Anchorage Alaska Income Charts

This section shows the Anchorage Alaska economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Anchorage depicts it has a Median earnings of $62,388 which is the second smallest in order of median earnings per worker of all the other places in the area. The city with the highest median earnings per worker in the area is Hope CDP which shows a median earnings of $93,125 (49.3% larger). Comparing median earnings per worker to the United States average of $53,269, Anchorage is 17.1% larger. Also, in comparison with the state of Alaska, median earnings per worker of $60,695, Anchorage is only about 2.8% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $88,871 which is the third most median income of all other places in the greater Anchorage region. The city with the highest median household income in the area is Gateway CDP which depicts a median income of $110,610 (24.5% larger). Comparing median household income to the United States average of $69,021, Anchorage is 28.8% larger. Also, benchmarked against the state of Alaska, median household income of $80,287, Anchorage is 10.7% larger.

The next section examines a variety of different income statistics for the Anchorage metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 5.6% of the total and is ranked #1. Second, it has less than most other places in the metro area in terms of earnings between $10,000 and $14,999 at 4.1% of the total. Third, it has one of the largest proportions of earnings between $15,000 and $19,999 at 27.7% of the total and is ranked #2. The only larger city being Knik River CDP with 28.3%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 40.2 which is less than most other places in the metro area. The city with the highest average hours in the area is Knik-Fairview CDP which shows an average hours of 43.1 (7.2% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $29.85 which is the second most average hourly earnings of all the places in the greater Anchorage region. The city with the highest average hourly earnings in the area is Knik River CDP which shows an average hourly earnings of $31.43 (only about 5.3% larger). Comparing average hourly earnings to the United States average of $26.40, Anchorage is 13.0% larger. Also, benchmarked against the state of Alaska, average hourly earnings of $28.26, Anchorage is only about 5.6% larger.

Figure 7 examines the number of self employed people in the Anchorage metro area based on the number of people who reported any self employment income. Anchorage depicts it has a Self Employed of 12.6% which is the second smallest in terms of percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Gateway CDP which shows a percentage self employed of 20.8% (65.0% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the local area at $90,686 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $108,907 of the total and is ranked #2. The only larger city being Gateway CDP with $132,250. Third, it has one of the largest proportions of median income-45 to 64 years at $70,367 of the total and is ranked #2. The only larger city being Gateway CDP with $75,852.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 22.2% which is the third most households with retirement income of all other places in the greater Anchorage region. The city with the highest households with retirement income in the area is Butte CDP which shows a households with retirement income of 32.9% (48.6% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $118,550 of the total and is ranked #1. Second, it has one of the largest proportions of white family income at $71,997 of the total and is ranked #3. Only #2 Knik-Fairview CDP ($106,023), and #1 Gateway CDP ($250,001) are larger. Third, it has in the mid range of other places in the greater region as measured by black family income at $72,112 of the total. Also, it has the largest proportion of american indian family income at $89,028 of the total and is ranked #1. In addition, it has the largest proportion of asian family income at $67,275 of the total and is ranked #1. Furthermore, it has in the center range of other places in the metro area in order of hawaiian family income at $74,518 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Anchorage shows it has the hightest cost of 135.7 for the cost of healthcare grouping.

Anchorage Alaska Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. It depicts that from January 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 7.0% to 4.7% in March 2020. This represents a decrease in the monthly unemployment rate of 32.9%. Since that time, the monthly unemployment rate has gone to 10.8% This represents an increase in the monthly unemployment rate of 129.8%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. It shows that from January 2010 to before the disasterous Covid-19 virus Pandemic the monthly labor force participation went from 157,229 to 144,897 in March 2020. This represents a decrease in the monthly labor force participation of 7.8%. Since that time, the monthly labor force participation has gone to 146,014 This represents an increase in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Anchorage shows it has a Unemployment Rate of 3.6% which is in the mid range of other places in the greater region. The city with the highest unemployment rate in the area is Hope CDP which indicates a rate of 27.6% ( considerably bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Anchorage depicts it has a Labor Force Participation of 70.9% which is the third most participation rates of all other places in the greater Anchorage region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Anchorage shows full time employees approximately 4.0 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Anchorage area. Anchorage depicts it has a Single Earner Families of 26.7% which is the second smallest as measured by families with a single earner of all the other places in the greater region. The city with the highest families with a single earner in the area is Hope CDP which shows a single earners rate of 65.2% (approximately 2.4 times bigger). The percentage of families with no one working is depicted in Figure 22. Anchorage depicts it has a Families with No One Working of 10.4% which is less than most other places in the metro area. The city with the highest families with no one working in the area is Wasilla which shows a families with no worker of 17.7% (70.3% larger).

Anchorage Alaska Poverty Charts

The next section details economy analysis about poverty for residents of the Anchorage community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Anchorage depicts it has a Total In Poverty of 26,182 which is more than all other places in the greater Anchorage region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Anchorage shows it has a Percent of Population In Poverty of 9.1% which is in the mid range of other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Hope CDP which shows a percent of people in poverty of 52.4% ( markedly bigger).

