Economy

State & Local Tax Burden-.5

In 2020, Maine’s tax burden declined but remained above the New England average.

Cost of Energy10

The price of industrial electricity rose 10% in 2021, mirroring increases across New England.

Cost of Health Care-0.4

Health care expenditures fell 0.4% in 2021 but remain an ongoing challenge.

Cost of Doing Business0

In 2021, Maine’s cost of doing business was unchanged.

Postsecondary Degrees and Credentials0

In 2019, 53% of Mainers had a degree or a professional credential, below the New England average of 58%. 2022 results were not available at time of publication.

Eighth-Grade Math0

In 2019, 34% of Maine 8th graders were proficient in mathematics. 2022 results were not available at the time of publication.

Fourth-Grade Reading0

In 2019, 36% of Maine 4th graders were proficient in reading. 2022 results were not available at the time of publication.

Prekindergarten Education-2

In 2021-22, the share of schools with pre-Ks fell to 77%, partly due to COVID, but this is expected to rebound next year.

Entrepreneurship5

In 2020, the number of business starts exceeded closures by 9%, up from 4% in 2019.

International Exports32

Maine exports soared 32% in 2021, reaching their highest level in a decade.