Wealth Index
Wealthier than 79% of counties in Alaska
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 | Denali Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,601 | $90,338 | $78,145 |
| Median Personal Income | $92,187 | $69,250 | $61,726 |
| Average income growth | 0.0% | 2.8% | 5.1% |
| Six-Figure Earners | 28.3% | 15.9% | 13.2% |
The median household income in Denali Borough is about 5% lower than in Alaska. Income has been growing slower in Denali Borough (0.0%/yr) than in Alaska (2.8%/yr).
About 28% of adults in Denali Borough earn six figures ($100,000 or more) a year, higher than the Alaska average of 16%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Denali Borough, Alaska grew by 12.1% from 2009 to 2023, reaching $85,601 in 2023. That's an average of about 0.0% per year.
Economic Inequality in Denali Borough | Gender Pay Gap | Gini Coefficient
| Metric | Denali Borough | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.540 | 0.570 |
| Male Median Income | $111,486 | $73,954 | $67,746 |
| Female Median Income | $64,199 | $63,633 | $54,793 |
| Gender Pay Gap | 42.4% | 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 Denali Borough, it is 0.536, about the same as Alaska's 0.540, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 74% more than women's income in Denali Borough, Alaska. Over a 35-year career, a 74% wage gap accumulates to roughly $1,655,045 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Denali Borough, Alaska has widened from about 34% to 42% in 2023. In dollar terms, the gap has widened by $20,359 since 2009.
Employment
| Metric | Denali Borough | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.2% | 5.4% | 5.2% |
| Working from Home | 5.2% | 8.8% | 13.4% |
| Commute time (minutes) | 11 | 16 | 22 |
Approximately 17 people are unemployed in Denali Borough, Alaska.
The average commute time in Denali Borough is 11 minutes, shorter than the 16 minutes in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Denali Borough, Alaska has fallen from 2.5% to 1.2% in 2023.
Conclusion
Considering all these factors, Denali Borough, Alaska has an overall wealth index grade of B, making it somewhat better than Alaska, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Denali Borough, Alaska.
How Rich Is Denali Borough, Alaska?
Denali 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 $85,601, about 5% lower than the Alaska average of $90,338.
What is the current median household income in Denali Borough, Alaska?
As of 2023, the median household income in Denali Borough, Alaska is $85,601.
What was the median household income in Denali Borough in 2023?
In 2023, the median household income in Denali Borough, Alaska was $85,601.
What was the median household income in Denali Borough in 2020?
In 2020, the median household income in Denali Borough, Alaska was $77,778.
What is the Gini coefficient in Denali Borough, Alaska?
The Gini coefficient in Denali Borough is 0.536. 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 Denali Borough, Alaska?
Since 2009, the income gap between men and women in Denali Borough, Alaska has widened from about 34% to 42% in 2023. In dollar terms, the gap has widened by $20,359 since 2009.