Petersburg Borough, Alaska
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Petersburg Borough Compares
Detailed Income Statistics
Income Advisory: Petersburg Borough
Income Verdict
Petersburg Borough has a median household income of $77,026 and per capita income of $42,380 — a gap of $34,646, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,208/month and a median household income of $77,026, rent consumes approximately 18.8% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $77,026 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $42,380 is in line with national norms for individual earners.
Neighbor Context
Petersburg Borough earns approximately 3% below the Alaska state median household income of $79,407.
Data Story
About Household Income in Petersburg Borough, Alaska
Petersburg slightly above U.S. median income
Petersburg's median household income of $77,026 exceeds the U.S. median of $74,755 by 3%, placing it squarely in the middle-to-upper-middle class nationally. The per capita income of $42,380 is close to Alaska's state average of $42,832, suggesting relatively balanced earning distribution.
Middle-to-upper income tier in Alaska
Petersburg ranks in Alaska's upper-middle tier with a median household income of $77,026, 3% below the state average of $79,407. The borough's per capita income of $42,380 is nearly identical to the state average, indicating typical income distribution patterns for Alaska communities.
Strong earnings in Southeast Alaska
Petersburg's $77,026 income exceeds Prince of Wales-Hyder ($59,079) by $18,000, positioning it as a Southeast Alaska economic leader. The borough's fishing and timber heritage supports wage levels competitive with Nome Census Area ($76,643) and other regional peers.
Housing is pricey relative to income
At 18.8%, Petersburg's rent-to-income ratio is moderate, but the median home value of $301,300 is the second-highest in Alaska—reflecting Southeast real estate premiums. Households here must carefully budget for housing costs that consume nearly one-fifth of income.
Strategic saving for Petersburg prosperity
With median income of $77,026, aim to save 12-15% monthly for retirement and emergency funds, adjusted downward if housing costs dominate your budget. Explore employer pension plans common in fishing and resource industries, and consider geographic diversification of investment holdings.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $75,125 per year
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Income Adequacy
Your monthly income ($6,260) vs. median rent ($950/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.