Sitka and Alaska Income Charts

This section shows the Sitka and Alaska economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Sitka and depicts it has a Median earnings of $52,328 which is the second most median earnings of all the places in the greater Sitka and region. The city with the highest median earnings per worker in the area is Juneau and which shows a median earnings of $61,016 (16.6% larger). Comparing median earnings per worker to the United States average of $53,269, Sitka and is about the same size. Also, in contrast to the state of Alaska, median earnings per worker of $60,695, Sitka and is about 16.0% 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 $82,083 which is the second most median income of all the places in the greater Sitka and region. The city with the highest median household income in the area is Juneau and which shows a median income of $90,126 (9.8% larger). Comparing median household income to the United States average of $69,021, Sitka and is 18.9% larger. Also, in comparison with the state of Alaska, median household income of $80,287, Sitka and is only slightly larger.

The next section examines a variety of different income statistics for the Sitka and metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the local area at 4.5% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 24.1% 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 42.5 which is the third most average hours of all other places in the greater Sitka and region. The city with the highest average hours in the area is Hoonah which shows an average hours of 45.7 (7.5% 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 $23.68 which is the second most average hourly earnings of all the places in the greater Sitka and region. The city with the highest average hourly earnings in the area is Juneau and which shows an average hourly earnings of $29.41 (24.2% larger). Comparing average hourly earnings to the United States average of $26.40, Sitka and is about 11.5% smaller. Also, benchmarked against the state of Alaska, average hourly earnings of $28.26, Sitka and is about 19.4% smaller.

Figure 7 examines the number of self employed people in the Sitka and metro area based on the number of people who reported any self employment income. Sitka and shows it has a Self Employed of 22.0% which is the third most of all other places in the greater region. The city with the highest percentage of people self employed in the area is Tenakee Springs which depicts a percentage self employed of 42.9% (about twice as large).

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 $88,981 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $86,667 of the total and is ranked #2. The only larger city being Juneau and with $111,083. Third, it has the largest proportion of median income-45 to 64 years at $72,679 of the total and is ranked #1.

Figure 9 breaks down the source of income and Sitka and has the smallest proportion of self employment income at 14.9% 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 24.7% which is less than most other places in the metropolitan area. The city with the highest households with retirement income in the area is Tenakee Springs which depicts a households with retirement income of 62.9% (approximately 2.5 times bigger).

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 $103,462 of the total and is ranked #3. Only #2 Hoonah ($116,250), and #1 Juneau and ($122,396) are larger. Second, it has one of the largest proportions of black family income at $62,500 of the total and is ranked #2. The only larger city being Juneau and with $75,417. Third, it has one of the largest proportions of american indian family income at $96,654 of the total and is ranked #2. The only larger city being Juneau and with $99,766. Also, it has one of the largest proportions of hawaiian family income at $103,073 of the total and is ranked #2. The only larger city being Hoonah with $108,750.

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

Sitka and 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 Coronavirus 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 depicts 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 Sitka and depicts it has a Unemployment Rate of 3.6% which is less than most other places in the local area. The city with the highest unemployment rate in the area is Tenakee Springs which depicts a rate of 14.2% (approximately 3.9 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Sitka and depicts it has a Labor Force Participation of 71.4% which is the largest of all places in the local area.

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). Sitka and has the smallest proportion of unemployed at 28.6% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Sitka and shows 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 Sitka and area. Sitka and depicts it has a Single Earner Families of 19.9% which is the smallest when ranked 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 Gustavus which shows a single earners rate of 52.2% (approximately 2.6 times bigger). The percentage of families with no one working is depicted in Figure 22. Sitka and depicts it has a Families with No One Working of 11.2% which is the second smallest when sorted by families with no one working of all the other places in the metropolitan area. The city with the highest families with no one working in the area is Angoon which depicts a families with no worker of 25.4% (approximately 2.3 times bigger).

Sitka and Alaska Poverty Charts

The next section details economy analysis about poverty for residents of the Sitka and 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. Sitka and shows it has a Total In Poverty of 573 which is the second most total people earning less than the poverty level of all the places in the greater Sitka and region. The city with the highest total people earning less than the poverty level in the area is Juneau and which shows a total people earning less than the poverty level of 2,293 (approximately 4.0 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Sitka and depicts it has a Percent of Population In Poverty of 6.9% which is less than most other places in the area. The city with the highest percent of people earning less than the poverty level in the area is Kake which depicts a percent of people in poverty of 18.7% (approximately 2.7 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Sitka and has one of the largest proportions of person in poverty 12 to 17 years at 30% of the total and is ranked #3. Only #2 Juneau and (30%), and #1 Kake (34%) are larger. Second, it has the second smallest as measured by person in poverty under 12 years of all the other places in the greater region when sorted by person in poverty 18 to 34 years at 20% of the total. Third, it has in the middle range of other places in the local area in terms of person in poverty 55 to 64 years at 9% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Sitka and 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. Sitka and has one of the largest proportions of unmarried with children and in poverty at 34% of the total and is ranked #2. The only larger city being Angoon with 61%. 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.) Sitka and shows it has a Public Assistance Percent of 10.4% which is less than most other places in the metro area. The city with the highest households with public assistance in the area is Angoon which shows a households with public assistance of 42.9% (approximately 4.1 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Sitka and depicts it has a Gini Index of 37.8% which is the smallest when ranked by the gini index of all the other places in the surrounding region.

Sitka and Alaska 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 Sitka and 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.) Sitka and has the percentage of people who take public transportation to work less than most other places in the greater region at 17% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Sitka and or elsewhere.) Sitka and has one of the largest proportions of people who drove alone at 65% of the total and is ranked #2. The only larger city being Juneau and with 66%. Second, it has the second smallest when sorted by people who drove alone of all the other places in the area when sorted by people who walked at 14% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Sitka and has one of the largest proportions of people who leave for work between 12am to 5am at 3% of the total and is ranked #2. The only larger city being Juneau and with 4%. Second, it has the smallest proportion of people who leave for work between 730 am to 8am at 10% of the total. Third, it has the largest proportion of people who leave for work between 10am to 11am at 3% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 12noon to 4pm 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. Sitka and has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the area at 34% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 29% of the total and is ranked #2. The only larger city being Gustavus with 34%. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 13% of the total and is ranked #2. The only larger city being Juneau and with 22%. Also, it has the largest proportion of people with commute time between 30 to 34 minutes at 0% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 60 to 89 minutes at 1% of the total.

The average commute time is shown in Figure 37. Sitka and depicts it has a Avg Commute Time of 11 which is the second smallest in order of average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Sitka and shows average commute time in minutes for men 16.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Sitka and has the largest proportion of 1 vehicle available at 46% of the total and is ranked #1. Second, it has one of the largest proportions of 2 vehicles available at 15% of the total and is ranked #2. The only larger city being Juneau and with 17%. Third, it has one of the largest proportions of 4 vehicles available at 2% of the total and is ranked #3. Only #2 Juneau and (4%), and #1 Gustavus (22%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Sitka and indicates it has a Work in city or place where live of 95% which is less than most other places in the local area. The city with the highest people who both work and live in the same city in the area is Tenakee Springs which depicts a people who both work and live in the same city of 100% (only about 5.1% larger). Comparing people who both work and live in the same city to the United States average of 44%, Sitka and is about twice as large. Also, versus the state of Alaska, people who both work and live in the same city of 72%, Sitka and is 32.5% larger.

Sitka and 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. Sitka and shows it has the hightest median earnings of $86,000 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Sitka and depicts it has the hightest median earnings of $81,250 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Sitka and employment data in terms of job categories and salary data.

Sitka and 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. Sitka and depicts it has the hightest entrepreneurs of 66% for the self employed management, business, science, and arts businesses category.

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. Sitka and depicts it has the hightest entrepreneurs of 25% for the self employed in manufacturing grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Sitka and depicts it has a Self Employment Income of $36,787 which is the second smallest when sorted by average annual self employment income of all the other places in the local area. The city with the highest average annual self employment income in the area is Gustavus which shows an average annual self employment income of $75,215 (about twice as large). Comparing average annual self employment income to the United States average of $42,141, Sitka and is about 14.6% smaller. Also, in contrast to the state of Alaska, average annual self employment income of $38,150, Sitka and is only about 3.7% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Sitka and shows total number of self-employed men about twice as large as the total number of self-employed women.