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June 26, 2019

Mainers' average income up 5.4%, third-highest rise in U.S.

By Staff

The average personal income in Maine rose 5.4% during the first quarter of 2019 — the third-largest gain in the U.S., according to federal data released Tuesday.

The Bureau of Economic Analysis said only West Virginia, at 5.6%, and Arizona, at 5.5%, had higher jumps in personal income during the first three months of the year.

Maine’s jump was also higher than its growth during the last quarter of 2018, when average personal income inched up 1.3%.

Health care and social assistance were the leading contributors to the most recent increase in Maine, according to the bureau.

Vermont and New Hampshire also recorded significant income growth, at 4.5% and 3.8% respectively. Income growth rates in the other New England states were below the national average of 3.4%.

Personal income increased in every state except South Dakota, where the average fell 0.6%.

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1 Comments

Anonymous
June 26, 2019
No linked source to report? Low quality article ... I wanted to show this to my employer who only gave a 2% increase this year, calling it "average." (Editor's Note: Thank you for your feedback. Mainebiz includes links to sources when we feel they contain additional newsworthy, relevant information. This story, we felt, stood on its own without a link. But here it is anyway: https://www.bea.gov/news/2019/state-personal-income-first-quarter-2019.)
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