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 | Matanuska-Susitna Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $90,890 | $90,338 | $78,145 |
| Median Personal Income | $70,746 | $69,250 | $61,726 |
| Average income growth | 3.1% | 2.8% | 5.1% |
| Six-Figure Earners | 14.9% | 15.9% | 13.2% |
The median household income in Matanuska-Susitna Borough is about 1% higher than in Alaska. Income has been growing faster in Matanuska-Susitna Borough (3.1%/yr) than in Alaska (2.8%/yr).
About 15% of adults in Matanuska-Susitna Borough 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 Matanuska-Susitna Borough, Alaska grew by 37.0% from 2009 to 2023, reaching $90,890 in 2023. That's an average of about 3.1% per year.
Economic Inequality in Matanuska-Susitna Borough | Gender Pay Gap | Gini Coefficient
| Metric | Matanuska-Susitna Borough | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.579 | 0.540 | 0.570 |
| Male Median Income | $79,004 | $73,954 | $67,746 |
| Female Median Income | $61,446 | $63,633 | $54,793 |
| Gender Pay Gap | 22.2% | 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 Matanuska-Susitna Borough, it is 0.579, higher than Alaska's 0.540, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 29% more than women's income in Matanuska-Susitna Borough, Alaska. Over a 35-year career, a 29% wage gap accumulates to roughly $614,530 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Matanuska-Susitna Borough, Alaska has narrowed from about 27% to 22% in 2023. In dollar terms, the gap has widened by $2,571 since 2009.
Employment
| Metric | Matanuska-Susitna Borough | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 5.4% | 5.2% |
| Working from Home | 10.6% | 8.8% | 13.4% |
| Commute time (minutes) | 23 | 16 | 22 |
Approximately 3,024 people are unemployed in Matanuska-Susitna Borough, Alaska.
The average commute time in Matanuska-Susitna Borough is 23 minutes, longer than the 16 minutes in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Matanuska-Susitna Borough, Alaska has fallen from 9.5% to 5.9% in 2023.
Conclusion
Considering all these factors, Matanuska-Susitna 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 Matanuska-Susitna Borough, Alaska.
How Rich Is Matanuska-Susitna Borough, Alaska?
Matanuska-Susitna 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 $90,890, about 1% higher than the Alaska average of $90,338.
What is the current median household income in Matanuska-Susitna Borough, Alaska?
As of 2023, the median household income in Matanuska-Susitna Borough, Alaska is $90,890.
What was the median household income in Matanuska-Susitna Borough in 2023?
In 2023, the median household income in Matanuska-Susitna Borough, Alaska was $90,890.
What was the median household income in Matanuska-Susitna Borough in 2020?
In 2020, the median household income in Matanuska-Susitna Borough, Alaska was $76,127.
What is the Gini coefficient in Matanuska-Susitna Borough, Alaska?
The Gini coefficient in Matanuska-Susitna Borough is 0.579. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Matanuska-Susitna Borough, Alaska?
Since 2009, the income gap between men and women in Matanuska-Susitna Borough, Alaska has narrowed from about 27% to 22% in 2023. In dollar terms, the gap has widened by $2,571 since 2009.