Wealth Index
Among the 3 least wealthy counties in Maine
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.
Income Statistics Overview
| Metric | Washington County | Maine Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,164 | $72,025 | $78,145 |
| Median Personal Income | $49,877 | $59,309 | $61,726 |
| Average income growth | 4.4% | 5.1% | 5.1% |
| Six-Figure Earners | 6.1% | 10.3% | 13.2% |
The median household income in Washington County is about 26% lower than in Maine. Income has been growing slower in Washington County (4.4%/yr) than in Maine (5.1%/yr).
About 6% of adults in Washington County earn six figures ($100,000 or more) a year, lower than the Maine average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Washington County, Maine grew by 54.5% from 2009 to 2023, reaching $53,164 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Washington County | Gender Pay Gap | Gini Coefficient
| Metric | Washington County | Maine Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.519 | 0.570 |
| Male Median Income | $55,608 | $64,651 | $67,746 |
| Female Median Income | $43,686 | $53,280 | $54,793 |
| Gender Pay Gap | 21.4% | 17.6% | 19.1% |
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 Washington County, it is 0.527, higher than Maine's 0.519, so income is less evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 27% more than women's income in Washington County, Maine. Over a 35-year career, a 27% wage gap accumulates to roughly $417,270 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Washington County, Maine has narrowed from about 23% to 21% in 2023. In dollar terms, the gap has widened by $3,213 since 2009.
Employment
| Metric | Washington County | Maine Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 3.9% | 5.2% |
| Working from Home | 10.0% | 14.1% | 13.4% |
| Commute time (minutes) | 16 | 20 | 22 |
Approximately 907 people are unemployed in Washington County, Maine.
The average commute time in Washington County is 16 minutes, shorter than the 20 minutes in Maine.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Washington County, Maine has fallen from 10.9% to 6.6% in 2023.
Conclusion
Considering all these factors, Washington County, Maine has an overall wealth index grade of D, making it somewhat worse than Maine, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Washington County, Maine.
How Rich Is Washington County, Maine?
Washington County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $53,164, about 26% lower than the Maine average of $72,025.
What is the current median household income in Washington County, Maine?
As of 2023, the median household income in Washington County, Maine is $53,164.
What was the median household income in Washington County in 2023?
In 2023, the median household income in Washington County, Maine was $53,164.
What was the median household income in Washington County in 2020?
In 2020, the median household income in Washington County, Maine was $44,885.
What is the Gini coefficient in Washington County, Maine?
The Gini coefficient in Washington County is 0.527. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Washington County, Maine?
Since 2009, the income gap between men and women in Washington County, Maine has narrowed from about 23% to 21% in 2023. In dollar terms, the gap has widened by $3,213 since 2009.