51 Maine Business Stats & Facts For 2025

Here are 51 business stats about Maine for 2025.

Basics:

Population: 1,395,722 (US Census 2020)
Population desnity per square mile: 44.20
GDP: $91,081 (millions USD)
GDP Per Capita: $65,785
Median household income (in 2022 dollars): $68,251
Real GDP Growth Rate: 1.90%
Total Employment: 669.6k
Unemployment Rate: 2.7%

Rankings

% Share of National Economy: 0.33%
State Economic Growth Rank (out of 50): 43
Population Growth Rank (out of 50): 16
Business Growth Rank (out of 50): 33
State Growth Rank in Employment (out of 50): 4

Biggest Industries In Maine By Revenue

1. Life Insurance & Annuities: $10.1b
2. Gasoline & Petroleum Bulk Stations: $7.9b
3. Hospitals: $6.4b
4. Gas Stations with Convenience Stores: $5.5b
5. Supermarkets & Grocery Stores: $5.0b
6. Public Schools: $4.7b
7. Scientific Research & Development: $4.4b
8. New Car Dealers: $4.3b
9. Colleges & Universities: $3.8b
10. Warehouse Clubs & Supercenters: $3.0b

Biggest Employers In Maine

1. State of Maine: 30,000 (4.5%)
2. Mainehealth Services: 20,751 (3.1%)
3. Hannaford Bros. Co., LLC: 8,751 (1.3%)
4. Walmart Inc.: 8,022 (1.2%)
5. General Dynamics Corporation: 6,751 (1.0%)
6. MaineGeneral Health: 4,251 (0.6%)
7. L. L. Bean, Inc.: 4,251 (0.6%)
8. Central Maine Healthcare Corporation: 2,751 (0.4%)
9. Td Bank N A: 2,751 (0.4%)
10. Home Depot, inc.: 2,412 (0.4%)

Small Businesses In Maine

Number of Small Businesses 149,493
Percent of bossiness that are small businesses: 99.20%
Number of employees: 291,387
Share of Employment: 55.90%
Number of New Businesses In The Past Year: 7,779
Number of Businesses That Closed In The Past Year: 4,571
Net Change In New Businesses: 3,208

Number of Businesses With No Employees: 116,412
Number of Businesses with 1-19 Employees: 29,711
Number of Businesses with 20-499 Employees: 3,370
Share of Businesses Owned By Women: 41.30%
Share of Businesses Owned By Veterans: 8.50%
Share of Hispanic Owned Businesses: 12.00%
Share of Businesses Owned By Racial Minorities: 3.40%

Fortune 500 Companies In Maine

Number of Fortune 500 Headquaters: N/A
Biggest Company: N/A
Biggest Company Type: N/A
Number of Employees: N/A
Revenue (in millions): N/A

Taxes In Maine

State Corporate Tax Rate:

• 3.50%
• 7.93%
• 8.33%
• 8.93%

State Corporate Tax Rate Brackets:

• $0
• $350,000
• $1,050,000
• $3,500,000

State Sales Tax Rate: 5.50%
State Sales Tax Rank (out of 50): 29
Average Local Sales Tax Rate: 0.00%
Max Local Sales Tax Rate: 0.00%
Average Combined Sales Tax Rate: 5.50%
Combined Sales Tax Rank (out of 50): 43

Minimum State Income Tax Rate If You’re Single: 6.00%
Minimum State Income Tax Rate If You’re Married: 6.00%

General Maine Population Facts

In civilian labor force, total, percent of population age 16 years+: 62.00%
In civilian labor force, female, percent of population age 16 years+: 58.80%
Share of population which is foreign born: 3.80%
Mean travel time to work (minutes), workers age 16 years+: 24.4

Housing

Number of Housing Units: 758,815
Owner-occupied housing unit rate: 73.50%
Median value of owner-occupied housing units: $244,800
Median gross rent per month: $1,009
Households with a computer: 92.90%
Households with a broadband Internet subscription: 87.30%

Education

High school graduate or higher, percent of persons age 25 years+: 94.10%
Bachelor’s degree or higher, percent of persons age 25 years+: 34.10%

Also See

• Maine Registered Agent Services
• Maine Secretary of State Business Search
• How To Form an LLC In Maine
• Maine Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Maine
• https://www.ibisworld.com/united-states/economic-profiles/maine/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-ME.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/northeast/maine.htm#eag
• https://www.census.gov/quickfacts/fact/table/ME,US/PST045223
• https://www.50pros.com/fortune500