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 | Copper River Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,151 | $90,338 | $78,145 |
| Median Personal Income | $72,280 | $69,250 | $61,726 |
| Average income growth | 7.3% | 2.8% | 5.1% |
| Six-Figure Earners | 14.0% | 15.9% | 13.2% |
The median household income in Copper River Census Area is about 17% lower than in Alaska. Income has been growing faster in Copper River Census Area (7.3%/yr) than in Alaska (2.8%/yr).
About 14% of adults in Copper River Census Area 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 Copper River Census Area, Alaska grew by 66.1% from 2009 to 2023, reaching $75,151 in 2023. That's an average of about 7.3% per year.
Economic Inequality in Copper River Census Area | Gender Pay Gap | Gini Coefficient
| Metric | Copper River Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.540 | 0.570 |
| Male Median Income | $72,269 | $73,954 | $67,746 |
| Female Median Income | $72,353 | $63,633 | $54,793 |
| Gender Pay Gap | -0.1% | 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 Copper River Census Area, it is 0.557, higher than Alaska's 0.540, so income is less 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 0% more than men's income in Copper River Census Area, Alaska.
Income by Sex Over Time
Since 2009, the income gap between men and women in Copper River Census Area, Alaska has narrowed from about 43% to -0% in 2023. In dollar terms, the gap has narrowed by $26,756 since 2009.
Employment
| Metric | Copper River Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.5% | 5.4% | 5.2% |
| Working from Home | 13.9% | 8.8% | 13.4% |
| Commute time (minutes) | 11 | 16 | 22 |
Approximately 87 people are unemployed in Copper River Census Area, Alaska.
The average commute time in Copper River Census Area is 11 minutes, shorter than the 16 minutes in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Copper River Census Area, Alaska has fallen from 16.2% to 7.5% in 2023.
Conclusion
Considering all these factors, Copper River Census Area, 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 Copper River Census Area, Alaska.
How Rich Is Copper River Census Area, Alaska?
Copper River Census Area 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 $75,151, about 17% lower than the Alaska average of $90,338.
What is the current median household income in Copper River Census Area, Alaska?
As of 2023, the median household income in Copper River Census Area, Alaska is $75,151.
What was the median household income in Copper River Census Area in 2023?
In 2023, the median household income in Copper River Census Area, Alaska was $75,151.
What was the median household income in Copper River Census Area in 2020?
In 2020, the median household income in Copper River Census Area, Alaska was $67,224.
What is the Gini coefficient in Copper River Census Area, Alaska?
The Gini coefficient in Copper River Census Area is 0.557. 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 Copper River Census Area, Alaska?
Since 2009, the income gap between men and women in Copper River Census Area, Alaska has narrowed from about 43% to -0% in 2023. In dollar terms, the gap has narrowed by $26,756 since 2009.