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Economy, jobs and prices in Alaska, United States: official figures

The economy of Alaska (gross domestic product) was worth $73.6 billion in 2025 at current prices, 0.2% of the US total of $30.86 trillion; 3rd smallest of 51. In current dollars it was up 6.5% on 2024.

GDP (current dollars)
$73.6 billion
2025
GDP per resident
$99,875
2025
Personal income per person
$80,510
2025
Median household income
$95,665
2024
Unemployment rate (seasonally adjusted)
4.3%
September 2026
Average annual pay (QCEW)
$75,391
2025
Median household income
$96,336
2024
Median gross rent (monthly)
$1,444
2024

How fast is the economy of Alaska growing?

After adjusting for inflation, real GDP in Alaska grew 4.7% in 2025, against 2.3% for the United States; 2nd fastest-growing of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

What is the GDP per capita of Alaska?

Dividing 2025 GDP by the Census Bureau's population estimate gives $99,875 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 10th highest of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

Is the economy of Alaska growing or shrinking?

In the second quarter of 2026, real GDP in Alaska shrank at an annual rate of 1.3% (United States: 2.2%); 3rd slowest-growing of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

What are the main industries in Alaska?

In 2025 the largest private industry in Alaska's economy was mining, oil and gas (14.4% of GDP), followed by transportation and warehousing (13.8%) and real estate, rental and leasing (9.8%). Government accounted for 18.5% and manufacturing for 2.0%; the manufacturing share was 3rd lowest of 51 (United States: 9.5%).

Source: U.S. Bureau of Economic Analysis · saved copy

How much do people in Alaska spend?

Consumer spending (personal consumption expenditures) in Alaska came to $70,227 per person in 2025 (United States: $61,062); 5th highest of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

Is Alaska expensive to live in?

Prices in Alaska were 2.4% above the national average in 2024, by BEA's regional price parity of 102.4 (US = 100), which covers goods, services and housing; 14th most expensive of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

What is the inflation rate in Alaska?

Prices in Alaska rose 1.7% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).

Source: U.S. Bureau of Economic Analysis · saved copy

What is the per capita income in Alaska?

Personal income per person in Alaska was $80,510 in 2025, against $77,028 for the United States; 13th highest of 51. It was up 4.8% on 2024 and up 30.1% on 2020, before inflation.

Source: U.S. Bureau of Economic Analysis · saved copy

What is the disposable income per person in Alaska?

After taxes, disposable personal income per person was $73,491 in 2025 (United States: $67,251); 11th highest of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

How far does income go in Alaska?

Adjusted for local price levels, real personal income per person in Alaska was $60,272 in 2024 in 2017 dollars (United States: $59,195); 18th highest of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

What is the median household income in Alaska?

Median household income in Alaska was $95,665 in 2024 (margin of error ±$3,278), against $81,604 for the United States; 12th highest of 51 by the point estimate. It was up 7.3% on 2023 after adjusting for inflation (American Community Survey).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Alaska?

The Gini index of household income inequality in Alaska was 0.440 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); 4th least unequal of 51.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Alaska?

The unemployment rate in Alaska was 4.3% in September 2026 (seasonally adjusted, preliminary), down from 4.7% a year earlier; tied for 16th highest of 51. The rate for the 50 states and DC combined was 4.2%.

Source: U.S. Bureau of Labor Statistics · saved copy

How many people are unemployed in Alaska?

In September 2026, 15,762 people in Alaska were unemployed and 349,435 employed, out of a labor force of 365,197.

Source: U.S. Bureau of Labor Statistics · saved copy

What share of people in Alaska are working?

65.3% of residents aged 16 and over were in the labor force in September 2026, and 62.5% had a job; 10th highest of 51 for labor force participation (50 states and DC combined: 61.6%).

Source: U.S. Bureau of Labor Statistics · saved copy

What was the unemployment rate in Alaska in 2025?

Over 2025 the unemployment rate in Alaska averaged 4.7% (an 11-month average: October 2025 was not collected during the federal shutdown), against 4.5% in 2024; tied for 8th highest of 51. The lowest annual rate since 1976 was 4.3% in 2023.

Source: U.S. Bureau of Labor Statistics · saved copy

What is the average salary in Alaska?

Workers covered by unemployment insurance in Alaska were paid $75,391 on average in 2025 ($1,450 a week), up 4.9% on 2024; the US average was $78,720. That is 16th highest of 51.

Source: U.S. Bureau of Labor Statistics · saved copy

How many jobs are there in Alaska?

Employers in Alaska had an average of 332,544 jobs on their payrolls in 2025 across 25,169 establishments, up 1.0% on 2024 (United States: up 0.5%).

Source: U.S. Bureau of Labor Statistics · saved copy

What is the median wage in Alaska?

The median annual wage across all occupations in Alaska was $61,000 in May 2025 (mean $74,720); 4th highest of 51. One in ten workers earned less than $34,930 and one in ten more than $128,720.

Source: U.S. Bureau of Labor Statistics · saved copy

What is the most common job in Alaska?

The most common occupation in Alaska in May 2025 was retail salespersons, with 7,890 workers and a median annual wage of $37,290.

Source: U.S. Bureau of Labor Statistics · saved copy

What is the median household income in Alaska?

Median household income in Alaska was $96,336 in 2024, 11th highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $77,203, so it has risen 24.8% before allowing for inflation.

Source: U.S. Census Bureau · saved copy

What is the average rent in Alaska?

The median gross rent in Alaska, including utilities, was $1,444 a month in 2024, up 5.2% on 2023 ($1,373); 21st highest among the 50 states and DC (U.S.: $1,487).

Source: U.S. Census Bureau · saved copy

What is the median home value in Alaska?

Homeowners in Alaska valued their homes at a median of $376,500 in 2024, up 8.3% on 2023 ($347,500); 21st highest among the 50 states and DC (U.S.: $360,600).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Alaska?

The median home value in Alaska was 3.9 times the median household income in 2024 ($376,500 against $96,336); 20th lowest ratio among the 50 states and DC (U.S.: 4.4).

Source: U.S. Census Bureau · saved copy

Is rent affordable in Alaska?

A household on the median income in Alaska would spend 18.0% of its income on the median rent of $1,444 a month in 2024 (U.S.: 21.9%).

Source: U.S. Census Bureau · saved copy

How Alaska compares with other states

Gross domestic product, 2025 (current dollars) (2025)

Alaska ranks 49 of 51, highest first.

RankRegionGross domestic product, 2025 (current dollars)
45Rhode Island$88.2 billion
46North Dakota$82.3 billion
47South Dakota$82.0 billion
48Montana$80.9 billion
49Alaska$73.6 billion
50Wyoming$52.5 billion
51Vermont$49.7 billion
Source: U.S. Bureau of Economic Analysis · saved copy

GDP per resident, 2025 (BEA GDP / Census population) (2025)

Alaska ranks 10 of 51, highest first.

RankRegionGDP per resident, 2025 (BEA GDP / Census population)
7Connecticut$103,727
8North Dakota$103,020
9Nebraska$102,386
10Alaska$99,875
11Illinois$97,568
12Colorado$95,610
13New Jersey$92,980
Source: U.S. Bureau of Economic Analysis · saved copy

Real GDP growth, 2025 (2025)

Alaska ranks 2 of 51, highest first.

RankRegionReal GDP growth, 2025
1Delaware5.1%
2Alaska4.7%
3California3.5%
4South Carolina3.3%
5Washington3.2%
6Idaho3.1%
7Kentucky3.0%
Source: U.S. Bureau of Economic Analysis · saved copy

Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)

Alaska ranks 49 of 51, highest first.

RankRegionReal GDP growth, 2026:Q2 (annual rate)
45Montana0.1%
46Nebraska-0.1%
47Kansas-0.6%
48North Dakota-0.9%
49Alaska-1.3%
50Wyoming-1.6%
51West Virginia-2.3%
Source: U.S. Bureau of Economic Analysis · saved copy

Personal income per person, 2025 (2025)

Alaska ranks 13 of 51, highest first.

RankRegionPersonal income per person, 2025
10Colorado$86,342
11Maryland$82,387
12Virginia$80,903
13Alaska$80,510
14South Dakota$78,999
15Illinois$78,987
16Florida$78,345
Source: U.S. Bureau of Economic Analysis · saved copy

Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)

Alaska ranks 18 of 51, highest first.

RankRegionReal personal income per person, 2024 (adjusted for local prices, 2017 dollars)
15Virginia$61,914
16Maryland$61,111
17Illinois$60,333
18Alaska$60,272
19Iowa$60,144
20Montana$59,203
21Kansas$59,172
Source: U.S. Bureau of Economic Analysis · saved copy

Median household income, 2024 (ACS) (2024)

Alaska ranks 12 of 51, highest first.

RankRegionMedian household income, 2024 (ACS)
9Colorado$97,113
10Utah$96,658
11Connecticut$96,049
12Alaska$95,665
13Virginia$92,090
14Delaware$87,534
15Minnesota$87,117
Source: U.S. Census Bureau · saved copy

Regional price parity, 2024 (US = 100) (2024)

Alaska ranks 14 of 51, highest first.

RankRegionRegional price parity, 2024 (US = 100)
11Florida103.4
12Oregon103.4
13Colorado103.1
14Alaska102.4
15Rhode Island102.3
16Virginia101.1
17Arizona100.7
Source: U.S. Bureau of Economic Analysis · saved copy

Unemployment rate, September 2026 (seasonally adjusted) (September 2026)

Alaska ranks 18 of 51, highest first.

RankRegionUnemployment rate, September 2026 (seasonally adjusted)
15Florida4.4%
16New York4.3%
17Massachusetts4.3%
18Alaska4.3%
19New Jersey4.2%
20Oklahoma4.2%
21Colorado4.1%
Source: U.S. Bureau of Labor Statistics · saved copy

Unemployment rate, 2025 annual average (2025)

Alaska ranks 9 of 51, highest first.

RankRegionUnemployment rate, 2025 annual average
6Oregon5.2%
7Delaware4.8%
8Washington4.7%
9Alaska4.7%
10Illinois4.6%
11Ohio4.6%
12Kentucky4.6%
Source: U.S. Bureau of Labor Statistics · saved copy

Labor force participation rate, September 2026 (September 2026)

Alaska ranks 10 of 51, highest first.

RankRegionLabor force participation rate, September 2026
7Kansas66.4%
8South Dakota66.3%
9Massachusetts65.4%
10Alaska65.3%
11Colorado65.2%
12Wisconsin64.9%
13New Hampshire64.8%
Source: U.S. Bureau of Labor Statistics · saved copy

Average annual pay, 2025 (QCEW) (2025)

Alaska ranks 16 of 51, highest first.

RankRegionAverage annual pay, 2025 (QCEW)
13Texas$77,964
14Minnesota$76,940
15Delaware$75,665
16Alaska$75,391
17Pennsylvania$74,308
18Oregon$73,706
19Georgia$73,032
Source: U.S. Bureau of Labor Statistics · saved copy

Median annual wage, all occupations, May 2025 (OEWS) (May 2025)

Alaska ranks 4 of 51, highest first.

RankRegionMedian annual wage, all occupations, May 2025 (OEWS)
1District of Columbia$91,540
2Massachusetts$63,590
3Washington$62,990
4Alaska$61,000
5Colorado$59,800
6Connecticut$59,690
7New York$59,670
Source: U.S. Bureau of Labor Statistics · saved copy

Median household income (2024)

Alaska ranks 11 of 51, highest first. Census Bureau SAIPE model estimates

RankRegionMedian household income
8Washington$99,309
9Colorado$96,871
10Utah$96,398
11Alaska$96,336
12Connecticut$95,670
13Virginia$92,116
14Delaware$87,510
Source: U.S. Census Bureau · saved copy

Median gross rent (monthly) (2024)

Alaska ranks 21 of 51, highest first. Renter-occupied units paying cash rent

RankRegionMedian gross rent (monthly)
18Delaware$1,530
19Georgia$1,506
20Texas$1,475
21Alaska$1,444
22Rhode Island$1,418
23Idaho$1,384
24North Carolina$1,338
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2024)

Alaska ranks 21 of 51, highest first. Owner-reported value

RankRegionMedian value of owner-occupied homes
18Virginia$403,500
19Florida$396,900
20Connecticut$396,900
21Alaska$376,500
22Delaware$371,600
23Vermont$352,800
24Minnesota$344,600
Source: U.S. Census Bureau · saved copy

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