Southeast Fairbanks Census Area Income Charts

This section shows the Southeast Fairbanks Census Area Alaska economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Southeast Fairbanks Census Area depicts it has a Median earnings of $62,946 which is the third most of all other counties in the metro area. The county with the highest median earnings per worker in the area is Yakutat City and Borough which shows a median earnings of $68,646 (9.1% larger). Comparing median earnings per worker to the United States average of $53,269, Southeast Fairbanks Census Area is 18.2% larger. Also, in contrast to the state of Alaska, median earnings per worker of $60,695, Southeast Fairbanks Census Area is only about 3.7% 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 $68,634 which is the second smallest as measured by median household income of all the other counties in the greater region. The county with the highest median household income in the area is Anchorage Municipality which depicts a median income of $88,871 (29.5% larger). Comparing median household income to the United States average of $69,021, Southeast Fairbanks Census Area is about the same size. Also, in comparison with the state of Alaska, median household income of $80,287, Southeast Fairbanks Census Area is about 17.0% smaller.

The next section examines a variety of different income statistics for the Southeast Fairbanks Census Area 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 5.4% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 23.6% of the total. Third, it has the largest proportion of earnings between $75,000 and $99,999 at 16.2% 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 43.4 which is the third most average hours of all other counties in the greater Southeast Fairbanks Census Area region. The county with the highest average hours in the area is Yakutat City and Borough which depicts an average hours of 47.2 (8.8% 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 $27.89 which is in the center range of other counties in the metro area. The county with the highest average hourly earnings in the area is Anchorage Municipality which depicts an average hourly earnings of $29.85 (7.0% larger). Comparing average hourly earnings to the United States average of $26.40, Southeast Fairbanks Census Area is only about 5.6% larger. Also, benchmarked against the state of Alaska, average hourly earnings of $28.26, Southeast Fairbanks Census Area is about the same size.

Figure 7 examines the number of self employed people in the Southeast Fairbanks Census Area metro area based on the number of people who reported any self employment income. Southeast Fairbanks Census Area shows it has a Self Employed of 11.2% which is the smallest as measured by percentage of people self employed of all the other counties in the metro area. The county with the highest percentage of people self employed in the area is Yakutat City and Borough which depicts a percentage self employed of 52.8% (approximately 4.7 times bigger).

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 greater region at $76,270 of the total. Second, it has the second smallest when ranked by median income for those under 25 years of age of all the other counties in the greater region when ranked by median income-25 to 44 years at $72,885 of the total. Third, it has less than most other counties in the local area when sorted by median income-45 to 64 years at $48,438 of the total.

Figure 9 breaks down the source of income and Southeast Fairbanks Census Area has the largest proportion of self employment income at 18.9% 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 23.6% which is the third most households with retirement income of all other counties in the greater Southeast Fairbanks Census Area region. 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% (43.3% 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 the second smallest when ranked by overall family income of all the other counties in the greater region at $91,343 of the total. Second, it has the smallest proportion of black family income at $33,500 of the total. Third, it has in the middle range of other counties in the metro area in terms of hawaiian family income at $61,594 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. Southeast Fairbanks Census Area depicts it has the hightest cost of 193.1 for the cost of utilities grouping.

Southeast Fairbanks 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 February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 15.1% to 8.8% in February 2020. This represents a decrease in the monthly unemployment rate of 41.7%. Since that time, the monthly unemployment rate has gone to 4.3% This represents a decrease in the monthly unemployment rate of 51.1%. 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 3,143 to 2,853 in March 2020. This represents a decrease in the monthly labor force participation of 9.2%. Since that time, the monthly labor force participation has gone to 3,326 This represents an increase in the monthly labor force participation of 16.6%.

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 Southeast Fairbanks Census Area shows it has a Unemployment Rate of 5.8% which is the second most unemployment rate of all the counties in the greater Southeast Fairbanks Census Area region. The county with the highest unemployment rate in the area is Yukon-Koyukuk Census Area which depicts a rate of 8.3% (43.8% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Southeast Fairbanks Census Area depicts it has a Labor Force Participation of 58.4% which is the second smallest in terms of participation rate of all the other counties in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Southeast Fairbanks Census Area depicts full time employees approximately 3.6 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 Southeast Fairbanks Census Area area. Southeast Fairbanks Census Area shows it has a Single Earner Families of 27.5% which is the third most families with a single earner of all other counties in the greater Southeast Fairbanks Census Area region. The county with the highest families with a single earner in the area is Fairbanks North Star Borough which depicts a single earners rate of 30.7% (11.7% larger). The percentage of families with no one working is depicted in Figure 22. Southeast Fairbanks Census Area depicts it has a Families with No One Working of 21.4% which is ranked #1 of all counties in the greater Southeast Fairbanks Census Area region.

