Everything You Need to Know About the City of Portland Maine

In 2017, Portland, Maine had a population of 66.7k people with a median age of 36 and a median household income of $51,430. Between 2016 and 2017 the population of Portland, ME grew from 66,649 to 66,715, a 0.099% increase and its median household income grew from $48,259 to $51,430, a 6.57% increase.

The number of inhabitants in Portland, ME is 81.1% White Alone, 8.56% Black or African American Alone, and 3.75% Asian Alone. N/A% of the people in Portland, ME communicate in a non-English language, and 93.6% are U.S. residents. 

The largest universities in Portland, ME are University of Southern Maine (1,757 degrees awarded in 2017), Maine College of Art (108 degrees), and Empire Beauty School-Maine (78 degrees).

The median property value in Portland, ME is $261,100, and the homeownership rate is 44%. Most people in Portland, ME commute by Drove Alone, and the average commute time is 18 minutes. The average vehicle proprietorship in Portland, ME is 2 vehicles for every household.


Education in Portland

In 2017, universities in Portland, ME awarded 1,947 degrees. The student population of Portland, ME is skewed towards women, with 3,289 male students and 5,288 female students.

Most students graduating from Universities in Portland, ME are White (1,609 and 83.3%), followed by Unknown (148 and 7.66%), Black or African American (47 and 2.43%), and Hispanic or Latino (41 and 2.12%).

The largest universities in Portland, ME by the number of degrees awarded are University of Southern Maine (1,757 and 90.2%), Maine College of Art (108 and 5.55%), and Empire Beauty School-Maine (78 and 4.01%).

The most popular majors in Portland, ME are General Business Administration & Management (136 and 6.99%), Registered Nursing (124 and 6.37%), and Teacher Education (93 and 4.78%).

The median tuition costs in Portland, ME are $33,320 for private four-year colleges, and $7,336 and $19,292 respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Portland

The economy of Portland, ME employs 38.3k people and Portland has an unemployment rate of 2.4%. Portland has seen the job market increase by 1.2% in the course of the most recent year. Future job development throughout the following ten years is anticipated to be 39.3%, which is higher than the US average of 33.5%. The biggest enterprises in Portland, ME are Health Care and Social Assistance (6,520 people), Retail Trade (4,445 people), and Accommodation and Food Services (4,437 people), and the highest paying industries are Management of Companies & Enterprises ($108,382), Utilities ($61,691), and Professional, Scientific, & Technical Services ($54,031).

Households in Portland, ME have a median yearly income of $51,430, which is not exactly the median yearly income of $61,937 over the whole United States. This is in contrast with a median income of $48,259 in 2016, which speaks to a 6.57% yearly development.


Tax Rates for Portland

– The Sales Tax Rate for Portland is 5.5%. The US average is 7.3%.

– The Income Tax Rate for Portland is 7.2%. The US average is 4.6%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Portland

– The average income of a Portland resident is $29,445 a year. 

– The Median household income of a Portland resident is $45,865 a year.