2023 Somerset County, Maine Demographics | Data & Analysis

Ready-to-use reports, analytics, and visualizations covering Somerset County, Maine, including population, race, income, and more. Based on 2023 American Community Survey Estimates.

Somerset County, Maine Key Demographic Statistics (2023 Estimates)

Key demographic statistics summarized from the U.S. Census Bureau's 2023 American Community Survey (ACS).

Total Population
50,852
Median Age
46.9 years
Median Household Income
$56,199
Median Property Value
$155,200
Bachelor's Degree+
20.31%
Uninsured Rate
7.8%
Total Households
22,737
Total Workers
22,736
Citizenship Rate
99.4%
Total Veterans
4,560
Top Veteran Era
Vietnam Era Only
Poverty Rate
10.7%
Families in Poverty
1,476
SNAP Recipients
18.59%
Households w/ SNAP
4,227

Source: U.S. Census Bureau, 2023 American Community Survey (ACS) Estimates

Somerset County, Maine Demographics: Age & Gender Statistics (2023)

Population pyramid for Somerset County, Maine showing male vs female age distribution based on 2023 ACS data.
Figure 1: Population distribution by age and sex in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Key Demographic Indicators for Somerset County, Maine

The following statistics highlight the population structure and median age of Somerset County, Maine, based on U.S. Census Bureau 2023 ACS Estimates.

Total Population
50,852
Median Age (Total)
46.9 years
Median Age (Male)
46.3 years
Median Age (Female)
47.5 years

Somerset County, Maine Population by Age Group

Table 1: Percentage distribution of population by age group in Somerset County, Maine, 2023
Age CohortShare of Population
Under 5 years4.87%
5–17 years (Children)13.75%
18–24 years (Young Adults)6.52%
25–34 years11.33%
35–54 years24.61%
55–64 years16.32%
65 years and over (Seniors)22.60%

Dependency Ratios Analysis

Total Dependency Ratio
70.12
Youth Dependency Ratio
31.67 Population under 18 relative to working age (18-64).
Old-Age Dependency Ratio
38.45 Population 65+ relative to working age (18-64).

A higher ratio indicates a greater financial and social burden on the working population to support non-working age groups.


What is the Racial and Ethnic Breakdown of Somerset County, Maine (2023)?

Pie chart showing the racial and ethnic composition of Somerset County, Maine based on 2023 ACS data.
Figure 1: Racial and ethnic breakdown of Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Diversity & Cultural Composition of Somerset County, Maine

The racial makeup and ethnic composition of Somerset County, Maine are detailed below, drawing from the U.S. Census Bureau's 2023 ACS Estimates.

Diversity Index Score
10.64
Diversity Tier
very low
Definition
The probability that two individuals chosen at random from Somerset County, Maine will be from different racial or ethnic groups.

Somerset County, Maine Population by Race/Ethnicity

Table 1: Population Percentage by Racial and Ethnic Group in Somerset County, Maine, 2023
Racial/Ethnic GroupPercentage
White Alone (Non-Hispanic)94.47%
Two or More Races2.99%
Hispanic or Latino (Any Race)1.45%
Black/African American Alone0.47%
Asian Alone0.35%
American Indian and Alaska Native Alone0.13%
Some Other Race Alone0.13%
Native Hawaiian or Other Pacific Islander Alone0.02%

Somerset County, Maine Economic Demographics: Household Income Statistics (2023)

Bar chart showing household income distribution brackets for Somerset County, Maine based on 2023 ACS data.
Figure 1: Household income distribution in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Economic Snapshot for Somerset County, Maine

The following data illustrates the financial landscape of Somerset County, Maine, based on the latest U.S. Census Bureau 2023 ACS Estimates.

Median Household Income
$56,199 (Adjusted for inflation)
Total Households Analyzed
22,737

Somerset County, Maine Household Income Distribution by Income Brackets

Table 1: Percentage distribution of household income in Somerset County, Maine, 2023
Annual Income RangeShare of Households
Less than $20,00016.25%
$20,000 to $34,99915.06%
$35,000 to $49,99914.09%
$50,000 to $74,99917.71%
$75,000 to $149,99927.79%
$150,000 or more9.10%

Somerset County, Maine Real Estate Demographics: Property Values (2023)

Line chart showing property value distribution for owner-occupied homes in Somerset County, Maine based on 2023 ACS data.
Figure 1: Property value distribution in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Real Estate Market Snapshot for Somerset County, Maine

The following data highlights the distribution of owner-occupied housing values in Somerset County, Maine, based on the latest U.S. Census Bureau 2023 ACS Estimates.

Median Property Value
$155,200
Total Properties Analyzed
17,567 (Owner-occupied units)

Somerset County, Maine Property Value Brackets

Table 1: Percentage distribution of property values in Somerset County, Maine, 2023
Value RangeShare of Properties
Less than $25,0004.99%
$25,000 to $49,9995.62%
$50,000 to $99,99917.45%
$100,000 to $199,99937.87%
$200,000 to $499,99929.98%
$500,000 to $999,9993.81%
$1,000,000 or more0.27%

Somerset County, Maine Educational Attainment Statistics (2023)

Treemap chart illustrating educational attainment levels for adults 25+ in Somerset County, Maine based on 2023 ACS data.
Figure 1: Educational breakdown in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Education Snapshot for Somerset County, Maine

The following statistics represent the educational background of residents aged 25 and older in Somerset County, Maine, based on U.S. Census Bureau 2023 ACS Estimates.

High School Graduate or Higher
92.85%
Bachelor's Degree or Higher
20.31%
Total Population Analyzed (25+)
38,069

Somerset County, Maine Education Levels

Table 1: Detailed educational attainment distribution in Somerset County, Maine, 2023
Education LevelShare of Population (25+)
Less than high school graduate7.15%
High school graduate (incl. equivalency)41.42%
Some college or associate's degree31.12%
Bachelor's Degree14.42%
Graduate or professional degree5.89%

Somerset County, Maine Health Insurance Coverage Statistics (2023)

Pyramid chart showing health insurance coverage distribution by age and sex in Somerset County, Maine based on 2023 ACS data.
Figure 1: Health insurance coverage gaps in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Healthcare Coverage Snapshot for Somerset County, Maine

The following data illustrates the health coverage landscape of Somerset County, Maine, based on U.S. Census Bureau 2023 ACS Estimates.

Overall Uninsured Rate
7.8%
Total Uninsured Population
3,926
Total Civilian Population
50,265

The uninsured rates vary significantly by demographic group. Children under 18 and seniors aged 65+ generally have higher coverage rates due to public programs like Medicaid/CHIP and Medicare.

Somerset County, Maine Uninsured Rates by Demographics

Table 1: Uninsured Rates by Age Group and Sex in Somerset County, Maine, 2023
Age GroupMale Uninsured %Female Uninsured %
Under 184.7%3.1%
18-34 years17.1%10.4%
35-64 years12.8%9.8%
65+ years0.1%0.3%

Somerset County, Maine Nativity & Citizenship Statistics (2023)

Treemap showing population distribution by nativity and citizenship status in Somerset County, Maine based on 2023 ACS data.
Figure 1: Citizenship status breakdown in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Citizenship Snapshot for Somerset County, Maine

The following data details the citizenship status and nativity of the population in Somerset County, Maine, based on U.S. Census Bureau 2023 ACS Estimates.

U.S. Citizenship Rate
99.4% (Native-born + Naturalized)
Naturalized Citizens
450 (Foreign-born individuals who acquired citizenship)
Non-Citizen Residents
299

Somerset County, Maine Nativity Breakdown

Table 1: Nativity and Citizenship Distribution in Somerset County, Maine, 2023
Nativity/Citizenship StatusPercentage
Born in the United States98.1%
Born in Puerto Rico or U.S. Island Areas0.0%
Born abroad of American parent(s)0.4%
U.S. citizen by naturalization0.9%
Not a U.S. citizen0.6%
Total U.S. Citizens 99.4%

Somerset County, Maine Commuting & Transportation Statistics (2023)

Treemap chart illustrating how workers in Somerset County, Maine commute to work based on 2023 ACS data.
Figure 1: Commute mode split in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Commuter Snapshot for Somerset County, Maine

The following data details the commuting habits of the workforce in Somerset County, Maine, based on U.S. Census Bureau 2023 ACS Estimates.

Drove to Work (Car/Truck/Van)
86.4%
Public Transportation Usage
0.1%
Work From Home Rate
10.1%
Total Workers Analyzed
22,172

Somerset County, Maine Commute Breakdown

Table 1: Commuting Methods Distribution in Somerset County, Maine, 2023
Transportation MethodPercentageNumber of Workers
Car, truck, or van86.4%19,159
Public transportation0.1%14
Bicycle0.1%19
Walked2.3%503
Taxicab, motorcycle, or other means1.1%235
Worked from home10.1%2,242
Total Workers- 22,172

Somerset County, Maine Employment by Class of Worker (2023)

Bar chart showing employment distribution by class of worker (Private, Government, Self-Employed) in Somerset County, Maine based on 2023 ACS data.
Figure 1: Workforce composition in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Workforce Snapshot for Somerset County, Maine

The following statistics categorize the civilian employed population aged 16 and over in Somerset County, Maine by their employment sector, based on U.S. Census Bureau 2023 ACS Estimates.

Total Employed Civilian Population
22,736
Private Sector (Profit & Non-Profit)
Includes For-Profit and Non-Profit organizations
Government Workers
Includes Local, State, and Federal employees
Self-Employed Workers
Includes own not incorporated business workers

Somerset County, Maine Employment Sector Breakdown

Table 1: Employment Distribution by Class of Worker and Sex in Somerset County, Maine, 2023
Employment ClassMale WorkersFemale Workers
Private For-Profit8,649 (38.0%)6,121 (26.9%)
Private Non-Profit794 (3.5%)1,768 (7.8%)
Government (All Levels)1,389 (6.1%)1,827 (8.0%)
• Local Government5841,190
• State Government458331
• Federal Government347306
Self-Employed1,350 (5.9%)768 (3.4%)

Definitions: "Private sector" includes employees of for-profit and non-profit companies. "Government" includes all local, state, and federal employees. "Self-employed" refers to those operating their own unincorporated businesses.


Somerset County, Maine Veteran Population & Service Statistics (2023)

Bar chart showing the distribution of veterans by period of military service in Somerset County, Maine based on 2023 ACS data.
Figure 1: Veteran service eras in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Veteran Community Snapshot for Somerset County, Maine

The following data details the civilian veteran population aged 18 and over in Somerset County, Maine, based on U.S. Census Bureau 2023 ACS Estimates.

Total Civilian Veterans
4,560
Primary Service Era
Vietnam Era Only
1,606 veterans (35.2%)

Somerset County, Maine Service Period Breakdown

Table 1: Veteran Distribution by Period of Military Service in Somerset County, Maine, 2023
Period of ServiceNumber of VeteransPercentage
Vietnam Era Only (August 1964 to April 1975)1,60635.2%
Gulf War Only (August 1990 to August 2001)94420.7%
Between Gulf War and Vietnam Era73416.1%
Post-9/11 and Gulf War (August 1990 to August 2001)4038.8%
Post-9/11 Only (September 2001 or later)3237.1%
Between Vietnam Era and Korean War2766.1%
Korean War Only (July 1950 to January 1955)1353.0%
Gulf War and Vietnam Era781.7%
Post-9/11, Gulf War, and Vietnam Era430.9%
Vietnam Era and Korean War90.2%
World War II Only (December 1941 to December 1946)90.2%
Total Veterans4,560100.0%

Note: Periods of service include World War II (Dec 1941–Dec 1946), Korean War (Jul 1950–Jan 1955), Vietnam Era (Aug 1964–Apr 1975), Gulf War (Aug 1990–Aug 2001), and Post-9/11 (Sept 2001 or later). Veterans may have served in multiple eras.


Somerset County, Maine Family Poverty & Income Statistics (2023)

Bar chart showing family distribution by income-to-poverty ratio in Somerset County, Maine, based on 2023 ACS data.
Figure 1: Family economic status in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

Family Economic Security Snapshot for Somerset County, Maine

The following data categorizes families in Somerset County, Maine by their income relative to the federal poverty threshold, based on U.S. Census Bureau 2023 ACS Estimates.

Families Below Poverty Line (<100%)
10.7% (1,476 families)
Families Near Poverty (100-199%)
36.2% (4,973 families)
Families with Secure Income (200%+)
53.1% (7,300 families)

Somerset County, Maine Income-to-Poverty Ratio Breakdown

Table 1: Family Distribution by Income-to-Poverty Ratio in Somerset County, Maine, 2023
Income-to-Poverty Ratio CategoryNumber of FamiliesPercentage
Below 50% of Poverty3172.3%
50-74% of Poverty5083.7%
75-99% of Poverty6514.7%
100-124% of Poverty7145.2%
125-149% of Poverty6374.6%
150-174% of Poverty6144.5%
175-184% of Poverty2131.5%
185-199% of Poverty5313.9%
200-299% of Poverty2,26416.5%
300-399% of Poverty2,51718.3%
400-499% of Poverty1,49610.9%
500%+ of Poverty3,28723.9%
Total Families13,749100.0%

Definition: The "Income-to-Poverty Ratio" measures a family's income against the federal poverty threshold. A ratio below 1.00 means the family is in poverty. Ratios between 1.00 and 1.99 indicate low income ("near poverty"), while ratios of 2.00 or higher suggest greater economic security.


Somerset County, Maine SNAP/Food Stamps Statistics (2023)

Stacked bar chart showing SNAP recipient household composition by presence of children in Somerset County, Maine, based on 2023 ACS data.
Figure 1: SNAP household demographics in Somerset County, Maine. Source: U.S. Census Bureau, 2023 ACS Estimates.

SNAP Participation Snapshot for Somerset County, Maine

The following data details household participation in the Supplemental Nutrition Assistance Program (SNAP) in Somerset County, Maine, based on U.S. Census Bureau 2023 ACS Estimates.

Total Households Receiving SNAP
4,227 (18.59% of all households)
Recipient Households with Children
1,304 (30.85% of recipients)
Total Households Analyzed
22,737

Somerset County, Maine SNAP Recipient Demographics

Table 1: SNAP Recipient Household Composition in Somerset County, Maine, 2023
Household TypeWith Children Under 18No Children Under 18
Married-Couple Family528 (12.49%)449 (10.62%)
Male Householder, No Spouse232 (5.49%)84 (1.99%)
Female Householder, No Spouse515 (12.18%)251 (5.94%)
Nonfamily Households29 (0.69%)2,139 (50.60%)

About this data: The Supplemental Nutrition Assistance Program (SNAP) provides food assistance to low-income families. Households with children often face higher participation rates due to eligibility guidelines prioritizing child nutrition. "Nonfamily households" typically refer to individuals living alone or with unrelated roommates.


Frequently Asked Questions (FAQs)

The age breakdown for Somerset County, Maine is as follows: Under 5: 4.87%, Ages 5–17: 13.75%, Ages 18–24: 6.52%, Ages 25–34: 11.33%, Ages 35–54: 24.61%, Ages 55–64: 16.32%, and 65 or older: 22.60%.

The racial and ethnic composition of Somerset County, Maine is dominated by: White Alone (Non-Hispanic): 94.47%, Two or More Races: 2.99%, Hispanic or Latino (Any Race): 1.45%. The complete breakdown includes 8 distinct racial and ethnic categories.

The median household income in Somerset County, Maine is $56,199. This represents the midpoint of all household incomes in the area, meaning half of households earn more than this amount and half earn less.

The household income distribution in Somerset County, Maine is: Very Low Income (under $20,000): 16.25%, Low Income ($20,000-$34,999): 15.06%, Lower Middle Income ($35,000-$49,999): 14.09%, Middle Income ($50,000-$74,999): 17.71%, Upper Middle Income ($75,000-$149,999): 27.79%, High Income ($150,000+): 9.10%.

Approximately 23.04% of households in Somerset County, Maine earn over $100,000 annually. This includes households earning between $100,000 and $124,999, $125,000 and $149,999, $150,000 and $199,999, and $200,000 or more.

The median property value for owner-occupied housing units in Somerset County, Maine is $155,200. This represents the midpoint of all property values in the area, meaning half of homes are valued above this amount and half are valued below. The median is a better indicator of typical home values than the average because it is not skewed by extremely high or low property values.

The property value distribution for owner-occupied housing units in Somerset County, Maine is: Less than $25,000: 4.99%, $25,000-$49,999: 5.62%, $50,000-$99,999: 17.45%, $100,000-$199,999: 37.87%, $200,000-$499,999: 29.98%, $500,000-$999,999: 3.81%, $1,000,000 or more: 0.27%.

There are 17,567 owner-occupied housing units in Somerset County, Maine. This represents homes that are owned by the people living in them, as opposed to rental properties or vacant units.

Approximately 4.09% of owner-occupied housing units in Somerset County, Maine are valued over $500,000. This includes properties valued between $500,000 and $749,999, $750,000 and $999,999, $1,000,000 and $1,499,999, $1,500,000 and $1,999,999, and $2,000,000 or more.

In Somerset County, Maine, 20.31% of the population aged 25 and older holds a bachelor's degree or higher. This includes those with bachelor's degrees as well as those with graduate or professional degrees.

The educational attainment breakdown for Somerset County, Maine (population 25+) is: Less than high school graduate: 7.15%, High school graduate (including equivalency): 41.42%, Some college or associate's degree: 31.12%, Bachelor's degree: 14.42%, Graduate or professional degree: 5.89%.

In Somerset County, Maine, 92.85% of the population aged 25 and older has completed at least a high school education. This includes high school graduates, those with some college, associate's degrees, bachelor's degrees, and graduate degrees.

In Somerset County, Maine, 7.8% of the population lacks health insurance coverage. This represents 3,926 individuals out of a total population of 50,265 people.

The uninsured rates vary by age group in Somerset County, Maine. For young adults (18-34 years), 17.1% of males and 10.4% of females lack coverage. In the 35-64 age group, 12.8% of males and 9.8% of females are uninsured. These working-age populations typically face different coverage challenges than children or seniors.

Children under 18 in Somerset County, Maine have uninsured rates of 4.7% for males and 3.1% for females. Seniors aged 65 and older, who are typically covered by Medicare, have uninsured rates of 0.1% for males and 0.3% for females. These age groups generally have higher coverage rates due to public programs.

In Somerset County, Maine, 99.4% of the population are U.S. citizens. This includes native-born citizens and naturalized citizens. Out of a total population of 50,852 people, 50,553 are U.S. citizens.

Somerset County, Maine has 450 naturalized U.S. citizens, representing 0.9% of the total population. These are foreign-born individuals who have gone through the naturalization process to become U.S. citizens.

The nativity and citizenship breakdown for Somerset County, Maine is: 98.1% were born in the United States, 0.0% were born in Puerto Rico or U.S. Island Areas, 0.4% were born abroad of American parent(s), 0.9% are foreign-born naturalized U.S. citizens, and 0.6% are foreign-born non-citizens.

In Somerset County, Maine, 86.4% of workers commute by car, truck, or van, making it the most common means of transportation to work. Out of 22,172 total workers, 19,159 use personal vehicles for their commute.

14 workers in Somerset County, Maine use public transportation (excluding taxicabs) to commute to work, representing 0.1% of all workers. This includes buses, subways, light rail, commuter trains, and ferries.

Alternative commute methods in Somerset County, Maine include: 10.1% work from home, 2.3% walk to work, 0.1% bicycle, and 1.1% use other means such as taxicabs or motorcycles. These alternatives to driving alone help reduce traffic congestion and environmental impact.

"Class of worker" refers to the type of employer or work arrangement for employed civilians aged 16 and over in Somerset County, Maine. It categorizes workers into private sector (for-profit and non-profit), government (local, state, and federal), self-employed, and unpaid family workers. This classification helps understand the employment structure and economic composition of the workforce.

According to the American Community Survey, Somerset County, Maine has 22,736 employed civilians aged 16 and over. The private for-profit sector employs the largest share of workers, with 38.0% of male workers and 26.9% of female workers in this category.

In Somerset County, Maine, there are 1,389 male government workers and 1,827 female government workers. Government employment includes local, state, and federal positions. This represents 6.1% of male workers and 8.0% of female workers.

Self-employment in Somerset County, Maine includes 1,350 males (5.9%) and 768 females (3.4%). Self-employed workers operate their own businesses that are not legally incorporated.

In Somerset County, Maine, 4,227 households (18.59% of all households) received SNAP/Food Stamps benefits in the past 12 months. Out of 22,737 total households, these families rely on this federal nutrition assistance program to help purchase food.

Of the SNAP-receiving households in Somerset County, Maine, 1,304 (30.85%) have children under 18 years. These families face additional nutritional needs and food security challenges as they work to provide adequate nutrition for growing children.

SNAP recipients in Somerset County, Maine include diverse household types. Among households with children, 515 (12.18%) are headed by a female householder with no spouse present, while 528 (12.49%) are married-couple families. The program also serves households without children, including seniors, disabled individuals, and working adults facing economic challenges.

The Supplemental Nutrition Assistance Program (SNAP), formerly known as Food Stamps, is a federal program that provides nutrition assistance to low-income individuals and families. Eligibility is based on household income, resources, and size. In Somerset County, Maine, SNAP helps eligible households purchase nutritious food at authorized retailers. The program aims to alleviate hunger and improve nutrition and health outcomes for vulnerable populations.

According to the U.S. Census Bureau's American Community Survey, there are 4,560 civilian veterans aged 18 and over living in Somerset County, Maine. These individuals have served on active duty in the U.S. Army, Air Force, Navy, Marine Corps, or Coast Guard. This number does not include those with only National Guard or Reserves training without active duty service.

The most common period of military service for veterans in Somerset County, Maine is Vietnam Era Only, with 1,606 veterans (35.2% of all veterans) who served during this period. The second most common period is Gulf War Only, with 944 veterans (20.7%).

"Period of service" categorizes veterans based on when they served on active duty in the U.S. Armed Forces. Major periods include World War II (December 1941-December 1946), the Korean War (July 1950-January 1955), the Vietnam Era (August 1964-April 1975), the Gulf War (August 1990-August 2001), and Post-9/11 (September 2001 or later). Veterans may have served during multiple periods. Understanding the distribution of service periods helps communities in Somerset County, Maine provide appropriate services and support to their veteran population.

Veterans who served during the Gulf War era (1990-2001) and Post-9/11 era (2001-present) represent approximately 55.4% of all veterans in Somerset County, Maine. These more recent-era veterans, totaling around 2,525 individuals, often have different service experiences and support needs compared to veterans of earlier conflicts. They may benefit from targeted programs addressing issues such as transition to civilian life, employment assistance, and access to VA healthcare services.

In Somerset County, Maine, 1,476 families (10.7% of all families) live below the federal poverty line. This means their household income is less than 100% of the poverty threshold established by the U.S. Census Bureau, which varies by family size and composition. Out of 13,749 total families, these households face significant economic challenges meeting basic needs.

"Income-to-poverty ratio" measures how a family's income compares to the federal poverty threshold. A ratio of 1.00 (100%) means the family's income equals the poverty line. Below 1.00 indicates poverty, while ratios above 1.00 show income levels relative to poverty. For example, a ratio of 2.00 (200%) means the family earns twice the poverty threshold. In Somerset County, Maine, this data helps identify not just families in poverty, but also those who are economically vulnerable despite being above the official poverty line.

Beyond families living in poverty, Somerset County, Maine has 4,973 families (36.2%) with incomes between 100% and 199% of the poverty level. These families are often called 'near poverty' or low-income households. Specifically, 1,965 families (14.3%) have incomes between 100% and 149% of poverty. While technically above the poverty line, these families often struggle with housing costs, healthcare, childcare, and other expenses, making them economically vulnerable.

In Somerset County, Maine, 317 families (2.3%) live in extreme poverty, with incomes below 50% of the federal poverty threshold. These families face severe economic hardship and often require comprehensive assistance programs. On the other end of the spectrum, 7,300 families (53.1%) have incomes at least 200% above the poverty level, indicating greater financial stability and economic security.