LotsCap

Economy Profile

Southeast Fairbanks Census Area

  • Alaska State
  • October, 2024
TSAC-CFD-02240

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 847745
AVG Real Growth (2017-2022)
0.08 %
Unemployment Rate (May, 2024)
5.5 %
Labor Force Size
3575
Number of Businesses
256
Average Annual Wage
$ 85810

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 847745
GDP Per Capita
$ 123076
GDP Growth Rate (2022)
-5 %
Average Growth Rate (2017-2022)
0.08 %
Goods Producing Contribution (%)
60.8%
Service Providing Contribution (%)
26.2%
Goverment Contribution
13%
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
3575
Labor Force Growth
0.7%
Unemployment
197
Unemployment Rate
5.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
65%
Employment Rate (with Bachelor's Degree)
66%
Employment Rate (75+ y.o.)
2.5%
Employment Rate (Black)
25%
Employment Rate (Female)
58%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
256
Number of Employment
2988
Annual Average Wages
$ 85810
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 124180
Service-providing (avg pay)
$ 60946
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 75378
Household Income (Median)
$ 85484
Per Capita Income
$ 33809
Per Capita Income Growth (2010-2022)
22.2 %
Gini Index
0.4239*
Poverty Rate
13.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov