Juneau, Gateway, Steele Creek: These cities aren’t just some of the best places to live in Alaska. They are also home to some of the richest people in the Last Frontier.
Juneau in particular houses the richest residents in the state thanks, in part, to a median household income of $84,750 and a ridiculously low poverty rate of 6.2%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Alaska share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
After analyzing Census data from the 2010-2014 American Community Survey for the 23 places in Alaska with more than 5,000 people, we were left with this set of the ten richest places in the Last Frontier:
- Steele Creek
- Chena Ridge
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in Alaska? That would be Fairbanks.
How We Determined The Richest Places In Alaska
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the 2010-2014 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 23 places with more than 5,000 people in Alaska, we ranked each place from 1 to 23 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Juneau, crowned the “Richest Place In Alaska”.
You can learn more about the top ten below or skip to the end to see the rankings for all 23 places.
Population: 32,200Median Income: 8475000.0%
Poverty Level: 6.2%
Unemployment Rate: 5.6%
Population: 5,367 Median Income: 9038500.0%
Poverty Level: 7.5%
Unemployment Rate: 5.7%
3. Steele Creek
Population: 6,180 Median Income: 7456700.0%
Poverty Level: 2.9%
Unemployment Rate: 4.8%
Population: 5,015 Median Income: 8254300.0%
Poverty Level: 6.5%
Unemployment Rate: 5.9%
5. Chena Ridge
Population: 5,671 Median Income: 8144600.0%
Poverty Level: 5.9%
Unemployment Rate: 7.4%
Population: 21,175 Median Income: 7815700.0%
Poverty Level: 4.8%
Unemployment Rate: 8.8%
Population: 7,806 Median Income: 7684400.0%
Poverty Level: 5.5%
Unemployment Rate: 8.3%
Population: 298,178Median Income: 7812100.0%
Poverty Level: 7.3%
Unemployment Rate: 6.9%
Population: 8,957Median Income: 6963500.0%
Poverty Level: 8.1%
Unemployment Rate: 4.6%
Population: 9,345 Median Income: 8540200.0%
Poverty Level: 6.5%
Unemployment Rate: 11.1%
There You Have It – The Richest Places In Alaska
Like we said earlier, when we set out to identify the richest places in Alaska, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Alaska. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in AK, according to data:
2nd Poorest: Ketchikan
3rd Poorest: Meadow Lakes
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Detailed List Of Richest Places In Alaska