Sitka, Alaska Income Statistics
Sitka Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Sitka Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sitka | Alaska Avg | US Average |
|---|---|---|---|
| Median Household Income | $101,504 | $93,666 | $80,455 |
| Median Personal Income | $62,620 | $68,716 | $60,758 |
| Average Yearly Income Growth | 4.7% | 2.9% | 4.8% |
| Six-Figure Earners | 14.9% | 16.8% | 13.9% |
| $200k+ Households | 10.8% | 14.6% | 13.2% |
The median household income in Sitka is about 8% higher than in Alaska. Income has been growing faster in Sitka (4.7%/yr) than in Alaska (2.9%/yr).
About 15% of adults in Sitka 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 Sitka, Alaska grew by 75.8% from 2009 to 2024, reaching $101,504 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Sitka
| Metric | Sitka | Alaska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.471 | 0.527 | 0.552 |
| Male Median Income | $70,892 | $76,032 | $69,667 |
| Female Median Income | $61,806 | $65,882 | $56,850 |
| Gender Pay Gap | 12.8% | 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 Sitka, it is 0.471, 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 15% more than women's income in Sitka, Alaska. Over a 35-year career, a 15% wage gap accumulates to roughly $318,010 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sitka, Alaska has narrowed from about 17% to 13% in 2024. Over that period the gap was widest at 32% in 2013. In dollar terms, the gap has narrowed by $812 since 2009.
Employment
| Metric | Sitka | Alaska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.5% | 5.2% |
| Working from Home | 7.5% | 9.7% | 15.0% |
| Commute time (minutes) | 8 | 16 | 22 |
Approximately 313 people are unemployed in Sitka, Alaska.
The average commute time in Sitka is 8 minutes, shorter than the 16 minutes in Alaska.
Unemployment Rate Over Time
The unemployment rate in Sitka, Alaska has stayed about flat at 6.3% since 2011. Over that period the rate peaked at 6.6% in 2023 and fell as low as 3.8% in 2015.
Conclusion
Considering all these factors, Sitka, Alaska has an overall wealth index grade of B, making it somewhat better than Alaska, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sitka, Alaska.
How Rich Is Sitka, Alaska?
Sitka 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 $101,504, about 8% higher than the Alaska average of $93,666.
Are incomes growing in Sitka, Alaska?
Between 2009 and 2024, the median household income in Sitka, Alaska rose 76%, from $57,724 to $101,504. Over the same years, income here outpaced Alaska as a whole: +76% against +43%.
What was the median household income in Sitka in 2023?
In 2023, the median household income in Sitka, Alaska was $101,996, up 9% from $93,382 in 2022. The Alaska median that year was $90,366.
What was the median household income in Sitka in 2020?
In 2020, the median household income in Sitka, Alaska was $79,448. By 2024 it had risen 28% to $101,504.
What is the Gini coefficient in Sitka, Alaska?
The Gini coefficient in Sitka is 0.471. 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 Sitka, Alaska?
Since 2009, the income gap between men and women in Sitka, Alaska has narrowed from about 17% to 13% in 2024. Over that period the gap was widest at 32% in 2013. In dollar terms, the gap has narrowed by $812 since 2009.
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