Economy Profile
Matanuska-Susitna Borough
- Alaska State
- October, 2024
TSAC-CFD-02170
Snapshot
-
GDP (2022, Thousands)
$ 3,760,716
AVG Real Growth (2017-2022)
3.54 %
Unemployment Rate (May, 2024)
5 %
Labor Force Size
49,513
Number of Businesses
2,750
Average Annual Wage
$ 55,220
Economy Structure
Population & Household section gives reader an outlook. of general population profile, structure, and outlook.
GDP
GDP (2022, Thousands)
$ 3,760,716
GDP Per Capita
$ 34,610
GDP Growth Rate (2022)
2.9 %
Average Growth Rate (2017-2022)
3.54 %
Goods Producing Contribution (%)
15.7%
Service Providing Contribution (%)
68.3%
Goverment Contribution
15.9%
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
49,513
Labor Force Growth
1.08%
Unemployment
2,460
Unemployment Rate
5%
Unemployment Rate
Source: Census.gov | S2301
Employment Profile
Employment Rate (20-64 y.o.)
65.3%
Employment Rate (with Bachelor's Degree)
76.3%
Employment Rate (75+ y.o.)
5.5%
Employment Rate (Black)
51.4%
Employment Rate (Female)
61.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301
Employment by Sectors
Number of Companies
2,750
Number of Employment
28,570
Annual Average Wages
$ 55,220
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 81,215
Service-providing (avg pay)
$ 47,802
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS
Income
Household Income (Mean)
$ 86,435
Household Income (Median)
$ 106,734
Per Capita Income
$ 39,201
Per Capita Income Growth (2010-2022)
40.5 %
Gini Index
0.4189*
Poverty Rate
10.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov