Kodiak Island Borough Income Charts

This section shows the Kodiak Island Borough Alaska economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Kodiak Island Borough shows it has a Median earnings of $45,878 which is the second smallest in terms of median earnings per worker of all the other counties in the metro area. The county with the highest median earnings per worker in the area is Anchorage Municipality which depicts a median earnings of $62,388 (36.0% larger). Comparing median earnings per worker to the United States average of $53,269, Kodiak Island Borough is about 16.1% smaller. Also, measured against the state of Alaska, median earnings per worker of $60,695, Kodiak Island Borough is approximately three-fourths the size.

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 $83,765 which is the second most median income of all the counties in the greater Kodiak Island Borough region. The county with the highest median household income in the area is Anchorage Municipality which depicts a median income of $88,871 (6.1% larger). Comparing median household income to the United States average of $69,021, Kodiak Island Borough is 21.4% larger. Also, benchmarked against the state of Alaska, median household income of $80,287, Kodiak Island Borough is only about 4.3% larger.

The next section examines a variety of different income statistics for the Kodiak Island Borough metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest as measured by median earnings of less than $10,000 of all the other counties in the greater region at 3.4% of the total. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 35.0% 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 42.9 which is the third most of all other counties in the surrounding region. The county with the highest average hours in the area is Bristol Bay Borough which depicts an average hours of 46.5 (8.4% 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 $20.57 which is the second smallest when sorted by average hourly earnings of all the other counties in the local area. The county with the highest average hourly earnings in the area is Anchorage Municipality which depicts an average hourly earnings of $29.85 (45.1% larger). Comparing average hourly earnings to the United States average of $26.40, Kodiak Island Borough is approximately three-fourths the size. Also, measured against the state of Alaska, average hourly earnings of $28.26, Kodiak Island Borough is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Kodiak Island Borough metro area based on the number of people who reported any self employment income. Kodiak Island Borough indicates it has a Self Employed of 18.0% which is in the mid range of other counties in the surrounding region. The county with the highest percentage of people self employed in the area is Bristol Bay Borough which depicts a percentage self employed of 30.5% (69.5% 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 counties in the local area at $84,693 of the total. Second, it has in the intermediate range of other counties in the greater region in terms of median income-25 to 44 years at $101,539 of the total. Third, it has less than most other counties in the greater region when ranked by median income-45 to 64 years at $46,250 of the total.

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 18.3% which is in the mid range of other counties in the local area. The county with the highest households with retirement income in the area is Denali Borough which shows a households with retirement income of 33.9% (about twice as large).

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 in the mid range of other counties in the surrounding region at $109,390 of the total. Second, it has the second smallest as measured by overall family income of all the other counties in the local area as measured by black family income at $51,165 of the total. Third, it has one of the largest proportions of american indian family income at $67,364 of the total and is ranked #2. The only larger county being Anchorage Municipality with $89,028. Also, it has the largest proportion of hawaiian family income at $78,750 of the total and is ranked #1.

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

Kodiak Island 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 February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 7.5% to 4.1% in February 2020. This represents a decrease in the monthly unemployment rate of 45.3%. Since that time, the monthly unemployment rate has gone to 2.9% This represents a decrease in the monthly unemployment rate of 29.3%. 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 depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 6,448 to 6,055 in March 2020. This represents a decrease in the monthly labor force participation of 6.1%. Since that time, the monthly labor force participation has gone to 6,847 This represents an increase in the monthly labor force participation of 13.1%.

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 Kodiak Island Borough depicts it has a Unemployment Rate of 3.7% which is in the middle range of other counties in the greater region. The county with the highest unemployment rate in the area is Lake and Peninsula Borough which depicts a rate of 10.9% (approximately 2.9 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Kodiak Island Borough depicts it has a Labor Force Participation of 72.8% which is the second most participation rates of all the counties in the greater Kodiak Island Borough region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Kodiak Island Borough depicts full time employees approximately 4.3 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 Kodiak Island Borough area. Kodiak Island Borough shows it has a Single Earner Families of 21.3% which is the second smallest in terms of families with a single earner of all the other counties in the local area. The county with the highest families with a single earner in the area is Bristol Bay Borough which depicts a single earners rate of 34.9% (64.1% larger). The percentage of families with no one working is depicted in Figure 22. Kodiak Island Borough shows it has a Families with No One Working of 6.2% which is the smallest as measured by families with no one working of all the other counties in the local area. The county with the highest families with no one working in the area is Kenai Peninsula Borough which shows a families with no worker of 20.4% (approximately 3.3 times bigger).

Kodiak Island Borough Poverty Charts

The next section details economy analysis about poverty for residents of the Kodiak Island 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. Kodiak Island Borough shows it has a Total In Poverty of 1,006 which is the third most total people earning less than the poverty level of all other counties in the greater Kodiak Island Borough region. The county with the highest total people earning less than the poverty level in the area is Anchorage Municipality which depicts a total people earning less than the poverty level of 26,182 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Kodiak Island Borough depicts it has a Percent of Population In Poverty of 7.8% which is the second smallest when sorted by percent of people earning less than the poverty level of all the other counties in the greater region. The county with the highest percent of people earning less than the poverty level in the area is Dillingham Census Area which depicts a percent of people in poverty of 18.0% (approximately 2.3 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Kodiak Island Borough has the smallest proportion of person in poverty 35 to 54 years at 9% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Kodiak Island Borough has one of the largest proportions of white poverty rate at 31% of the total and is ranked #2. The only larger county being Denali Borough with 80%. Second, it has the largest proportion of black poverty rate at 25% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Kodiak Island Borough has one of the largest proportions of married with children and in poverty at 38% of the total and is ranked #2. The only larger county being Lake and Peninsula Borough with 38%. Second, it has the largest proportion of unmarried with children and in poverty at 44% of the total and is ranked #1. Third, it has the second smallest when ranked by married with children and in poverty of all the other counties in the area when sorted by unmarried female with children and in poverty at 7% 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. Kodiak Island Borough has the largest proportion of people who are in poverty and employed at 12.3% 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.) Kodiak Island Borough shows it has a Public Assistance Percent of 11.9% which is in the center range of other counties in the greater region. The county with the highest households with public assistance in the area is Lake and Peninsula Borough which shows a households with public assistance of 34.8% (approximately 2.9 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Kodiak Island Borough shows it has a Gini Index of 39.6% which is the second smallest when sorted by the gini index of all the other counties in the surrounding region.

Kodiak Island 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 Kodiak Island 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.) Kodiak Island Borough has the percentage of people who take public transportation to work less than most other counties in the greater region at 7% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Kodiak Island Borough or elsewhere.) Kodiak Island Borough has the percentage of people who drove alone in the mid range of other counties in the local area at 59% of the total. Second, it has one of the largest proportions of people who carpooled at 18% of the total and is ranked #2. The only larger county being Dillingham Census Area with 19%. Third, it has less than most other counties in the area in order of people who walked at 6% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Kodiak Island Borough has the smallest proportion of people who leave for work between 12am to 5am at 1% of the total. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 17% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 8am to 830am at 4% of the total. Also, it has the largest proportion of people who leave for work between 12noon to 4pm at 11% 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. Kodiak Island Borough has the percentage of people with commute time of less than 5 minutesutes in the center range of other counties in the surrounding region at 33% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 31% of the total and is ranked #2. The only larger county being Denali Borough with 31%.

The average commute time is shown in Figure 37. Kodiak Island Borough shows it has a Avg Commute Time of 11 which is less than most other counties in the greater region. Figure 38 shows the difference between male versus female commuting time. Kodiak Island Borough depicts average commute time in minutes for men 43.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Kodiak Island Borough has the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other counties in the surrounding region at 21% of the total. Second, it has the largest proportion of 1 vehicle available at 45% of the total and is ranked #1. Third, it has the second smallest in terms of no vehicle available of all the other counties in the area when ranked by 4 vehicles available at 1% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Kodiak Island Borough shows it has a Work in city or place where live of 49% 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 Anchorage Municipality which depicts a people who both work and live in the same city of 97% (about twice as large). Comparing people who both work and live in the same city to the United States average of 44%, Kodiak Island Borough is 10.8% larger. Also, compared to the state of Alaska, people who both work and live in the same city of 72%, Kodiak Island Borough is approximately three-fourths the size.

Kodiak Island 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. Kodiak Island Borough depicts it has the hightest median earnings of $102,568 for the management, business, and financial occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Kodiak Island Borough shows it has the hightest median earnings of $250,001 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Kodiak Island Borough employment data in terms of job categories and salary data.

Kodiak Island 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. Kodiak Island Borough depicts it has the hightest entrepreneurs of 60% for the self employed management, business, science, and arts businesses group.

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. Kodiak Island Borough depicts it has the hightest entrepreneurs of 39% for the self employed in manufacturing classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Kodiak Island Borough shows it has a Self Employment Income of $59,216 which is the largest of all counties in the greater Kodiak Island Borough region. Comparing average annual self employment income to the United States average of $42,141, Kodiak Island Borough is 40.5% larger. Also, measured against the state of Alaska, average annual self employment income of $38,150, Kodiak Island Borough is 55.2% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Kodiak Island Borough shows total number of self-employed men 10.6% larger as the total number of self-employed women.