Kodiak Island Borough, Alaska

Income Data

+5% vs. Alaska average
$83,716
Median Household Income
$40,615
Per Capita Income

At a Glance

Median Household Income
$83,716
+5% vs. state avg
Per Capita Income
$40,615
+3% vs. national
Income-to-Housing Ratio
21.9%
income as % of home value
Rank in Alaska
#12 / 30
by median household income

How Kodiak Island Borough Compares

Kodiak Island Borough$83,716
Alaska Average$79,407
National Median$74,755

Detailed Income Statistics

$83,716
Median Household Income
$40,615
Per Capita Income
$382,700
Median Home Value
21.9%
Income-to-Housing Ratio

Data Story

About Household Income in Kodiak Island Borough, Alaska

Kodiak earnings exceed U.S. average

Kodiak Island Borough's median household income of $83,716 surpasses the U.S. median by $8,961, placing it in the top third of American earning power. This $8,961 advantage reflects Alaska's strong fishing industry and the borough's position as a regional economic hub.

Fourth-highest earner in Alaska

Kodiak ranks fourth among Alaska's eight regions in median household income, earning 5.4% below the state average of $79,407 despite its $83,716 median. Its per capita income of $40,615 trails Alaska's $42,832 average, suggesting a wider income distribution than wealthier regions.

Competitive with major Alaska hubs

Kodiak's $83,716 income trails Juneau ($100,513), Fairbanks ($84,722), and Ketchikan ($89,155) but outpaces Kenai Peninsula ($77,722), Dillingham ($74,250), and smaller regions. Its fishing-centered economy supports respectable earnings compared to most Alaska communities.

Housing costs strain median income

Kodiak faces the steepest housing affordability challenge in Alaska with a rent-to-income ratio of 23.9%, approaching the 30% danger threshold. Median home values of $382,700 demand substantial household budgets, making careful financial planning essential for renters and homebuyers alike.

Optimize budget to unlock savings

With housing costs consuming nearly a quarter of income, maximizing your remaining earnings through disciplined budgeting and strategic saving becomes critical. Work with a financial planner to identify discretionary expenses that can be redirected toward retirement accounts, investments, and emergency reserves.

Frequently Asked Questions

What is the median household income in Kodiak Island Borough, Alaska?
The median household income in Kodiak Island Borough, Alaska is $83,716, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Kodiak Island Borough?
The per capita income in Kodiak Island Borough is $40,615, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $83,716.
How does Kodiak Island Borough compare to the Alaska average?
Kodiak Island Borough's median household income of $83,716 is higher than the Alaska state average of $79,407. The per capita income is $40,615, compared to the state average of $42,832.
What is the per capita income in Kodiak Island Borough, Alaska?
The per capita income in Kodiak Island Borough, Alaska is $40,615, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Kodiak Island Borough income higher than the Alaska average?
Kodiak Island Borough's median household income of $83,716 is higher than the Alaska average of $79,407. This difference of $4,309 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Kodiak Island Borough rank for income in Alaska?
Kodiak Island Borough ranks #12 out of 30 counties in Alaska by median household income (1 = highest). With a median household income of $83,716 and per capita income of $40,615, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Kodiak Island Borough

$
1.00x

Your income is above the Kodiak Island Borough median

County median: $83,716 per year

vs. County Median

+0%

vs. State Average

+5%

vs. National Median

+12%

vs. Kodiak Island Borough MedianAbout equal
vs. Alaska Average5% above
vs. National Median12% above

Income Adequacy

Monthly income covers median rent4.2x

Your monthly income ($6,976) vs. median rent ($1,669/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Kodiak Island Borough, Alaska? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Alaska

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.