Kodiak Island Borough, Alaska
Income Data
At a Glance
How Kodiak Island Borough Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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County median: $83,716 per year
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vs. State Average
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vs. National Median
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Income Adequacy
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.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.