For many years the only source of income in Maam was from farming. A farming community broke down into small holdings, most being sheep farmers but with a few keeping cattle, due to the mountainous area only certain types of sheep are tough enough to survive. Today the most popular being the Black faced sheep.
In recent year, due in part to the decline in farming, more people are now travelling further afield for work. Some households have ventured into the tourism market by offering bed and breakfast.
The market is picking up with the advent of "adventure tourism" with the Maam valley having the combination of excellent walking routes and many well trained and experienced guides.