Maine Personal Income per Capita

Personal Income


Maine's personal income per person has lagged the average of all New England States and the national average.  Since 1980, Maine has lagged even further behind New England, moving from 79% to 74%.  However, it has closed the gap nationally, increasing from 83% to 90% of the national average.

The national and New England averages were very close until the 1980's when the region's economy leaped ahead and has remained at a significantly higher level.

While the national per capita income has been relatively flat in constant 1929 dollars from 2000-2003, Maine's real personal income has continued to increase, thus closing the gap.

Sources: 

"Regional Economic Accounts."  Bureau of Economic Analysis. U.S. Department of Commerce. http://www.bea.doc.gov/bea/regional/reis/ (November 26, 2003).
"Inflation Calculator." Bureau of Labor Statistics. US Department of Labor. http://www.bls.gov/cpi/ (November 26, 2003)
(Other Consumer Price Index calculators return somewhat different values.)

 Personal per Capita Income in Current Dollars - Selected Years
Area name 1929 1930 1940 1950 1960 1970 1980 1990 2000 2001 2002
United States 700 620 595 1,510 2,276 4,095 10,183 19,572 29,760 30,413 30,832
Maine 601 576 526 1,195 1,919 3,423 8,408 17,473 25,732 26,853 27,804
New England 872 801 756 1,615 2,494 4,453 10,701 22,884 36,195 37,096 37,494
Maine % of NE 69% 72% 70% 74% 77% 77% 79% 76% 71% 72% 74%
Maine % US 86% 93% 88% 79% 84% 84% 83% 89% 86% 88% 90%

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