Racial/Ethnic Income Equity

+3

In 2016-2020, the average incomes of BIPOC* and Latino or Hispanic Mainers rose 3% but remained 33% below White Mainers, dramatically short of full equity. *Black, Indigenous, People of Color

No significant movement since the last available data

Benchmark: The average per-capita income of Mainers of color will improve to the state average by 2030.

Overview Fig. A

Overview

The Council strongly believes that Maine will need the contributions of every resident to achieve a vibrant, sustainable economy. Increasing prosperity is not true progress unless it is equitably shared. This will require broad, deep, and long-term systemic change.

From 2016 to 2020, the average per-capita income of BIPOC* and Latino or Hispanic Maine residents (7% of the population) was $22,851. That is 66% of the $34,642 average for White, non-Hispanic Maine residents (93% of the state’s population). This is a small increase from 63% in 2015-2019, but for every $3 made by White households, all other racial and ethnic groups made $2.

This stark racial/ethnic income disparity is similar to that of New England and the United States. To counter it, Maine must improve access to training and education for residents of color, better support their communities and businesses, and address cultural biases and systemic disadvantages. No U.S. state has eliminated the racial income gap yet, but in Kentucky, New Hampshire, and West Virginia, households of color earn over 70% as much as White households.

*Black, Indigenous, People of Color

 

 

Fig. A

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Average Per-Capita Income, 2016-2020

Source: U.S. Census Bureau