In Figure 25 people who are in poverty are broken out by age group. Anchorage has one of the largest proportions of person in poverty 12 to 17 years at 33% of the total and is ranked #2. The only larger city being Butte CDP with 40%. Second, it has less than most other places in the metro area as measured by person in poverty 18 to 34 years at 19% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Anchorage has one of the largest proportions of white poverty rate at 13% of the total and is ranked #2. The only larger city being Knik-Fairview CDP with 14%. Second, it has one of the largest proportions of black poverty rate at 23% of the total and is ranked #3. Only #2 Knik River CDP (62%), and #1 Hope CDP (100%) are larger. Third, it has one of the largest proportions of asian poverty rate at 18% of the total and is ranked #2. The only larger city being Wasilla with 48%. Also, it has one of the largest proportions of hawaiian poverty rate at 10% of the total and is ranked #2. The only larger city being Wasilla with 14%.

Figure 27 shows key poverty statistics for groups based on marriage status. Anchorage has one of the largest proportions of married with children and in poverty at 24% of the total and is ranked #3. Only #2 Knik-Fairview CDP (29%), and #1 Wasilla (34%) are larger. Second, it has one of the largest proportions of unmarried with children and in poverty at 30% of the total and is ranked #3. Only #2 Wasilla (36%), and #1 Knik-Fairview CDP (37%) are larger. Third, it has less than most other places in the metropolitan area in order of unmarried female with children and in poverty at 9% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Anchorage has the percentage of highschool graduate and in poverty less than most other places in the metro area at 7% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Anchorage shows it has a Public Assistance Percent of 11.6% which is the third most of all other places in the greater region. The city with the highest households with public assistance in the area is Wasilla which depicts a households with public assistance of 22.8% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Anchorage shows it has a Gini Index of 42.7% which is in the center range of other places in the area.

Anchorage Alaska Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Anchorage or elsewhere.) Anchorage has the largest proportion of people who carpooled at 12% of the total and is ranked #1. Second, it has the largest proportion of people who take a Subway or elevated rail at 0% of the total and is ranked #1. Third, it has the largest proportion of people who take the ferry at 0% of the total and is ranked #1. Also, it has the largest proportion of people who bike at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Anchorage has the percentage of people who leave for work between 12am to 5am the second smallest when ranked by people who leave for work between 12am to 5am of all the other places in the local area at 3% of the total. Second, it has the second smallest in order of people who leave for work between 12am to 5am of all the other places in the greater region when sorted by people who leave for work between 6am to 630am at 9% of the total. Third, it has the largest proportion of people who leave for work between 7am to 730am at 16% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Anchorage has the largest proportion of people with commute time of less than 5 minutesutes at 13% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 20% of the total and is ranked #1. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 25% of the total and is ranked #2. The only larger city being Hope CDP with 33%. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 18% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 40 to 44 minutes at 2% of the total. Furthermore, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the metro area in order of people with commute time between 45 to 59 minutes at 1% of the total.

The average commute time is shown in Figure 37. Anchorage depicts it has a Avg Commute Time of 19 which is the smallest as measured by average commute time of all the other places in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Anchorage shows average commute time in minutes for men 35.7% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Anchorage has one of the largest proportions of no vehicle available at 22% of the total and is ranked #3. Only #2 Wasilla (24%), and #1 Hope CDP (78%) are larger. Second, it has the largest proportion of 1 vehicle available at 44% of the total and is ranked #1. Third, it has less than most other places in the metropolitan area in order of 4 vehicles available at 5% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Anchorage depicts it has a Work in city or place where live of 97% which is the most of all places in the greater Anchorage region. Comparing people who both work and live in the same city to the United States average of 44%, Anchorage is about twice as large. Also, in comparison with the state of Alaska, people who both work and live in the same city of 72%, Anchorage is 34.7% larger.

Anchorage Alaska Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Anchorage depicts it has the hightest median earnings of $102,286 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Anchorage shows it has the hightest median earnings of $86,622 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Anchorage employment data in terms of job categories and salary data.

Anchorage Alaska Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Anchorage depicts it has the hightest entrepreneurs of 58% for the self employed management, business, science, and arts businesses aggregate.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Anchorage shows it has the hightest entrepreneurs of 21% for the self employed in educational services, health care and social assistance classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Anchorage depicts it has a Self Employment Income of $35,684 which is the second smallest in terms of average annual self employment income of all the other places in the surrounding region. The city with the highest average annual self employment income in the area is Gateway CDP which shows an average annual self employment income of $69,605 (about twice as large). Comparing average annual self employment income to the United States average of $42,141, Anchorage is about 18.1% smaller. Also, compared to the state of Alaska, average annual self employment income of $38,150, Anchorage is about 6.9% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Anchorage depicts total number of self-employed men 28.3% larger as the total number of self-employed women.