Lake and Peninsula Borough, Alaska
Income Data
At a Glance
How Lake and Peninsula Borough Compares
Detailed Income Statistics
Data Story
About Household Income in Lake and Peninsula Borough, Alaska
Lake and Peninsula slightly below national median
Lake and Peninsula's median household income of $64,000 lags 14% behind the U.S. median of $74,755, yet remains solidly in the working-class range. The per capita income of $45,228 exceeds Alaska's state average of $42,832, suggesting relatively balanced earning distribution.
Middle-ranking income county statewide
Lake and Peninsula ranks in the middle of Alaska counties with a median income of $64,000, about 19% below the state average of $79,407. This positions the borough as closer to Kusilvak's lower end than to the state's highest-income regions.
Moderate income in remote region
Lake and Peninsula's $64,000 income falls between Prince of Wales-Hyder ($59,079) and Nome Census Area ($76,643), reflecting similar economic conditions in rural southeastern and western Alaska. The per capita income of $45,228 is notably higher than most neighboring counties, indicating strong individual earners.
Rent-to-income ratio favorable
At 17.5%, Lake and Peninsula's rent-to-income ratio is well within the sustainable 30% threshold, meaning housing costs consume a manageable portion of household income. The median home value of $166,100 is moderate relative to earnings, supporting reasonable homeownership accessibility.
Strengthen savings with modest income
Household incomes here support solid financial planning—aim to allocate at least 10-15% of earnings toward retirement and savings accounts. Explore high-yield savings options and low-cost index funds to maximize returns on consistent contributions over time.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Lake and Peninsula Borough
Your income is above the Lake and Peninsula Borough median
County median: $64,000 per year
vs. County Median
+0%
vs. State Average
-19%
vs. National Median
-14%
Income Adequacy
Your monthly income ($5,333) vs. median rent ($933/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.