Southeast Fairbanks Census Area Poverty Charts

The next section details economy analysis about poverty for residents of the Southeast Fairbanks 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. Southeast Fairbanks Census Area depicts it has a Total In Poverty of 773 which is less than most other counties in the greater region. The county with the highest total people earning less than the poverty level in the area is Anchorage Municipality which shows a total people earning less than the poverty level of 26,182 ( markedly bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Southeast Fairbanks Census Area depicts it has a Percent of Population In Poverty of 11.4% which is in the middle range of other counties in the greater region. The county with the highest percent of people earning less than the poverty level in the area is Yukon-Koyukuk Census Area which depicts a percent of people in poverty of 23.2% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Southeast Fairbanks Census Area has the largest proportion of person in poverty under 12 years at 15% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 12 to 17 years at 13% of the total. Third, it has one of the largest proportions of person in poverty 18 to 34 years at 28% of the total and is ranked #2. The only larger county being Yakutat City and Borough with 34%.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Southeast Fairbanks Census Area has the largest proportion of black poverty rate at 27% of the total and is ranked #1. Second, it has one of the largest proportions of hawaiian poverty rate at 14% of the total and is ranked #3. Only #2 Kenai Peninsula Borough (14%), and #1 Yukon-Koyukuk Census Area (17%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Southeast Fairbanks Census Area has one of the largest proportions of married with children and in poverty at 37% of the total and is ranked #3. Only #2 Kenai Peninsula Borough (37%), and #1 Yukon-Koyukuk Census Area (46%) are larger. Second, it has one of the largest proportions of unmarried with children and in poverty at 40% of the total and is ranked #3. Only #2 Kenai Peninsula Borough (42%), and #1 Yukon-Koyukuk Census Area (47%) are larger. Third, it has one of the largest proportions of unmarried female with children and in poverty at 30% of the total and is ranked #2. The only larger county being Yukon-Koyukuk Census Area with 41%. 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.) Southeast Fairbanks Census Area depicts it has a Public Assistance Percent of 8.3% which is the second smallest when sorted by households with public assistance of all the other counties in the area. The county with the highest households with public assistance in the area is Yukon-Koyukuk Census Area which depicts a households with public assistance of 34.5% (approximately 4.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Southeast Fairbanks Census Area depicts it has a Gini Index of 43.2% which is the third most of all other counties in the surrounding region.

Southeast Fairbanks Census Area 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 Southeast Fairbanks Census Area 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.) Southeast Fairbanks Census Area has the percentage of people who take public transportation to work in the center range of other counties in the metropolitan area at 8% of the total. Second, it has the largest proportion of people who bicycle or walk to work at 10% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Southeast Fairbanks Census Area or elsewhere.) Southeast Fairbanks Census Area has the percentage of people who drove alone in the mid range of other counties in the metro area at 66% of the total. Second, it has in the middle range of other counties in the local area as measured by people who walked at 8% of the total. Third, it has the largest proportion of people who work from home at 10% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Southeast Fairbanks Census Area has the largest proportion of people who leave for work between 12am to 5am at 7% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 11am to 12noon at 6% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Southeast Fairbanks Census Area has the percentage of people with commute time of less than 5 minutesutes in the mid range of other counties in the local area at 22% of the total.

The average commute time is shown in Figure 37. Southeast Fairbanks Census Area shows it has a Avg Commute Time of 16 which is in the center range of other counties in the local area. Figure 38 shows the difference between male versus female commuting time. Southeast Fairbanks Census Area shows average commute time in minutes for men 55.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Southeast Fairbanks Census Area has the percentage of 1 vehicle available in the mid range of other counties in the metropolitan area at 35% of the total. Second, it has the largest proportion of 2 vehicles available at 24% 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.) Southeast Fairbanks Census Area depicts it has a Work in city or place where live of 38% which is less than most other counties in the local area. The county with the highest people who both work and live in the same city in the area is Yakutat City and Borough which shows a people who both work and live in the same city of 97% (approximately 2.6 times bigger). Comparing people who both work and live in the same city to the United States average of 44%, Southeast Fairbanks Census Area is about 15.6% smaller. Also, in contrast to the state of Alaska, people who both work and live in the same city of 72%, Southeast Fairbanks Census Area is approximately half the size.

Southeast Fairbanks 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. Southeast Fairbanks Census Area depicts it has the hightest median earnings of $112,821 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Southeast Fairbanks Census Area depicts it has the hightest median earnings of $93,500 for the earnings-computer, engineering, and science occupations classification. The table in Figure 48, shows Southeast Fairbanks Census Area employment data in terms of job categories and salary data.

Southeast Fairbanks 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. Southeast Fairbanks Census Area depicts it has the hightest entrepreneurs of 32% for the self employed in sales and office related businesses aggregate.

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. Southeast Fairbanks Census Area shows it has the hightest entrepreneurs of 34% for the self employed in arts, entertainment, recreation, accommodation and food services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Southeast Fairbanks Census Area depicts it has a Self Employment Income of $54,795 which is is the uppermost of the counties in the greater Southeast Fairbanks Census Area region. Comparing average annual self employment income to the United States average of $42,141, Southeast Fairbanks Census Area is 30.0% larger. Also, in contrast to the state of Alaska, average annual self employment income of $38,150, Southeast Fairbanks Census Area is 43.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Southeast Fairbanks Census Area indicates total number of self-employed men approximately 2.9 times bigger as the total number of self-employed women.