LotsCap

Economy Profile

Skagway Municipality

  • Alaska State
  • October, 2024
TSAC-CFD-02230

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 90220
AVG Real Growth (2017-2022)
-2.74 %
Unemployment Rate (May, 2024)
2.3 %
Labor Force Size
1005
Number of Businesses
120
Average Annual Wage
$ 57044

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 90220
GDP Per Capita
$ 69240
GDP Growth Rate (2022)
8.1 %
Average Growth Rate (2017-2022)
-2.74 %
Goods Producing Contribution (%)
8.9%
Service Providing Contribution (%)
69.9%
Goverment Contribution
21.2%
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
1005
Labor Force Growth
-2.24%
Unemployment
23
Unemployment Rate
2.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
80%
Employment Rate (with Bachelor's Degree)
87.4%
Employment Rate (75+ y.o.)
16.3%
Employment Rate (Black)
80%
Employment Rate (Female)
74.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
120
Number of Employment
824
Annual Average Wages
$ 57044
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 65739
Service-providing (avg pay)
$ 50031
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 79583
Household Income (Median)
$ 91563
Per Capita Income
$ 46771
Per Capita Income Growth (2010-2022)
31.6 %
Gini Index
0.3547*
Poverty Rate
6.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov