Waldo County, Maine Income Statistics
Waldo County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
-
C
Waldo County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Waldo County | Maine Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,583 | $74,723 | $80,455 |
| Median Personal Income | $54,364 | $58,018 | $60,758 |
| Average Yearly Income Growth | 6.1% | 4.9% | 4.8% |
| Six-Figure Earners | 8.6% | 11.2% | 13.9% |
| $200k+ Households | 6.4% | 9.4% | 13.2% |
The median household income in Waldo County is about 3% lower than in Maine. Income has been growing faster in Waldo County (6.1%/yr) than in Maine (4.9%/yr).
About 9% of adults in Waldo County earn six figures ($100,000 or more) a year, lower than the Maine average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Waldo County, Maine grew by 74.6% from 2009 to 2024, reaching $72,583 in 2024. That's an average of about 6.1% per year.
Income Inequality and the Gender Pay Gap in Waldo County
| Metric | Waldo County | Maine Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.499 | 0.510 | 0.552 |
| Male Median Income | $61,153 | $66,614 | $69,667 |
| Female Median Income | $51,385 | $55,906 | $56,850 |
| Gender Pay Gap | 16.0% | 16.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Waldo County, it is 0.499, lower than Maine's 0.510, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 19% more than women's income in Waldo County, Maine. Over a 35-year career, a 19% wage gap accumulates to roughly $341,880 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Waldo County, Maine has narrowed from about 22% to 16% in 2024. Over that period the gap was narrowest at 9% in 2020. In dollar terms, the gap has widened by $1,371 since 2009.
Employment
| Metric | Waldo County | Maine Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 3.8% | 5.2% |
| Working from Home | 15.6% | 15.9% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 732 people are unemployed in Waldo County, Maine.
The average commute time in Waldo County is 22 minutes, longer than the 20 minutes in Maine.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Waldo County, Maine has fallen from 8.7% to 3.7% in 2024.
Waldo County, ME Wealth Compared With Nearby Counties
Waldo County, ME is typical in size for this group, 40,192 residents against a local median of 41,003, so the measures below are close to a like for like comparison. Where Waldo County, ME breaks from the counties next to it is income growth, sitting 26% above the local median of 4.8%/yr at 6.1%/yr. That is the better end of the local range on this measure.
The counties themselves spread 1.1%/yr on income growth, so Waldo County, ME sits at one end of an already wide local range rather than apart from it. Waldo County, ME has the highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Waldo County, ME | 40,192 | $72,583 #5/6 | 6.1%/yr #1/6 | 3.7% #2/6 | 0.499 #3/6 |
| Knox County, ME | 41,003 | $73,711 | 4.5%/yr | 3.9% | 0.514 |
| Lincoln County, ME | 36,099 | $76,791 | 4.8%/yr | 2.9% | 0.498 |
| Kennebec County, ME | 126,799 | $68,834 | 4.5%/yr | 3.9% | 0.504 |
| Hancock County, ME | 56,460 | $73,178 | 4.9%/yr | 4.6% | 0.506 |
| Sagadahoc County, ME | 37,285 | $86,674 | 5.6%/yr | 4.6% | 0.490 |
Conclusion
Considering all these factors, Waldo County, Maine has an overall wealth index grade of C, making it about on par with Maine, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Waldo County, Maine.
How Rich Is Waldo County, Maine?
Waldo County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $72,583, about 3% lower than the Maine average of $74,723.
Are incomes growing in Waldo County, Maine?
Between 2009 and 2024, the median household income in Waldo County, Maine rose 75%, from $41,580 to $72,583. Over the same years, income here outpaced Maine as a whole: +75% against +60%.
What was the median household income in Waldo County in 2023?
In 2023, the median household income in Waldo County, Maine was $68,794, up 8% from $63,790 in 2022. The Maine median that year was $72,024.
What was the median household income in Waldo County in 2020?
In 2020, the median household income in Waldo County, Maine was $57,820. By 2024 it had risen 26% to $72,583.
What is the Gini coefficient in Waldo County, Maine?
The Gini coefficient in Waldo County is 0.499. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Waldo County, Maine?
Since 2009, the income gap between men and women in Waldo County, Maine has narrowed from about 22% to 16% in 2024. Over that period the gap was narrowest at 9% in 2020. In dollar terms, the gap has widened by $1,371 since 2009.
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