Petersburg Borough, Alaska Income Statistics
Petersburg 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
Petersburg Borough Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Petersburg Borough | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,044 | $93,666 | $80,455 |
| Median Personal Income | $57,725 | $68,716 | $60,758 |
| Average Yearly Income Growth | 2.1% | 2.9% | 4.8% |
| Six-Figure Earners | 9.6% | 16.8% | 13.9% |
| $200k+ Households | 8.8% | 14.6% | 13.2% |
The median household income in Petersburg Borough is about 20% lower than in Alaska. Income has been growing slower in Petersburg Borough (2.1%/yr) than in Alaska (2.9%/yr).
About 10% of adults in Petersburg Borough earn six figures ($100,000 or more) a year, lower than the Alaska average of 17%.
Median Household Income 2010–2024 Trend
Median Household Income Over Time
Median household income in Petersburg Borough, Alaska grew by 14.0% from 2010 to 2024, reaching $75,044 in 2024. That's an average of about 2.1% per year.
Income Inequality and the Gender Pay Gap in Petersburg Borough
| Metric | Petersburg Borough | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.447 | 0.527 | 0.552 |
| Male Median Income | $54,608 | $76,032 | $69,667 |
| Female Median Income | $56,471 | $65,882 | $56,850 |
| Gender Pay Gap | -3.4% | 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 Petersburg Borough, it is 0.447, 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.
Women's income is about 3% more than men's income in Petersburg Borough, Alaska. Over a 35-year career, a 3% wage gap accumulates to roughly $65,205 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2010, the income gap between men and women in Petersburg Borough, Alaska has narrowed from about 35% to -3% in 2024. Over that period the gap was widest at 42% in 2013, and in 2022 women out-earned men by 16%. In dollar terms, the gap has narrowed by $21,172 since 2010.
Employment
| Metric | Petersburg Borough | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 5.5% | 5.2% |
| Working from Home | 6.5% | 9.7% | 15.0% |
| Commute time (minutes) | 6 | 16 | 22 |
Approximately 67 people are unemployed in Petersburg Borough, Alaska.
The average commute time in Petersburg Borough is 6 minutes, shorter than the 16 minutes in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Petersburg Borough, Alaska has fallen from 6.5% to 3.6% in 2024. Over that period the rate peaked at 8.6% in 2015.
Petersburg Borough, AK Wealth Compared With Nearby Counties
Petersburg Borough, AK is the 5th largest of the 6 counties compared here, 3,409 residents against a local median of 8,374. Where Petersburg Borough, AK breaks from the counties next to it is median household income, sitting 20% below the local median of $93,937 at $75,044. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 3.6% against a local median of 4.3%, 17% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while median household income runs behind it, so Petersburg Borough, AK is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread $41,007 on median household income, so Petersburg Borough, AK sits at one end of an already wide local range rather than apart from it. Petersburg Borough, AK has the 4th highest median household income 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. |
|---|---|---|---|---|---|
| Petersburg Borough, AK | 3,409 | $75,044 #4/6 | 2.1%/yr #5/6 | 3.6% #2/6 | 0.447 #1/6 |
| Wrangell City and Borough, AK | 2,096 | $63,100 | 2.4%/yr | 4.3% | 0.489 |
| Prince of Wales-Hyder Census Area, AK | 5,697 | $61,076 | 2.1%/yr | 7.6% | 0.508 |
| Juneau City and Borough, AK | 31,790 | $102,083 | 1.9%/yr | 3.9% | 0.495 |
| Sitka City and Borough, AK | 8,374 | $101,504 | 4.7%/yr | 6.3% | 0.471 |
| Ketchikan Gateway Borough, AK | 13,785 | $93,937 | 5.0%/yr | 3.0% | 0.502 |
Conclusion
Considering all these factors, Petersburg 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 Petersburg Borough, Alaska.
How Rich Is Petersburg Borough, Alaska?
Petersburg 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 $75,044, about 20% lower than the Alaska average of $93,666.
How has median household income changed in Petersburg Borough, Alaska?
Between 2010 and 2024, the median household income in Petersburg Borough, Alaska rose 14%, from $65,849 to $75,044. Over the same years, income here lagged behind Alaska as a whole: +14% against +40%.
What was the median household income in Petersburg Borough in 2023?
In 2023, the median household income in Petersburg Borough, Alaska was $77,499, up 2% from $75,667 in 2022. The Alaska median that year was $90,366.
What was the median household income in Petersburg Borough in 2020?
In 2020, the median household income in Petersburg Borough, Alaska was $65,886. By 2024 it had risen 14% to $75,044.
How strong is the job market in Petersburg Borough, Alaska?
Unemployment in Petersburg Borough, Alaska is only 3.6%, 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 Petersburg Borough, Alaska?
The Gini coefficient in Petersburg Borough is 0.447. 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 Petersburg Borough, Alaska?
Since 2010, the income gap between men and women in Petersburg Borough, Alaska has narrowed from about 35% to -3% in 2024. Over that period the gap was widest at 42% in 2013, and in 2022 women out-earned men by 16%. In dollar terms, the gap has narrowed by $21,172 since 2010.
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