LotsCap

Economy Profile

Anchorage Municipality

  • Alaska State
  • October, 2024
TSAC-CFD-02020

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 27809272
AVG Real Growth (2017-2022)
-0.22 %
Unemployment Rate (May, 2024)
3.7 %
Labor Force Size
150916
Number of Businesses
8710
Average Annual Wage
$ 71214

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 27809272
GDP Per Capita
$ 95672
GDP Growth Rate (2022)
-0.4 %
Average Growth Rate (2017-2022)
-0.22 %
Goods Producing Contribution (%)
6.8%
Service Providing Contribution (%)
75.3%
Goverment Contribution
17.9%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
150916
Labor Force Growth
1.27%
Unemployment
5644
Unemployment Rate
3.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
72.1%
Employment Rate (with Bachelor's Degree)
80.6%
Employment Rate (75+ y.o.)
9%
Employment Rate (Black)
60.3%
Employment Rate (Female)
71.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
8710
Number of Employment
144835
Annual Average Wages
$ 71214
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 109403
Service-providing (avg pay)
$ 65151
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 95731
Household Income (Median)
$ 122032
Per Capita Income
$ 46554
Per Capita Income Growth (2010-2022)
34.2 %
Gini Index
0.4291*
Poverty Rate
9.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov