Nome Census Area Income Charts

This section shows the Nome Census Area Alaska economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Nome Census Area depicts it has a Median earnings of $59,489 which is the third most median earnings of all other counties in the greater Nome Census Area region. The county with the highest median earnings per worker in the area is North Slope Borough which depicts a median earnings of $66,314 (11.5% larger). Comparing median earnings per worker to the United States average of $50,459, Nome Census Area is 17.9% larger. Also, versus the state of Alaska, median earnings per worker of $57,634, Nome Census Area is only about 3.2% 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 $62,843 which is the third most median income of all other counties in the greater Nome Census Area region. The county with the highest median household income in the area is North Slope Borough which depicts a median income of $79,083 (25.8% larger). Comparing median household income to the United States average of $64,994, Nome Census Area is only about 3.4% smaller. Also, compared with the state of Alaska, median household income of $77,790, Nome Census Area is about 23.8% smaller.

The next section examines a variety of different income statistics for the Nome Census Area metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest when sorted by median earnings of less than $10,000 of all the other counties in the surrounding region at 6.7% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.3 which is the second smallest in terms of average hours of all the other counties in the greater region. The county with the highest average hours in the area is North Slope Borough which depicts an average hours of 58.0 (47.6% 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 $29.11 which is the second most of all the counties in the area. The county with the highest average hourly earnings in the area is Bethel Census Area which depicts an average hourly earnings of $29.24 ( about the same size). Comparing average hourly earnings to the United States average of $25.01, Nome Census Area is 16.4% larger. Also, benchmarked against the state of Alaska, average hourly earnings of $26.77, Nome Census Area is 8.7% larger.

Figure 7 examines the number of self employed people in the Nome Census Area metro area based on the number of people who reported any self employment income. Nome Census Area depicts it has a Self Employed of 10.4% which is in the center range of other counties in the metro area. The county with the highest percentage of people self employed in the area is Dillingham Census Area which shows a percentage self employed of 20.7% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $73,309 of the total and is ranked #2. The only larger county being North Slope Borough with $94,840. Second, it has in the middle range of other counties in the metro area as measured by median income-25 to 44 years at $61,471 of the total. Third, it has the largest proportion of median income-45 to 64 years at $54,250 of the total and is ranked #1.

Figure 9 breaks down the source of income and Nome Census Area has the smallest proportion of self employment income at 12.0% 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 11.9% which is the second smallest in order of households with retirement income of all the other counties in the local area. The county with the highest households with retirement income in the area is Yukon-Koyukuk Census Area which depicts a households with retirement income of 17.1% (44.1% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $129,643 of the total and is ranked #2. The only larger county being Northwest Arctic Borough with $146,458. Second, it has one of the largest proportions of white family income at $91,250 of the total and is ranked #2. The only larger county being North Slope Borough with $169,200. Third, it has in the mid point range of other counties in the surrounding region as measured by black family income at $50,503 of the total. Also, it has one of the largest proportions of american indian family income at $104,875 of the total and is ranked #2. The only larger county being Dillingham Census Area with $168,125.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Nome Census Area depicts it has the hightest cost of 193.1 for the cost of utilities grouping.

Nome Census Area 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 Coronavirus Pandemic the monthly unemployment rate went from 12.0% to 11.3% in March 2020. This represents a decrease in the monthly unemployment rate of 5.8%. Since that time, the monthly unemployment rate has gone to 9.9% This represents a decrease in the monthly unemployment rate of 12.4%. 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 January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 4,129 to 4,060 in March 2020. This represents a decrease in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 4,201 This represents an increase in the monthly labor force participation of 3.5%.

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 Nome Census Area depicts it has a Unemployment Rate of 11.8% which is the second most of all the counties in the surrounding region. The county with the highest unemployment rate in the area is Kusilvak Census Area which shows a rate of 12.4% (only about 5.4% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Nome Census Area depicts it has a Labor Force Participation of 65.8% which is the third most of all other counties in the surrounding region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Nome Census Area depicts full time employees approximately 3.0 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 Nome Census Area area. Nome Census Area shows it has a Single Earner Families of 27.7% which is in the mid range of other counties in the metro area. The county with the highest families with a single earner in the area is Kusilvak Census Area which shows a single earners rate of 31.0% (11.7% larger). The percentage of families with no one working is depicted in Figure 22. Nome Census Area depicts it has a Families with No One Working of 10.9% which is the smallest as measured by families with no one working of all the other counties in the area. The county with the highest families with no one working in the area is Northwest Arctic Borough which shows a families with no worker of 18.4% (68.8% larger).

Nome Census Area Poverty Charts

The next section details economy analysis about poverty for residents of the Nome Census Area 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. Nome Census Area depicts it has a Total In Poverty of 2,151 which is the third most total people earning less than the poverty level of all other counties in the greater Nome Census Area region. The county with the highest total people earning less than the poverty level in the area is Bethel Census Area which depicts a total people earning less than the poverty level of 5,111 (approximately 2.4 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Nome Census Area shows it has a Percent of Population In Poverty of 22.4% which is less than most other counties in the local area. The county with the highest percent of people earning less than the poverty level in the area is Kusilvak Census Area which depicts a percent of people in poverty of 37.9% (68.8% larger).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Nome Census Area has the largest proportion of white poverty rate at 11% of the total and is ranked #1. Second, it has less than most other counties in the local area as measured by hawaiian poverty rate at 5% 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.) Nome Census Area shows it has a Public Assistance Percent of 34.6% which is less than most other counties in the greater region. The county with the highest households with public assistance in the area is Kusilvak Census Area which depicts a households with public assistance of 57.6% (66.4% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Nome Census Area depicts it has a Gini Index of 43.2% which is in the mid point range of other counties in the greater region.

Nome Census Area Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Nome Census Area or elsewhere.) Nome Census Area has the largest proportion of people who take Light rail, streetcar or trolley at 0% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Nome Census Area has the largest proportion of people who leave for work between 6am to 630am at 6% 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. Nome Census Area has the smallest proportion of people with commute time of less than 5 minutesutes at 31% of the total. Second, it has the second smallest in terms of people with commute time of less than 5 minutes of all the other counties in the area when sorted by people with commute time between 5 to 9 minutes at 14% of the total. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 3% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 40 to 44 minutes at 0% of the total.

The average commute time is shown in Figure 37. Nome Census Area depicts it has a Avg Commute Time of 6 which is less than most other counties in the greater region. Figure 38 shows the difference between male versus female commuting time. Nome Census Area depicts average commute time in minutes for men 7.3% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Nome Census Area has the percentage of no vehicle available less than most other counties in the local area at 27% of the total. Second, it has one of the largest proportions of 1 vehicle available at 21% of the total and is ranked #3. Only #2 Yukon-Koyukuk Census Area (22%), and #1 Dillingham Census Area (24%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Nome Census Area shows it has a Work in city or place where live of 93% which is the largest of all counties in the greater Nome Census Area region. Comparing people who both work and live in the same city to the United States average of 43%, Nome Census Area is about twice as large. Also, compared to the state of Alaska, people who both work and live in the same city of 72%, Nome Census Area is 29.2% larger.

Nome Census Area 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. Nome Census Area shows it has the hightest median earnings of $216,250 for the earnings-healthcare practitioners and tech occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Nome Census Area shows it has the hightest median earnings of $76,845 for the management, business, and financial occupations group. The table in Figure 48, shows Nome Census Area employment data in terms of job categories and salary data.

Nome Census Area 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. Nome Census Area shows it has the hightest entrepreneurs of 50% 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. Nome Census Area shows it has the hightest entrepreneurs of 22% for the self employed in agriculture, forestry, fishing and hunting, and mining aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Nome Census Area shows it has a Self Employment Income of $35,298 which is the most of all counties in the greater Nome Census Area region. Comparing average annual self employment income to the United States average of $40,101, Nome Census Area is about 13.6% smaller. Also, measured against the state of Alaska, average annual self employment income of $36,682, Nome Census Area is only about 3.9% smaller.

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