Prince of Wales-Hyder Census Area, Alaska Income Statistics
Prince of Wales-Hyder Census Area 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
Prince of Wales-Hyder Census Area Below averageLess wealthy than 79% of counties in Alaska
Source: Map AI Methodology
Income Statistics Overview
| Metric | Prince of Wales-Hyder Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,076 | $93,666 | $80,455 |
| Median Personal Income | $57,907 | $68,716 | $60,758 |
| Average Yearly Income Growth | 2.1% | 2.9% | 4.8% |
| Six-Figure Earners | 8.6% | 16.8% | 13.9% |
| $200k+ Households | 4.7% | 14.6% | 13.2% |
The median household income in Prince of Wales-Hyder Census Area is about 35% lower than in Alaska. Income has been growing slower in Prince of Wales-Hyder Census Area (2.1%/yr) than in Alaska (2.9%/yr).
About 9% of adults in Prince of Wales-Hyder Census Area 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 Prince of Wales-Hyder Census Area, Alaska fell by 14.1% from 2009 to 2024, reaching $61,076 in 2024. That's an average of about 2.1% per year.
Income Inequality and the Gender Pay Gap in Prince of Wales-Hyder Census Area
| Metric | Prince of Wales-Hyder Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.508 | 0.527 | 0.552 |
| Male Median Income | $66,391 | $76,032 | $69,667 |
| Female Median Income | $56,444 | $65,882 | $56,850 |
| Gender Pay Gap | 15.0% | 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 Prince of Wales-Hyder Census Area, it is 0.508, 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 18% more than women's income in Prince of Wales-Hyder Census Area, Alaska. Over a 35-year career, a 18% wage gap accumulates to roughly $348,145 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Prince of Wales-Hyder Census Area, Alaska has narrowed from about 24% to 15% in 2024. Over that period the gap was widest at 38% in 2011, and was narrowest at 12% in 2023. In dollar terms, the gap has narrowed by $3,037 since 2009.
Employment
| Metric | Prince of Wales-Hyder Census Area | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.6% | 5.5% | 5.2% |
| Working from Home | 7.4% | 9.7% | 15.0% |
| Commute time (minutes) | 7 | 16 | 22 |
Approximately 218 people are unemployed in Prince of Wales-Hyder Census Area, Alaska.
The average commute time in Prince of Wales-Hyder Census Area is 7 minutes, shorter than the 16 minutes in Alaska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Prince of Wales-Hyder Census Area, Alaska has fallen from 10.9% to 7.6% in 2024. Over that period the rate peaked at 13.8% in 2015 and fell as low as 7.5% in 2022.
Prince of Wales-Hyder Census Area, AK Wealth Compared With Nearby Counties
Prince of Wales-Hyder Census Area, AK is the 4th largest of the 6 counties compared here, 5,697 residents against a local median of 8,374. Prince of Wales-Hyder Census Area, AK's unemployment, at 7.6%, runs 95% above the 3.9% typical of the counties around it. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $61,076 against a local median of $93,937, 35% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Prince of Wales-Hyder Census Area, AK reads weaker than its neighbours on all of them. The counties themselves spread 3.3% on unemployment, so Prince of Wales-Hyder Census Area, AK sits at one end of an already wide local range rather than apart from it. Prince of Wales-Hyder Census Area, AK has the 6th 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. |
|---|---|---|---|---|---|
| Prince of Wales-Hyder Census Area, AK | 5,697 | $61,076 #6/6 | 2.1%/yr #4/6 | 7.6% #6/6 | 0.508 #6/6 |
| Wrangell City and Borough, AK | 2,096 | $63,100 | 2.4%/yr | 4.3% | 0.489 |
| Petersburg Borough, AK | 3,409 | $75,044 | 2.1%/yr | 3.6% | 0.447 |
| Ketchikan Gateway Borough, AK | 13,785 | $93,937 | 5.0%/yr | 3.0% | 0.502 |
| Sitka City and Borough, AK | 8,374 | $101,504 | 4.7%/yr | 6.3% | 0.471 |
| Juneau City and Borough, AK | 31,790 | $102,083 | 1.9%/yr | 3.9% | 0.495 |
Conclusion
Considering all these factors, Prince of Wales-Hyder Census Area, 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 Prince of Wales-Hyder Census Area, Alaska.
How Rich Is Prince of Wales-Hyder Census Area, Alaska?
Prince of Wales-Hyder Census Area 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 $61,076, about 35% lower than the Alaska average of $93,666.
How has median household income changed in Prince of Wales-Hyder Census Area, Alaska?
Between 2009 and 2024, the median household income in Prince of Wales-Hyder Census Area, Alaska fell 14%, from $71,107 to $61,076. Over the same years, income here lagged behind Alaska as a whole: -14% against +43%.
What was the median household income in Prince of Wales-Hyder Census Area in 2023?
In 2023, the median household income in Prince of Wales-Hyder Census Area, Alaska was $58,851, down 6% from $62,684 in 2022. The Alaska median that year was $90,366.
What was the median household income in Prince of Wales-Hyder Census Area in 2020?
In 2020, the median household income in Prince of Wales-Hyder Census Area, Alaska was $53,623. By 2024 it had risen 14% to $61,076.
Is unemployment high in Prince of Wales-Hyder Census Area, Alaska?
Unemployment in Prince of Wales-Hyder Census Area, Alaska is 7.6%, well above the Alaska rate of 5.5%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Prince of Wales-Hyder Census Area, Alaska?
The Gini coefficient in Prince of Wales-Hyder Census Area is 0.508. 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 Prince of Wales-Hyder Census Area, Alaska?
Since 2009, the income gap between men and women in Prince of Wales-Hyder Census Area, Alaska has narrowed from about 24% to 15% in 2024. Over that period the gap was widest at 38% in 2011, and was narrowest at 12% in 2023. In dollar terms, the gap has narrowed by $3,037 since 2009.
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