Rankings: Maine vs. Other States
How does Maine rank in comparison to other states?
How does Maine rank in comparison to other states?
Economy
Maine’s economy ranks #43 (8th worst)
Source: WalletHub 2025 “Best and Worst State Economies”
At $65,267, Maine’s per capita real GDP ranks #40 (11th lowest)
Maine’s gross domestic product ranks #43 (8th lowest).
Business Climate
Maine’s business friendliness ranks #37 (14th worst)
Maine ranks #45 (6th worst) for best states to start a business in 2024.
Maine’s ranks #42 (9th worst) for top states for businesses.
Investment
Maine ranks #41 (10th lowest) for venture capital investment.
Maine Ranks #40 (11th worst) for Access to Capital for businesses.
Infrastructure
Income and Wages
Maine’s personal income per capita ranks #28.
Cost of Living
At 112% of the U.S. average, Maine’s cost of living ranks #38 (13th highest)
Maine ranks #29 for affordability.
Health Care Costs
Energy Costs
Maine ranks #34 for energy consumption per capita, but ranks #15 highest for energy expenditures per capita. Maine residents account for 0.4% of U.S. energy consumption, but 0.7% of U.S. energy expenditures.
Maine ranks #4 highest for average residential electricity prices.
Tax Burden
Maine ranks #4 highest in the nation for Overall Tax Burden
Maine ranks #29 for state tax competitiveness, largely due to the absence of local sales tax. Its ranks #40 for corporate tax and #48 for property tax.
Income Tax
Property Tax
At 4.86% of personal income, Maine’s property tax burden ranks #1 highest
Corporate and Business Taxes
Workforce
Top, at 23%, Maine ranks #1 for the percentage of its population over 65
Source: U.S. Census Bureau
At 17.8%, Maine ranks #2 lowest for the percentage of its population under 18
Source: U.S. Census Bureau
Maine’s workforce ranks #46 (#5th worst)
Federal Dependency
At 41% of its total state revenue, Maine ranks #18 for most reliant on federal funds
Averaging +$7,555 per capita, Maine ranks #11 among states receiving more in federal funding than it pays in federal taxes.