Lake and Peninsula Borough, Alaska Income Statistics
Lake and 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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C
Lake and Peninsula Borough Below averageLess wealthy than 83% of counties in Alaska
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lake and Peninsula Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,886 | $93,666 | $80,455 |
| Median Personal Income | $74,347 | $68,716 | $60,758 |
| Average Yearly Income Growth | 5.1% | 2.9% | 4.8% |
| Six-Figure Earners | 21.9% | 16.8% | 13.9% |
| $200k+ Households | 7.4% | 14.6% | 13.2% |
The median household income in Lake and Peninsula Borough is about 31% lower than in Alaska. Income has been growing faster in Lake and Peninsula Borough (5.1%/yr) than in Alaska (2.9%/yr).
About 22% of adults in Lake and Peninsula Borough earn six figures ($100,000 or more) a year, higher than the Alaska average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lake and Peninsula Borough, Alaska grew by 56.0% from 2009 to 2024, reaching $64,886 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Lake and Peninsula Borough
| Metric | Lake and Peninsula Borough | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.527 | 0.552 |
| Male Median Income | $109,946 | $76,032 | $69,667 |
| Female Median Income | $74,748 | $65,882 | $56,850 |
| Gender Pay Gap | 32.0% | 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 Lake and Peninsula Borough, it is 0.522, about the same as Alaska's 0.527, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 47% more than women's income in Lake and Peninsula Borough, Alaska. Over a 35-year career, a 47% wage gap accumulates to roughly $1,231,930 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lake and Peninsula Borough, Alaska has narrowed from about 33% to 32% in 2024. Over that period the gap was widest at 41% in 2012, and was narrowest at 30% in 2014. In dollar terms, the gap has widened by $16,520 since 2009.
Employment
| Metric | Lake and Peninsula Borough | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.4% | 5.5% | 5.2% |
| Working from Home | 8.1% | 9.7% | 15.0% |
| Commute time (minutes) | 7 | 16 | 22 |
Approximately 55 people are unemployed in Lake and Peninsula Borough, Alaska.
The average commute time in Lake and Peninsula Borough is 7 minutes, shorter than the 16 minutes in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lake and Peninsula Borough, Alaska has fallen from 10.1% to 8.4% in 2024. Over that period the rate peaked at 18.2% in 2020.
Lake and Peninsula Borough, AK Wealth Compared With Nearby Counties
Lake and Peninsula Borough, AK is the 5th largest of the 6 counties compared here, 1,056 residents against a local median of 12,771. The measure that sets Lake and Peninsula Borough, AK apart most is income growth: 5.1%/yr, 112% above the local median of 2.4%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 8.4% against a local median of 6.9%, 21% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Lake and Peninsula Borough, AK is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 2.8%/yr on income growth, so Lake and Peninsula Borough, AK sits at one end of an already wide local range rather than apart from it. Lake and Peninsula Borough, AK has the highest income growth 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. |
|---|---|---|---|---|---|
| Lake and Peninsula Borough, AK | 1,056 | $64,886 #6/6 | 5.1%/yr #1/6 | 8.4% #4/6 | 0.522 #3/6 |
| 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 |
| Kodiak Island Borough, AK | 12,771 | $84,938 | 1.9%/yr | 4.3% | 0.505 |
| Bethel Census Area, AK | 18,392 | $73,309 | 4.1%/yr | 15.8% | 0.610 |
| Kenai Peninsula Borough, AK | 60,577 | $80,026 | 2.4%/yr | 6.9% | 0.544 |
Conclusion
Considering all these factors, Lake and Peninsula Borough, Alaska has an overall wealth index grade of C, making it somewhat worse than Alaska, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lake and Peninsula Borough, Alaska.
How Rich Is Lake and Peninsula Borough, Alaska?
Lake and Peninsula Borough has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $64,886, about 31% lower than the Alaska average of $93,666.
Are incomes growing in Lake and Peninsula Borough, Alaska?
Between 2009 and 2024, the median household income in Lake and Peninsula Borough, Alaska rose 56%, from $41,600 to $64,886. Over the same years, income here outpaced Alaska as a whole: +56% against +43%.
What was the median household income in Lake and Peninsula Borough in 2023?
In 2023, the median household income in Lake and Peninsula Borough, Alaska was $63,482, about the same as in 2022. The Alaska median that year was $90,366.
What was the median household income in Lake and Peninsula Borough in 2020?
In 2020, the median household income in Lake and Peninsula Borough, Alaska was $48,851. By 2024 it had risen 33% to $64,886.
How many people earn six figures in Lake and Peninsula Borough, Alaska?
Yes. 22% of adults in Lake and Peninsula Borough, Alaska earn $100,000 or more a year (about 1 in 5), against 17% (about 1 in 6) in Alaska. 7% of households have a combined income of $200,000 or more, compared with 15% in Alaska.
How strong is the job market in Lake and Peninsula Borough, Alaska?
Unemployment in Lake and Peninsula Borough, Alaska is 8.4%, well above the Alaska rate of 5.5%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Lake and Peninsula Borough, Alaska?
The Gini coefficient in Lake and Peninsula Borough is 0.522. 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 Lake and Peninsula Borough, Alaska?
Since 2009, the income gap between men and women in Lake and Peninsula Borough, Alaska has narrowed from about 33% to 32% in 2024. Over that period the gap was widest at 41% in 2012, and was narrowest at 30% in 2014. In dollar terms, the gap has widened by $16,520 since 2009.
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