THE COASTAL PACKET: All but two Maine counties have seen income drop since 2000

Thursday, January 28

All but two Maine counties have seen income drop since 2000

Bangor Daily News - According to a new report from Pew Charitable Trusts analyzing census data, the median household income in most counties has dropped since 2000, especially in counties that relied on manufacturing jobs. In fact, more than 1/3 of U.S. counties saw drops of at least 10 percent, when adjusting for inflation.

Maine fared a bit worse than average, with seven of 16 counties showing an income drop of more than 10 percent. Oxford County, which has seen a steep drop in its manufactured homes industry, had the biggest drop at 14.4 percent. Penobscot County, whose paper industry losses are well-documented, had the second worst showing with a 14 percent drop.

No comments: