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Business and Economy

New Personal Income Figures Show Mixed Rates of Growth in Maine's 16 Counties

PORTLAND, Maine - New personal income figures from the federal government illustrate a divergence in Maine's economy.

 

The latest numbers show personal income growth in all of Maine's 16 counties for the years 2013 to 2015.  But in some counties, the rate of growth accelerated during those years, while in others the rate slowed.

 

The 10 counties where the rate of growth increased include Androscoggin, Aroostook, Kennebec, Knox, Lincoln, Oxford, Penobscot, Piscataquis, Washington and York.

 

The six counties where growth slowed include Somerset, Waldo, Franklin, Hancock, Sagadahoc and Cumberland.

 

Residents in Cumberland County still have the highest per-capita income by far, though - more than $52,000 in 2015.   Sagadahoc County was next at $45,700.