Kodiak Island Borough, Alaska Income Statistics
Kodiak Island 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.
-
B
Kodiak Island Borough Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Kodiak Island Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,938 | $93,666 | $80,455 |
| Median Personal Income | $54,166 | $68,716 | $60,758 |
| Average Yearly Income Growth | 1.9% | 2.9% | 4.8% |
| Six-Figure Earners | 17.1% | 16.8% | 13.9% |
| $200k+ Households | 10.2% | 14.6% | 13.2% |
The median household income in Kodiak Island Borough is about 9% lower than in Alaska. Income has been growing slower in Kodiak Island Borough (1.9%/yr) than in Alaska (2.9%/yr).
About 17% of adults in Kodiak Island Borough earn six figures ($100,000 or more) a year, about the same as the Alaska average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Kodiak Island Borough, Alaska grew by 42.9% from 2009 to 2024, reaching $84,938 in 2024. That's an average of about 1.9% per year.
Income Inequality and the Gender Pay Gap in Kodiak Island Borough
| Metric | Kodiak Island Borough | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.527 | 0.552 |
| Male Median Income | $59,515 | $76,032 | $69,667 |
| Female Median Income | $54,800 | $65,882 | $56,850 |
| Gender Pay Gap | 7.9% | 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 Kodiak Island Borough, it is 0.505, lower than Alaska's 0.527, so income is more 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 9% more than women's income in Kodiak Island Borough, Alaska. Over a 35-year career, a 9% wage gap accumulates to roughly $165,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kodiak Island Borough, Alaska has narrowed from about 30% to 8% in 2024. Over that period the gap was widest at 31% in 2010. In dollar terms, the gap has narrowed by $8,720 since 2009.
Employment
| Metric | Kodiak Island Borough | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 5.5% | 5.2% |
| Working from Home | 4.8% | 9.7% | 15.0% |
| Commute time (minutes) | 8 | 16 | 22 |
Approximately 314 people are unemployed in Kodiak Island Borough, Alaska.
The average commute time in Kodiak Island Borough is 8 minutes, shorter than the 16 minutes in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kodiak Island Borough, Alaska has fallen from 6.5% to 4.3% in 2024. Over that period the rate fell as low as 3.3% in 2016.
Kodiak Island Borough, AK Wealth Compared With Nearby Counties
Kodiak Island Borough, AK is the 3rd largest of the 6 counties compared here, 12,771 residents against a local median of 4,728. Where Kodiak Island Borough, AK breaks from the counties next to it is unemployment, sitting 38% below the local median of 6.9% at 4.3%. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 1.9%/yr against a local median of 3.0%/yr, 38% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Kodiak Island Borough, AK is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 6.3% on unemployment, so Kodiak Island Borough, AK sits at one end of an already wide local range rather than apart from it. Kodiak Island Borough, AK has the 2nd 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. |
|---|---|---|---|---|---|
| Kodiak Island Borough, AK | 12,771 | $84,938 #3/6 | 1.9%/yr #5/6 | 4.3% #2/6 | 0.505 #2/6 |
| Lake and Peninsula Borough, AK | 1,056 | $64,886 | 5.1%/yr | 8.4% | 0.522 |
| Kenai Peninsula Borough, AK | 60,577 | $80,026 | 2.4%/yr | 6.9% | 0.544 |
| Bristol Bay Borough, AK | 875 | $93,494 | 1.6%/yr | 4.3% | 0.483 |
| Dillingham Census Area, AK | 4,728 | $77,852 | 4.3%/yr | 10.5% | 0.565 |
| Anchorage Municipality, AK | 288,818 | $103,263 | 3.0%/yr | 4.3% | 0.516 |
Conclusion
Considering all these factors, Kodiak Island 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 Kodiak Island Borough, Alaska.
How Rich Is Kodiak Island Borough, Alaska?
Kodiak Island 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 $84,938, about 9% lower than the Alaska average of $93,666.
Are incomes growing in Kodiak Island Borough, Alaska?
Between 2009 and 2024, the median household income in Kodiak Island Borough, Alaska rose 43%, from $59,446 to $84,938. Over the same years, income here kept pace with Alaska as a whole: +43% against +43%.
What was the median household income in Kodiak Island Borough in 2023?
In 2023, the median household income in Kodiak Island Borough, Alaska was $83,559, down 9% from $91,768 in 2022. The Alaska median that year was $90,366.
What was the median household income in Kodiak Island Borough in 2020?
In 2020, the median household income in Kodiak Island Borough, Alaska was $80,160. By 2024 it had risen 6% to $84,938.
How strong is the job market in Kodiak Island Borough, Alaska?
Unemployment in Kodiak Island Borough, Alaska is only 4.3%, well below the Alaska rate of 5.5%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Kodiak Island Borough, Alaska?
The Gini coefficient in Kodiak Island Borough is 0.505. 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 Kodiak Island Borough, Alaska?
Since 2009, the income gap between men and women in Kodiak Island Borough, Alaska has narrowed from about 30% to 8% in 2024. Over that period the gap was widest at 31% in 2010. In dollar terms, the gap has narrowed by $8,720 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →