Comprehensive salary data, cost of living, tax rates, and employment information for Maine.
Reviewed by Alexander O.M., MBA, BSc Engineering•Updated
Maine has the oldest median age of any US state, and that demographic fact shapes its economy in ways the income numbers alone don't capture. The $68,251 median household income is below the national average, but the cost-of-living index of 113 pushes effective purchasing power further down — Maine is meaningfully more expensive than its wage levels suggest, driven by heating-oil costs, grocery prices in rural areas, and rising housing costs that have accelerated since 2020 as remote workers relocated from Boston and New York. The economy has three pillars: healthcare (MaineHealth and Northern Light Health together dominate statewide employment), tourism concentrated on the coast between Kennebunkport and Bar Harbor, and the commercial fishing industry (Maine produces over 80% of US lobster by weight). Portland has been the fastest-growing metro of the past decade; Bangor and more rural counties have seen much slower growth. The $14.15/hour minimum wage is indexed to inflation and is among the highest wage floors in the Northeast. State income tax ranges from 5.8% to 7.15% across three brackets. Property taxes run moderate. L.L. Bean's Freeport headquarters continues to anchor the mid-coast economy. Full data follows.
Median Individual
$35,830
per year
Median Household
$68,251
per year
Cost of Living
113
Expensive (US avg = 100)
State Income Tax
5.8-7.15%
rate
Salary Overview for Maine
The median individual income in Maine is $35,830 per year, while the mean (average) individual income is $45,020. The median household income is $68,251.
Cost of Living Adjusted Salary
Maine's cost of living index is 113 (national average = 100). This means the median salary of $35,830 in Maine has the purchasing power of approximately $31,708 at the national average cost of living. The higher cost of living in Maine means you need to earn more to maintain the same standard of living.
Minimum Wage in Maine
The current minimum wage in Maine is $14.15/hour, which equals approximately $29,432 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Maine minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Maine
MaineHealth
Hannaford
L.L. Bean
Major Industries in Maine
Healthcare
Tourism
Fishing
Tax Rates in Maine
See the full tax breakdown including income tax, sales tax, property tax, and more on our Maine tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Maine after federal and state taxes.