Maine Quality of Life
Finance & Income
Maine's greatest economic strengths are its forests and waters, yielding wood products, water power, fisheries, and ocean commerce. Today, the largest industry by far is paper manufacturing, for which both forests and water power are essential. However, since the 1980s manufacturing employment has dropped; and especially since 1992, services sector and trading sector employment has risen. Tourism, small business development and health care are all growing business segments. The unemployment rate in Portland, ME, is 3.40%, with job growth of 0.21%. Future job growth over the next ten years is predicted to be 16.17%. | Economic Comparisons | | Portland | | United States | | | | | | | | Unemployment | | 3.4% | | 4.60% | | Job Growth | | .21% | | 1.40% | | Future Job Growth | | 16.2% | | 11.9% | | Sales Tax | | 5.0% | | 6.0% | | Management Employment | | 15.1% | | 13.6% | | Professional Employment | | 24.4% | | 20.2% | | Services Sector | | 16.3% | | 14.8% | | Sales & Office Employment | | 28.6% | | 26.7% |
| Misscellaneous Comparisons | | Portland | | United States | | | | | | | | Commute Time (Minutes) | | 20.5 | | 27.4 | | Auto Travel to Work (Alone) | | 71.4% | | 71.3% | | Car Pool | | 10.9% | | 14.5% | | Mass Transit | | 4.5% | | 2.0% | | Work At Home | | 3.6% | | 5.5% | | Median Home Age (Years) | | 63 | | 27 | | Homes Owned | | 40.2% | | 64.1% | | Vacant Homes | | 6.9% | | 14.5% |
Data compiled as of October, 2007. For more detailed information to assist you in your relocation or real estate purchase decision, visit The US Department of Labor - Bureau of Labor Statistics. Income and Workforce Statistics Maine Economic Reports Available for Download
Maine Relocation: Quality of Life |
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