LotsCap

Economy Profile

Wrangell City and Borough

  • Alaska State
  • October, 2024
TSAC-CFD-02275

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 99194
AVG Real Growth (2017-2022)
-2.3 %
Unemployment Rate (May, 2024)
5.2 %
Labor Force Size
1020
Number of Businesses
103
Average Annual Wage
$ 55275

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 99194
GDP Per Capita
$ 46483
GDP Growth Rate (2022)
3 %
Average Growth Rate (2017-2022)
-2.3 %
Goods Producing Contribution (%)
9.2%
Service Providing Contribution (%)
69%
Goverment Contribution
21.8%
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
1020
Labor Force Growth
-2.11%
Unemployment
53
Unemployment Rate
5.2%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
66.5%
Employment Rate (with Bachelor's Degree)
84.2%
Employment Rate (75+ y.o.)
0.4%
Employment Rate (Black)
0%
Employment Rate (Female)
62.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
103
Number of Employment
752
Annual Average Wages
$ 55275
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 59087
Service-providing (avg pay)
$ 53131
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 61000
Household Income (Median)
$ 80656
Per Capita Income
$ 35421
Per Capita Income Growth (2010-2022)
23.3 %
Gini Index
0.4125*
Poverty Rate
10.1 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov