Meadow Lakes CDP Alaska Income Charts

This section shows the Meadow Lakes CDP Alaska economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Meadow Lakes CDP depicts it has a Median earnings of $54,155 which is the second smallest as measured by median earnings per worker of all the other places in the metro area. The place with the highest median earnings per worker in the area is Gateway CDP which depicts a median earnings of $64,658 (19.4% larger). Comparing median earnings per worker to the United States average of $53,269, Meadow Lakes CDP is only slightly larger. Also, benchmarked against the state of Alaska, median earnings per worker of $60,695, Meadow Lakes CDP is about 12.1% smaller.

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 $75,673 which is less than most other places in the metro area. The place with the highest median household income in the area is Gateway CDP which depicts a median income of $110,610 (46.2% larger). Comparing median household income to the United States average of $69,021, Meadow Lakes CDP is 9.6% larger. Also, benchmarked against the state of Alaska, median household income of $80,287, Meadow Lakes CDP is about 6.1% smaller.

The next section examines a variety of different income statistics for the Meadow Lakes CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 6.0% of the total and is ranked #3. Only #2 Tanaina CDP (6.2%), and #1 Houston (7.0%) are larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 42.2 which is the third most average hours of all other places in the greater Meadow Lakes CDP region. The place with the highest average hours in the area is Knik-Fairview CDP which depicts an average hours of 43.1 ( only slightly 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 $24.68 which is the smallest in terms of average hourly earnings of all the other places in the local area. The place with the highest average hourly earnings in the area is Gateway CDP which depicts an average hourly earnings of $29.68 (20.2% larger). Comparing average hourly earnings to the United States average of $26.40, Meadow Lakes CDP is about 7.0% smaller. Also, compared to the state of Alaska, average hourly earnings of $28.26, Meadow Lakes CDP is about 14.5% smaller.

Figure 7 examines the number of self employed people in the Meadow Lakes CDP metro area based on the number of people who reported any self employment income. Meadow Lakes CDP indicates it has a Self Employed of 12.2% which is less than most other places in the local area. The place with the highest percentage of people self employed in the area is Gateway CDP which shows a percentage self employed of 20.8% (71.0% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the intermediate range of other places in the metro area at $102,750 of the total. Second, it has the second smallest in terms of median income for those under 25 years of age of all the other places in the area as measured by median income-25 to 44 years at $71,655 of the total. Third, it has in the mid range of other places in the surrounding region as measured by median income-45 to 64 years at $57,578 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 25.7% which is the second most households with retirement income of all the places in the greater Meadow Lakes CDP region. The place with the highest households with retirement income in the area is Fishhook CDP which shows a households with retirement income of 29.7% (15.5% 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 in the mid range of other places in the greater region at $90,521 of the total. Second, it has the second smallest in order of overall family income of all the other places in the local area in order of black family income at $34,125 of the total. Third, it has the largest proportion of american indian family income at $98,929 of the total and is ranked #1. Also, it has less than most other places in the local area in order of hawaiian family income at $73,875 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. Meadow Lakes CDP shows it has the hightest cost of 135.7 for the cost of healthcare grouping.

Meadow Lakes CDP Alaska Labor Force Charts

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the COVID-19 Pandemic it went from 6.3% to 4.8% in December 2019. This represents a decrease in the monthly unemployment rate of 23.8%. Since that time, the monthly unemployment rate has gone to 4.8%. This represents an increase in the monthly unemployment rate of very little. 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. The monthly labor force participation depicts that from January 2017 to before the COVID-19 Pandemic it went from 154,379 to 148,116 in November 2019. This represents a decrease in the monthly labor force participation of 4.1%. Since that time, the monthly labor force participation has gone to 148,116. 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 Meadow Lakes CDP shows it has a Unemployment Rate of 4.0% which is less than most other places in the metro area. The place with the highest unemployment rate in the area is Houston which shows a rate of 8.1% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Meadow Lakes CDP shows it has a Labor Force Participation of 57.5% which is the second smallest in order of participation rate of all the other places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Meadow Lakes CDP shows full time employees approximately 4.2 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 Meadow Lakes CDP area. Meadow Lakes CDP shows it has a Single Earner Families of 30.9% which is less than most other places in the metropolitan area. The place with the highest families with a single earner in the area is Knik-Fairview CDP which depicts a single earners rate of 40.0% (29.6% larger). The percentage of families with no one working is depicted in Figure 22. Meadow Lakes CDP depicts it has a Families with No One Working of 20.2% which is the highest of all places in the greater Meadow Lakes CDP region.

Meadow Lakes CDP Alaska Poverty Charts

The next section details economy analysis about poverty for residents of the Meadow Lakes CDP 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. Meadow Lakes CDP depicts it has a Total In Poverty of 997 which is in the center range of other places in the surrounding region. The place with the highest total people earning less than the poverty level in the area is Knik-Fairview CDP which shows a total people earning less than the poverty level of 1,663 (66.8% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Meadow Lakes CDP depicts it has a Percent of Population In Poverty of 12.0% which is the third most percent of people earning less than the poverty level of all other places in the greater Meadow Lakes CDP region. The place with the highest percent of people earning less than the poverty level in the area is Houston which shows a percent of people in poverty of 17.3% (44.5% larger).

In Figure 25 people who are in poverty are broken out by age group. Meadow Lakes CDP has the largest proportion of person in poverty 12 to 17 years at 30% of the total and is ranked #1. Second, it has the second smallest as measured by person in poverty under 12 years of all the other places in the surrounding region in order of person in poverty 18 to 34 years at 15% of the total. Third, it has the largest proportion of person in poverty 35 to 54 years at 20% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Meadow Lakes CDP has the largest proportion of asian poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Meadow Lakes CDP has the percentage of married with children and in poverty the second smallest in order of married with children and in poverty of all the other places in the surrounding region at 26% of the total. Second, it has one of the largest proportions of unmarried with children and in poverty at 56% of the total and is ranked #2. The only larger place being Houston with 70%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Meadow Lakes CDP has the largest proportion of people who are in poverty and unemployed at 30.3% 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.) Meadow Lakes CDP depicts it has a Public Assistance Percent of 12.6% which is the third most households with public assistance of all other places in the greater Meadow Lakes CDP region. The place with the highest households with public assistance in the area is Houston which depicts a households with public assistance of 27.9% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Meadow Lakes CDP depicts it has a Gini Index of 42.3% which is the third most the gini index of all other places in the greater Meadow Lakes CDP region.

Meadow Lakes CDP Alaska Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Meadow Lakes CDP or elsewhere.) Meadow Lakes CDP 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. Meadow Lakes CDP has one of the largest proportions of people who leave for work between 12am to 5am at 6% of the total and is ranked #2. The only larger place being Gateway CDP with 6%. Second, it has the smallest proportion of people who leave for work between 6am to 630am at 6% of the total. Third, it has the largest proportion of people who leave for work between 730 am to 8am at 13% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 9am to 10am at 5% 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. Meadow Lakes CDP has the smallest proportion of people with commute time between 5 to 9 minutes at 6% of the total. Second, it has the largest proportion of people with commute time between 15 to 19 minutes at 20% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 6% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 25 to 29 minutes at 11% 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 7% of the total. Furthermore, it has the largest proportion of people with commute time between 45 to 59 minutes at 18% of the total and is ranked #1.

The average commute time is shown in Figure 37. Meadow Lakes CDP depicts it has a Avg Commute Time of 42 which is the second most average commute time of all the places in the greater Meadow Lakes CDP region. Figure 38 shows the difference between male versus female commuting time. Meadow Lakes CDP shows average commute time in minutes for men 76.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Meadow Lakes CDP has the smallest proportion of 1 vehicle available at 35% of the total. Second, it has the largest proportion of 4 vehicles available at 11% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Meadow Lakes CDP shows it has a Work in city or place where live of 19% which is the second most of all the places in the metro area. The place with the highest people who both work and live in the same city in the area is Wasilla which depicts a people who both work and live in the same city of 39% (about twice as large). Comparing people who both work and live in the same city to the United States average of 44%, Meadow Lakes CDP is approximately half the size. Also, versus the state of Alaska, people who both work and live in the same city of 72%, Meadow Lakes CDP is approximately a quarter the size.

Meadow Lakes CDP 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. Meadow Lakes CDP depicts it has the hightest median earnings of $131,111 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Meadow Lakes CDP shows it has the hightest median earnings of $63,333 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Meadow Lakes CDP employment data in terms of job categories and salary data.

Meadow Lakes CDP 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. Meadow Lakes CDP shows it has the hightest entrepreneurs of 44% for the self employed management, business, science, and arts businesses classification.

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. Meadow Lakes CDP depicts it has the hightest entrepreneurs of 26% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Meadow Lakes CDP depicts it has a Self Employment Income of $34,351 which is in the middle range of other places in the metropolitan area. The place 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, Meadow Lakes CDP is about 22.7% smaller. Also, measured against the state of Alaska, average annual self employment income of $38,150, Meadow Lakes CDP is about 11.1% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Meadow Lakes CDP depicts total number of self-employed men about the same size as the total number of self-employed women.