Age of householder
Per the latest American Community Survey by the Census Bureau, Matanuska-Susitna Borough sees its highest median household income among householders in the age group of 45 to 64 years old, at $101,594. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Matanuska-Susitna Borough, householders within the 45 to 64 years age group have the highest median household income at $101,594, followed by those in the 25 to 44 years age group with an income of $94,412. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $57,260. Notably, householders within the under 25 years age group, had the lowest median household income at $54,994.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $11,835(26.05%), escalating from a median of $45,425 in 2012 to $57,260 in 2022.
- 1,357(3.40%) households where the householder is under 25 years old.
- 14,394(36.04%) households with a householder aged between 25 and 44 years.
- 15,285(38.27%) households with a householder aged between 45 and 64 years.
- 8,906(22.30%) households where the householder is over 65 years old.
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Gender
In Matanuska-Susitna Borough, the population consists of 55,662 males (52.11%) and 51,145 females (47.89%). Here are the primary highlights from the gender-based income distribution analysis:
- In Matanuska-Susitna Borough, the median income for all workers aged 15 years and older, regardless of work hours, was $51,094 for males and $28,306 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $75,667 for males and $53,666 for females.
- In Matanuska-Susitna Borough, the median income for all workers aged 15 years and older, regardless of work hours, was $51,094 for males and $28,306 for females.
- In Matanuska-Susitna Borough, among full-time, year-round workers aged 15 years and older, males earned a median income of $75,667, while females earned $53,666, leading to a 29% gender pay gap among full-time workers. This illustrates that women earn 71 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Matanuska-Susitna Borough, the population is predominantly White, constituting 80.59% 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 $83,588.
- In Matanuska-Susitna Borough, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $135,250. This reveals that, while Whites may be the most numerous in Matanuska-Susitna Borough, Asian households experience greater economic prosperity in terms of median household income.
- In Matanuska-Susitna Borough, the median household income for the households where the householder is White decreased by $5,608(6.29%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $89,196 in 2012 and $83,588 in 2022.
- In Matanuska-Susitna Borough, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $109,063, marking a significant change.
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Year by year
Matanuska-Susitna Borough, AK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Matanuska-Susitna Borough decreased by $5,634 (6.17%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 2 years and declined for 9 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 898 (from $89,519 to $90,417). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 2,055 (from $88,737 to $86,682).
- It then further increased to $89,750 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4028, it is evident that income distribution in Matanuska-Susitna Borough, AK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $98,070. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $52,696.
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