Age of householder
Per the latest American Community Survey by the Census Bureau, Anchorage Municipality sees its highest median household income among householders in the age group of 45 to 64 years old, at $118,937. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Anchorage Municipality, householders within the 45 to 64 years age group have the highest median household income at $118,937, followed by those in the 25 to 44 years age group with an income of $103,280. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $77,856. Notably, householders within the under 25 years age group, had the lowest median household income at $63,302.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $14,523(29.77%), escalating from a median of $48,779 in 2012 to $63,302 in 2022.
- 5,434(4.95%) households where the householder is under 25 years old.
- 45,970(41.85%) households with a householder aged between 25 and 44 years.
- 36,606(33.32%) households with a householder aged between 45 and 64 years.
- 21,846(19.89%) households where the householder is over 65 years old.
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Gender
In Anchorage Municipality, the population consists of 149,648 males (51.15%) and 142,897 females (48.85%). Here are the primary highlights from the gender-based income distribution analysis:
- In Anchorage Municipality, the median income for all workers aged 15 years and older, regardless of work hours, was $56,308 for males and $41,130 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $70,673 for males and $64,888 for females.
- In Anchorage Municipality, the median income for all workers aged 15 years and older, regardless of work hours, was $56,308 for males and $41,130 for females.
- In Anchorage Municipality, among full-time, year-round workers aged 15 years and older, males earned a median income of $70,673, while females earned $64,888, resulting in a 8% gender pay gap among full-time workers. This illustrates that women earn 92 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the county of Anchorage Municipality.
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Race
In Anchorage Municipality, the population is predominantly White, constituting 60.26% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $109,006.
- In Anchorage Municipality, White is both the largest group and the one with the highest median household income, which stands at $109,006.
- In Anchorage Municipality, the median household income for the households where the householder is White increased by $4,692(4.50%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $104,314 in 2012 and $109,006 in 2022.
- In Anchorage Municipality, the median household income for Black or African American households was $53,349 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
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Year by year
Anchorage Municipality, AK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Anchorage Municipality decreased by $2,441 (2.48%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 1,864 (from $97,036 to $98,900). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 1,411 (from $97,516 to $96,105).
- It then further increased to $160,825 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4326, it is evident that income distribution in Anchorage Municipality, AK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $114,091. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $67,609.
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