Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Aleutians East Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,096 | $90,338 | $78,145 |
| Median Personal Income | $56,864 | $69,250 | $61,726 |
| Average income growth | 1.6% | 2.8% | 5.1% |
| Six-Figure Earners | 10.8% | 15.9% | 13.2% |
The median household income in Aleutians East Borough is about 20% lower than in Alaska. Income has been growing slower in Aleutians East Borough (1.6%/yr) than in Alaska (2.8%/yr).
About 11% of adults in Aleutians East Borough earn six figures ($100,000 or more) a year, lower than the Alaska average of 16%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Aleutians East Borough, Alaska grew by 26.5% from 2009 to 2023, reaching $72,096 in 2023. That's an average of about 1.6% per year.
Economic Inequality in Aleutians East Borough | Gender Pay Gap | Gini Coefficient
| Metric | Aleutians East Borough | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.481 | 0.540 | 0.570 |
| Male Median Income | $56,095 | $73,954 | $67,746 |
| Female Median Income | $60,483 | $63,633 | $54,793 |
| Gender Pay Gap | -7.8% | 14.0% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Aleutians East Borough, it is 0.481, lower than Alaska's 0.540, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Women's income is about 8% more than men's income in Aleutians East Borough, Alaska. Over a 35-year career, a 8% wage gap accumulates to roughly $153,580 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Aleutians East Borough, Alaska has widened from about -6% to -8% in 2023. In dollar terms, the gap has narrowed by $2,842 since 2009.
Employment
| Metric | Aleutians East Borough | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.4% | 5.2% |
| Working from Home | 9.4% | 8.8% | 13.4% |
| Commute time (minutes) | 6 | 16 | 22 |
Approximately 92 people are unemployed in Aleutians East Borough, Alaska.
The average commute time in Aleutians East Borough is 6 minutes, shorter than the 16 minutes in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Aleutians East Borough, Alaska has fallen from 5.8% to 3.8% in 2023.
Conclusion
Considering all these factors, Aleutians East Borough, Alaska has an overall wealth index grade of B, making it about on par with Alaska, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Aleutians East Borough, Alaska.
How Wealthy Is Aleutians East Borough, Alaska?
Aleutians East Borough has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $72,096, about 20% lower than the Alaska average of $90,338.
What is the current median household income in Aleutians East Borough, Alaska?
As of 2023, the median household income in Aleutians East Borough, Alaska is $72,096.
What was the median household income in Aleutians East Borough in 2023?
In 2023, the median household income in Aleutians East Borough, Alaska was $72,096.
What was the median household income in Aleutians East Borough in 2020?
In 2020, the median household income in Aleutians East Borough, Alaska was $76,250.
What is the Gini coefficient in Aleutians East Borough, Alaska?
The Gini coefficient in Aleutians East Borough is 0.481. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Aleutians East Borough, Alaska?
Since 2009, the income gap between men and women in Aleutians East Borough, Alaska has widened from about -6% to -8% in 2023. In dollar terms, the gap has narrowed by $2,842 since 2009.