Bristol Bay Borough Income Charts

This section shows the Bristol Bay Borough Alaska economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Bristol Bay Borough shows it has a Median earnings of $65,000 which is at the top of all other counties in the greater Bristol Bay Borough region. Comparing median earnings per worker to the United States average of $50,459, Bristol Bay Borough is 28.8% larger. Also, compared to the state of Alaska, median earnings per worker of $57,634, Bristol Bay Borough is 12.8% 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 $79,808 which is the largest of all counties in the area. Comparing median household income to the United States average of $64,994, Bristol Bay Borough is 22.8% larger. Also, benchmarked against the state of Alaska, median household income of $77,790, Bristol Bay Borough is only about 2.6% larger.

The next section examines a variety of different income statistics for the Bristol Bay Borough metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 1.6% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 1.6% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 28.5% of the total and is ranked #1. Also, it has the largest proportion of earnings between $50,000 and $74,999 at 14.1% of the total and is ranked #1. In addition, it has the largest proportion of earnings between $75,000 and $99,999 at 12.9% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 47.6 which is the second most average hours of all the counties in the greater Bristol Bay Borough region. The county with the highest average hours in the area is Aleutians East Borough which shows an average hours of 60.0 (26.1% 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 $26.26 which is the second most average hourly earnings of all the counties in the greater Bristol Bay Borough region. The county with the highest average hourly earnings in the area is Bethel Census Area which shows an average hourly earnings of $29.24 (11.3% larger). Comparing average hourly earnings to the United States average of $25.01, Bristol Bay Borough is only about 5.0% larger. Also, benchmarked against the state of Alaska, average hourly earnings of $26.77, Bristol Bay Borough is about the same size.

Figure 7 examines the number of self employed people in the Bristol Bay Borough metro area based on the number of people who reported any self employment income. Bristol Bay Borough shows it has a Self Employed of 32.4% which is the second most people self employed of all the counties in the greater Bristol Bay Borough region. The county with the highest percentage of people self employed in the area is Aleutians East Borough which depicts a percentage self employed of 32.9% ( only slightly larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $85,000 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $98,333 of the total and is ranked #2. The only larger county being Kodiak Island Borough with $99,698. Third, it has the largest proportion of median income-45 to 64 years at $55,625 of the total and is ranked #1.

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 21.8% which is the second most households with retirement income of all the counties in the greater Bristol Bay Borough region. The county with the highest households with retirement income in the area is Kenai Peninsula Borough which depicts a households with retirement income of 26.1% (19.7% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income less than most other counties in the surrounding region at $102,955 of the total. Second, it has the largest proportion of black family income at $78,125 of the total and is ranked #1. Third, it has one of the largest proportions of hawaiian family income at $103,295 of the total and is ranked #2. The only larger county being Aleutians East Borough with $119,279.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Bristol Bay Borough depicts it has the hightest cost of 135.7 for the cost of healthcare aggregate.

Bristol Bay Borough 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 Wuhan virus Pandemic the monthly unemployment rate went from 23.2% to 15.2% in March 2020. This represents a decrease in the monthly unemployment rate of 34.5%. Since that time, the monthly unemployment rate has gone to 9.4% This represents a decrease in the monthly unemployment rate of 38.2%. 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 indicates that from January 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 284 to 223 in March 2020. This represents a decrease in the monthly labor force participation of 21.5%. Since that time, the monthly labor force participation has gone to 254 This represents an increase in the monthly labor force participation of 13.9%.

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 Bristol Bay Borough depicts it has a Unemployment Rate of 2.8% which is the smallest in terms of unemployment rate of all the other counties in the local area. The county with the highest unemployment rate in the area is Lake and Peninsula Borough which depicts a rate of 12.9% (approximately 4.7 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Bristol Bay Borough shows it has a Labor Force Participation of 74.4% which is the second most participation rates of all the counties in the greater Bristol Bay Borough region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Bristol Bay Borough has the smallest proportion of employed at 2.8% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Bristol Bay Borough depicts full time employees considerably 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 Bristol Bay Borough area. Bristol Bay Borough depicts it has a Single Earner Families of 35.9% which is at the top of all other counties in the greater Bristol Bay Borough region. The percentage of families with no one working is depicted in Figure 22. Bristol Bay Borough shows it has a Families with No One Working of 5.6% which is the second smallest in terms of families with no one working of all the other counties in the metro area. The county with the highest families with no one working in the area is Kenai Peninsula Borough which indicates a families with no worker of 21.1% (approximately 3.7 times bigger).

Bristol Bay Borough Poverty Charts

The next section details economy analysis about poverty for residents of the Bristol Bay Borough 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. Bristol Bay Borough depicts it has a Total In Poverty of 36 which is the smallest as measured by total people earning less than the poverty level of all the other counties in the local area. The county with the highest total people earning less than the poverty level in the area is Kenai Peninsula Borough which shows a total people earning less than the poverty level of 7,300 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Bristol Bay Borough depicts it has a Percent of Population In Poverty of 5.0% which is the smallest in terms of percent of people earning less than the poverty level of all the other counties in the surrounding region. The county with the highest percent of people earning less than the poverty level in the area is Bethel Census Area which shows a percent of people in poverty of 28.6% ( considerably bigger).

In Figure 25 people who are in poverty are broken out by age group. Bristol Bay Borough has the largest proportion of person in poverty under 12 years at 17% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 18 to 34 years at 8% of the total. Third, it has the largest proportion of person in poverty 35 to 54 years at 25% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Bristol Bay Borough has the smallest proportion of black poverty rate at 11% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Bristol Bay Borough has the smallest proportion of married with children and in poverty at 16% of the total. Second, it has the smallest proportion of unmarried with children and in poverty at 14% of the total. Third, it has less than most other counties in the greater region in terms of unmarried female with children and in poverty at 18% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Bristol Bay Borough has the smallest proportion of less than highschool in poverty at 9% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 1% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Bristol Bay Borough has the largest proportion of people who are in poverty and unemployed at 27.8% of the total and is ranked #1. 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.) Bristol Bay Borough shows it has a Public Assistance Percent of 7.0% which is the smallest as measured by households with public assistance of all the other counties in the local area. The county with the highest households with public assistance in the area is Bethel Census Area which depicts a households with public assistance of 45.1% ( very much bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Bristol Bay Borough depicts it has a Gini Index of 37.7% which is the second smallest when sorted by the gini index of all the other counties in the local area.

Bristol Bay Borough Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Bristol Bay Borough community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Bristol Bay Borough has the percentage of people who take public transportation to work less than most other counties in the local area at 17% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Bristol Bay Borough or elsewhere.) Bristol Bay Borough has one of the largest proportions of people who drove alone at 67% of the total and is ranked #2. The only larger county being Kenai Peninsula Borough with 72%. Second, it has less than most other counties in the metropolitan area when ranked by people who walked at 17% of the total. Third, it has the smallest proportion of people who took a taxicab, motorcycle or other at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Bristol Bay Borough has the smallest proportion of people who leave for work between 9am to 10am at 1% of the total. Second, it has the smallest proportion of people who leave for work between 11am to 12noon at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Bristol Bay Borough has the percentage of people with commute time of less than 5 minutesutes in the middle range of other counties in the greater region at 39% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 23% of the total and is ranked #3. Only #2 Dillingham Census Area (23%), and #1 Kodiak Island Borough (27%) are larger.

The average commute time is shown in Figure 37. Bristol Bay Borough shows it has a Avg Commute Time of 11 which is the third most of all other counties in the local area. Figure 38 shows the difference between male versus female commuting time. Bristol Bay Borough shows average commute time in minutes for men 10.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Bristol Bay Borough has the largest proportion of no vehicle available at 38% of the total and is ranked #1. Second, it has in the mid point range of other counties in the metro area in order of 1 vehicle available at 25% of the total. Third, it has one of the largest proportions of 2 vehicles available at 19% of the total and is ranked #2. The only larger county being Kenai Peninsula Borough with 22%. Also, it has the largest proportion of 3 vehicles available at 11% of the total and is ranked #1. In addition, it has one of the largest proportions of 4 vehicles available at 5% of the total and is ranked #2. The only larger county being Kenai Peninsula Borough with 8%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Bristol Bay Borough shows it has a Work in city or place where live of 84% which is less than most other counties in the area. The county with the highest people who both work and live in the same city in the area is Lake and Peninsula Borough which depicts a people who both work and live in the same city of 95% (12.6% larger). Comparing people who both work and live in the same city to the United States average of 43%, Bristol Bay Borough 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%, Bristol Bay Borough is 17.1% larger.

Bristol Bay Borough 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. Bristol Bay Borough shows it has the hightest median earnings of $133,750 for the earnings-sales and office occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Bristol Bay Borough shows it has the hightest median earnings of $128,750 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Bristol Bay Borough employment data in terms of job categories and salary data.

Bristol Bay Borough 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. Bristol Bay Borough depicts it has the hightest entrepreneurs of 42% for the self employed management, business, science, and arts businesses grouping.

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. Bristol Bay Borough shows it has the hightest entrepreneurs of 50% for the self employed in arts, entertainment, recreation, accommodation and food services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Bristol Bay Borough depicts it has a Self Employment Income of $48,178 which is the second most average annual self employment income of all the counties in the greater Bristol Bay Borough region. The county with the highest average annual self employment income in the area is Kodiak Island Borough which shows an average annual self employment income of $50,562 (only about 4.9% larger). Comparing average annual self employment income to the United States average of $40,101, Bristol Bay Borough is 20.1% larger. Also, versus the state of Alaska, average annual self employment income of $36,682, Bristol Bay Borough is 31.3% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Bristol Bay Borough shows total number of self-employed men approximately 2.3 times bigger as the total number of self-employed women.