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.
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 copyWhat 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 copyIs 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 copyWhat 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 copyHow 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 copyIs 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 copyWhat 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 copyWhat 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 copyWhat 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 copyHow 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 copyWhat 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 copyHow 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 copyWhat 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 copyHow 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 copyWhat 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 copyWhat 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 copyHow 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 copyWhat 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 copyWhat 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 copyWhat 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 copyWhat 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 copyWhat 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 copyHow 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 copyIs 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 copyHow Alaska compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Alaska ranks 49 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 45 | Rhode Island | $88.2 billion |
| 46 | North Dakota | $82.3 billion |
| 47 | South Dakota | $82.0 billion |
| 48 | Montana | $80.9 billion |
| 49 | Alaska | $73.6 billion |
| 50 | Wyoming | $52.5 billion |
| 51 | Vermont | $49.7 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Alaska ranks 10 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 7 | Connecticut | $103,727 |
| 8 | North Dakota | $103,020 |
| 9 | Nebraska | $102,386 |
| 10 | Alaska | $99,875 |
| 11 | Illinois | $97,568 |
| 12 | Colorado | $95,610 |
| 13 | New Jersey | $92,980 |
Real GDP growth, 2025 (2025)
Alaska ranks 2 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 1 | Delaware | 5.1% |
| 2 | Alaska | 4.7% |
| 3 | California | 3.5% |
| 4 | South Carolina | 3.3% |
| 5 | Washington | 3.2% |
| 6 | Idaho | 3.1% |
| 7 | Kentucky | 3.0% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Alaska ranks 49 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 45 | Montana | 0.1% |
| 46 | Nebraska | -0.1% |
| 47 | Kansas | -0.6% |
| 48 | North Dakota | -0.9% |
| 49 | Alaska | -1.3% |
| 50 | Wyoming | -1.6% |
| 51 | West Virginia | -2.3% |
Personal income per person, 2025 (2025)
Alaska ranks 13 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 10 | Colorado | $86,342 |
| 11 | Maryland | $82,387 |
| 12 | Virginia | $80,903 |
| 13 | Alaska | $80,510 |
| 14 | South Dakota | $78,999 |
| 15 | Illinois | $78,987 |
| 16 | Florida | $78,345 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Alaska ranks 18 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 15 | Virginia | $61,914 |
| 16 | Maryland | $61,111 |
| 17 | Illinois | $60,333 |
| 18 | Alaska | $60,272 |
| 19 | Iowa | $60,144 |
| 20 | Montana | $59,203 |
| 21 | Kansas | $59,172 |
Median household income, 2024 (ACS) (2024)
Alaska ranks 12 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 9 | Colorado | $97,113 |
| 10 | Utah | $96,658 |
| 11 | Connecticut | $96,049 |
| 12 | Alaska | $95,665 |
| 13 | Virginia | $92,090 |
| 14 | Delaware | $87,534 |
| 15 | Minnesota | $87,117 |
Regional price parity, 2024 (US = 100) (2024)
Alaska ranks 14 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 11 | Florida | 103.4 |
| 12 | Oregon | 103.4 |
| 13 | Colorado | 103.1 |
| 14 | Alaska | 102.4 |
| 15 | Rhode Island | 102.3 |
| 16 | Virginia | 101.1 |
| 17 | Arizona | 100.7 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Alaska ranks 18 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 15 | Florida | 4.4% |
| 16 | New York | 4.3% |
| 17 | Massachusetts | 4.3% |
| 18 | Alaska | 4.3% |
| 19 | New Jersey | 4.2% |
| 20 | Oklahoma | 4.2% |
| 21 | Colorado | 4.1% |
Unemployment rate, 2025 annual average (2025)
Alaska ranks 9 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 6 | Oregon | 5.2% |
| 7 | Delaware | 4.8% |
| 8 | Washington | 4.7% |
| 9 | Alaska | 4.7% |
| 10 | Illinois | 4.6% |
| 11 | Ohio | 4.6% |
| 12 | Kentucky | 4.6% |
Labor force participation rate, September 2026 (September 2026)
Alaska ranks 10 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 7 | Kansas | 66.4% |
| 8 | South Dakota | 66.3% |
| 9 | Massachusetts | 65.4% |
| 10 | Alaska | 65.3% |
| 11 | Colorado | 65.2% |
| 12 | Wisconsin | 64.9% |
| 13 | New Hampshire | 64.8% |
Average annual pay, 2025 (QCEW) (2025)
Alaska ranks 16 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 13 | Texas | $77,964 |
| 14 | Minnesota | $76,940 |
| 15 | Delaware | $75,665 |
| 16 | Alaska | $75,391 |
| 17 | Pennsylvania | $74,308 |
| 18 | Oregon | $73,706 |
| 19 | Georgia | $73,032 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Alaska ranks 4 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 1 | District of Columbia | $91,540 |
| 2 | Massachusetts | $63,590 |
| 3 | Washington | $62,990 |
| 4 | Alaska | $61,000 |
| 5 | Colorado | $59,800 |
| 6 | Connecticut | $59,690 |
| 7 | New York | $59,670 |
Median household income (2024)
Alaska ranks 11 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 8 | Washington | $99,309 |
| 9 | Colorado | $96,871 |
| 10 | Utah | $96,398 |
| 11 | Alaska | $96,336 |
| 12 | Connecticut | $95,670 |
| 13 | Virginia | $92,116 |
| 14 | Delaware | $87,510 |
Median gross rent (monthly) (2024)
Alaska ranks 21 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 18 | Delaware | $1,530 |
| 19 | Georgia | $1,506 |
| 20 | Texas | $1,475 |
| 21 | Alaska | $1,444 |
| 22 | Rhode Island | $1,418 |
| 23 | Idaho | $1,384 |
| 24 | North Carolina | $1,338 |
Median value of owner-occupied homes (2024)
Alaska ranks 21 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 18 | Virginia | $403,500 |
| 19 | Florida | $396,900 |
| 20 | Connecticut | $396,900 |
| 21 | Alaska | $376,500 |
| 22 | Delaware | $371,600 |
| 23 | Vermont | $352,800 |
| 24 | Minnesota | $344,600 |
More on Alaska: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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