Employment and Income

The graph shows that an estimated 471 or 24% of households in the Bucksport-Verona Census Tract had incomes below $15,000 in 1997.

The percent below $15,000 is the same as the state, but higher than Hancock County (27%).

Bucksport unemployment rate 3.4% in Sep. 1999, down from 3.7% in Sep. 1998. Unemployment in November, 1999 was up to 4.7%. (Unemployment rates below 6% are historically considered very low.)

Source: Maine Department of Labor, 1999
and Census Counts 98.

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Notes:

Maine unemployment rates in 1997 ranged from 11% in Washington County to 2.9% in Cumberland County.

The September 1999 unemployment rate in the Bucksport labor market area was 3.4% of a 5,200 persons labor force, down 90 persons from Sep. 1998. Unemployment normally drops during the summer season. By November, 1999 unemployment in Bucksport was up to 240 persons, or 4.7%.

Incomes in Bucksport were comparable to Hancock County and the State. 1990 median household income was $26,469. Income rose in the county by about 15% by 1993.

Hancock County per capita income in 1996 was $22,411, fourth highest after Cumberland, Lincoln and Knox.

Labor force has grown in Hancock County by 12% between 1990 and 1997, second fastest in the state after Waldo,