Income

Household Income (HHI)

Median HHI - $90,509

With a Median Household Income of $90,509 the Alaska, AK Market ranks 21st across STI Markets.

Average HHI - $114,818

The Average Household Income is $114,818 for which this market ranks 26th.

Income Distribution

Figure 38: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Alaska, AK market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 39: Income Distribution Line

Income Inequality - Moderate

The distribution of Household Income in the Alaska, AK market can be considered Moderate with a Gini coefficient of 0.423. This market ranks 155th in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $89,080 and $121,050, respectively.

Figure 40: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 41: Income Distribution Line

HHI Age under 25 - $70,503

With an Average Household Income for those head of householders aged under 25 of $70,503 the Alaska, AK market ranks 23rd across STI Markets.

Figure 42: HHI 00to25 Thematic

HHI Age 25 to 45 - $119,989

With an Average Household Income for those head of householders aged 25 to 45 of $119,989 the Alaska, AK market ranks 25th across STI Markets.

Figure 43: HHI 25to45 Thematic

HHI Age 45 to 65 - $127,255

With an Average Household Income for those head of householders aged 45 to 65 of $127,255 the Alaska, AK market ranks 28th across STI Markets.

Figure 44: HHI 45to65 Thematic

HHI Age 65 plus - $94,725

With an Average Household Income for those head of householders aged 65 and over of $94,725 the Alaska, AK market ranks 24th across STI Markets.

Figure 45: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 46: Income Distribution Line

HHI White - $121,049

With an Average Household Income for those head of householders Non-Hispanic White of $121,049 the Alaska, AK market ranks 29th across STI Markets.

Figure 47: HHI white Thematic

HHI Black - $101,699

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $101,699 the Alaska, AK market ranks 13th across STI Markets.

Figure 48: HHI black Thematic

HHI Asian - $117,427

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $117,427 the Alaska, AK market ranks 54th across STI Markets.

Figure 49: HHI asian Thematic

HHI Other - $98,203

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $98,203 the Alaska, AK market ranks 43rd across STI Markets.

Figure 50: HHI other Thematic

HHI Hispanic - $107,688

With an Average Household Income for those head of householders identifying as Hispanic of $107,688 the Alaska, AK market ranks 20th across STI Markets.

Figure 51: HHI hispanic Thematic

Disposible Income - $92,586

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $92,586 which ranks 19th across STI Markets.

This is a drop of $22,232, or 19.36%, overall this percentage drop ranks 130th across STI Markets.

Figure 52: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $64,168

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $64,168 which ranks 20th across STI Markets.

This is a drop of $50,650, or 44.11%, overall this percentage drop ranks 56th across STI Markets.

Figure 53: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing