Kenai Peninsula Borough, Alaska Income Statistics
Kenai Peninsula Borough Wealth Score
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.
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B
Kenai Peninsula Borough Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Kenai Peninsula Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $80,026 | $93,666 | $80,455 |
| Median Personal Income | $67,434 | $68,716 | $60,758 |
| Average Yearly Income Growth | 2.4% | 2.9% | 4.8% |
| Six-Figure Earners | 14.9% | 16.8% | 13.9% |
| $200k+ Households | 11.8% | 14.6% | 13.2% |
The median household income in Kenai Peninsula Borough is about 15% lower than in Alaska. Income has been growing slower in Kenai Peninsula Borough (2.4%/yr) than in Alaska (2.9%/yr).
About 15% of adults in Kenai Peninsula Borough earn six figures ($100,000 or more) a year, lower than the Alaska average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Kenai Peninsula Borough, Alaska grew by 42.1% from 2009 to 2024, reaching $80,026 in 2024. That's an average of about 2.4% per year.
Income Inequality and the Gender Pay Gap in Kenai Peninsula Borough
| Metric | Kenai Peninsula Borough | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.527 | 0.552 |
| Male Median Income | $83,069 | $76,032 | $69,667 |
| Female Median Income | $62,431 | $65,882 | $56,850 |
| Gender Pay Gap | 24.8% | 13.3% | 18.4% |
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 Kenai Peninsula Borough, it is 0.544, higher than Alaska's 0.527, so income is less evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 33% more than women's income in Kenai Peninsula Borough, Alaska. Over a 35-year career, a 33% wage gap accumulates to roughly $722,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kenai Peninsula Borough, Alaska has narrowed from about 33% to 25% in 2024. Over that period the gap was widest at 39% in 2011, and was narrowest at 18% in 2019. In dollar terms, the gap has widened by $2,499 since 2009.
Employment
| Metric | Kenai Peninsula Borough | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 5.5% | 5.2% |
| Working from Home | 10.6% | 9.7% | 15.0% |
| Commute time (minutes) | 16 | 16 | 22 |
Approximately 1,893 people are unemployed in Kenai Peninsula Borough, Alaska.
The average commute time in Kenai Peninsula Borough is 16 minutes, about the same as in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kenai Peninsula Borough, Alaska has fallen from 8.4% to 6.9% in 2024. Over that period the rate peaked at 9.7% in 2013 and fell as low as 6.9% in 2023.
Kenai Peninsula Borough, AK Wealth Compared With Nearby Counties
Kenai Peninsula Borough, AK is the 3rd largest of the 6 counties compared here, 60,577 residents against a local median of 12,771. The measure that sets Kenai Peninsula Borough, AK apart most is unemployment: 6.9%, 62% above the local median of 4.3%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 2.4%/yr against a local median of 3.0%/yr, 20% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Kenai Peninsula Borough, AK reads weaker than its neighbours on all of them. The counties themselves spread 7.4% on unemployment, so Kenai Peninsula Borough, AK sits at one end of an already wide local range rather than apart from it. Kenai Peninsula Borough, AK has the 5th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Kenai Peninsula Borough, AK | 60,577 | $80,026 #4/6 | 2.4%/yr #4/6 | 6.9% #5/6 | 0.544 #5/6 |
| Anchorage Municipality, AK | 288,818 | $103,263 | 3.0%/yr | 4.3% | 0.516 |
| Matanuska-Susitna Borough, AK | 112,982 | $94,435 | 3.2%/yr | 5.6% | 0.553 |
| Kodiak Island Borough, AK | 12,771 | $84,938 | 1.9%/yr | 4.3% | 0.505 |
| Denali Borough, AK | 1,969 | $79,112 | -0.9%/yr | 1.0% | 0.457 |
| Lake and Peninsula Borough, AK | 1,056 | $64,886 | 5.1%/yr | 8.4% | 0.522 |
Conclusion
Considering all these factors, Kenai Peninsula 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 Kenai Peninsula Borough, Alaska.
How Rich Is Kenai Peninsula Borough, Alaska?
Kenai Peninsula 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 $80,026, about 15% lower than the Alaska average of $93,666.
How has median household income changed in Kenai Peninsula Borough, Alaska?
Between 2009 and 2024, the median household income in Kenai Peninsula Borough, Alaska rose 42%, from $56,332 to $80,026. Over the same years, income here kept pace with Alaska as a whole: +42% against +43%.
What was the median household income in Kenai Peninsula Borough in 2023?
In 2023, the median household income in Kenai Peninsula Borough, Alaska was $77,084, up 1% from $76,373 in 2022. The Alaska median that year was $90,366.
What was the median household income in Kenai Peninsula Borough in 2020?
In 2020, the median household income in Kenai Peninsula Borough, Alaska was $69,373. By 2024 it had risen 15% to $80,026.
Is it hard to find a job in Kenai Peninsula Borough, Alaska?
Unemployment in Kenai Peninsula Borough, Alaska is 6.9%, well above the Alaska rate of 5.5%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Kenai Peninsula Borough, Alaska?
The Gini coefficient in Kenai Peninsula Borough is 0.544. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Kenai Peninsula Borough, Alaska?
Since 2009, the income gap between men and women in Kenai Peninsula Borough, Alaska has narrowed from about 33% to 25% in 2024. Over that period the gap was widest at 39% in 2011, and was narrowest at 18% in 2019. In dollar terms, the gap has widened by $2,499 since 2009.
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