Economy Profile

Dillingham Census Area

TSAC-CFD-02070

Snapshot

-

GDP (2022, Thousands)
$ 288650
AVG Real Growth (2017-2022)
-1.88 %
Unemployment Rate (May, 2024)
6.8 %
Labor Force Size
2106
Number of Businesses
157
Average Annual Wage
$ 63380

Economy Structure

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

GDP

The Dillingham Census Area in Alaska has an annual GDP of approximately 289 million dollars, with a GDP per capita of about 59,466 dollars. Notably, the region experienced a GDP growth rate of 4.3% in the last year, contrasting with a negative compound annual growth rate (CAGR) of -1.88% over the past 13 years. The economic structure is primarily service-oriented, with 61.4% of its GDP coming from service-providing sectors, while goods-producing industries contribute 18.3%. Compared to the state of Alaska, which has a higher GDP per capita of 89,408 dollars and a negative growth rate of -1.4%, Dillingham shows a more favorable recent growth trend. However, it lags behind larger counties like Anchorage, which has a GDP per capita of 95,672 dollars, indicating a need for economic diversification and growth strategies in Dillingham.

GDP (2022, Thousands)
$ 288650
GDP Per Capita
$ 59466
GDP Growth Rate (2022)
4.3 %
Average Growth Rate (2017-2022)
-1.88 %
Goods Producing Contribution (%)
18.3%
Service Providing Contribution (%)
61.4%
Goverment Contribution
20.3%
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
2106
Labor Force Growth
-4.88%
Unemployment
144
Unemployment Rate
6.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

The Dillingham Census Area in Alaska exhibits a notable employment rate of 62% for individuals aged 20-64, which is below the state average of 69.3% and significantly lower than the national average of 73.8%. However, it boasts a high employment rate of 93.5% for those with a Bachelor's degree, indicating a strong correlation between education and employment in the region. The high employment rate among Black residents at 98.7% is particularly striking, suggesting effective local employment initiatives or demographic factors. Comparatively, Dillingham's high school graduate employment rate of 56.5% lags behind both state and national figures, highlighting potential challenges in job accessibility for those without higher education. Overall, while Dillingham shows strengths in educational attainment and specific demographic employment, it faces broader employment challenges relative to both state and national levels.

Employment Rate (20-64 y.o.)
62%
Employment Rate (with Bachelor's Degree)
93.5%
Employment Rate (75+ y.o.)
10.1%
Employment Rate (Black)
98.7%
Employment Rate (Female)
63%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
157
Number of Employment
2081
Annual Average Wages
$ 63380
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 67074
Service-providing (avg pay)
$ 73432
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

The Dillingham Census Area in Alaska exhibits a Mean Household Income of $69,412 and a Median Household Income of $86,298, both significantly lower than the state averages of $86,370 and $110,602, respectively. The region's Income Per Capita stands at $31,948, which is also below the state average of $42,828. Notably, 10.3% of households earn over $200,000, while 11.7% earn less than $20,000, indicating a moderate income disparity with a Gini index of 0.4092, which is more equitable than the national average of 0.4829. Compared to other Alaskan counties, Dillingham's income levels are among the lower tier, reflecting its unique economic challenges and possibly a reliance on industries such as fishing and tourism, which can be volatile.

Household Income (Mean)
$ 69412
Household Income (Median)
$ 86298
Per Capita Income
$ 31948
Per Capita Income Growth (2010-2022)
41.4 %
Gini Index
0.4092*
Poverty Rate
15.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov