LotsCap

Economy Profile

Nome Census Area

  • Alaska State
  • October, 2024
TSAC-CFD-02180

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 527971
AVG Real Growth (2017-2022)
0.42 %
Unemployment Rate (May, 2024)
9.5 %
Labor Force Size
4115
Number of Businesses
297
Average Annual Wage
$ 69718

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 527971
GDP Per Capita
$ 52702
GDP Growth Rate (2022)
6 %
Average Growth Rate (2017-2022)
0.42 %
Goods Producing Contribution (%)
4.6%
Service Providing Contribution (%)
63%
Goverment Contribution
32.4%
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
4115
Labor Force Growth
5.92%
Unemployment
389
Unemployment Rate
9.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
62.9%
Employment Rate (with Bachelor's Degree)
96.3%
Employment Rate (75+ y.o.)
0.9%
Employment Rate (Black)
85.5%
Employment Rate (Female)
68.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
297
Number of Employment
3803
Annual Average Wages
$ 69718
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 82476
Service-providing (avg pay)
$ 77799
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 70121
Household Income (Median)
$ 89721
Per Capita Income
$ 28678
Per Capita Income Growth (2010-2022)
39.6 %
Gini Index
0.4439*
Poverty Rate
21.1 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov