Average Salary in Meadow Lakes, AK
$59000
$57000
1.9%
What is the Average Salary in Meadow Lakes, Alaska?
The average salary in Meadow Lakes, Alaska is $59000 per year. Entry-level positions start at $45000, mid-career professionals earn around $59000, and senior-level employees make $75000. The median household income is $57000.
Quick Salary Overview for Meadow Lakes
| Average Salary: | $59000 |
| Entry-Level: | $45000 |
| Mid-Career: | $59000 |
| Senior-Level: | $75000 |
| Median Household Income: | $57000 |
Understanding the Salary Landscape in Meadow Lakes, Alaska
If you’re considering a career move to Meadow Lakes, understanding the local salary landscape is crucial for making informed decisions. With a population of 7145 and an average salary of $59000, Meadow Lakes offers competitive compensation across various industries in America’s Last Frontier.
The median household income in Meadow Lakes stands at $57000, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 120.2, the real purchasing power translates to approximately $49085 annually.
Salary Breakdown by Experience Level in Meadow Lakes
Career progression in Meadow Lakes shows clear salary advancement opportunities across different experience levels:
The salary progression from entry-level to senior positions shows strong growth potential, with mid-career professionals earning approximately $59000 and senior-level employees commanding salaries around $75000.
Top Industries and Employers in Meadow Lakes
Meadow Lakes has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:
Highest Paying Industry
Construction
The Construction sector offers the most competitive salaries in Meadow Lakes, attracting top talent and driving economic growth in Alaska.
Major Industries in Meadow Lakes:
Retail, Construction, Healthcare
Major Employers Hiring in Meadow Lakes
Some of the largest employers in Meadow Lakes include: Retail establishments, Local construction firms. These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 1.9%.
Cost of Living in Meadow Lakes: What Your Salary Can Buy
Understanding how far your salary goes in Meadow Lakes requires analyzing the local cost of living. With a cost of living index of 120.2 (where 100 is the national average), Meadow Lakes has unique pricing dynamics typical of Alaska communities.
Housing
$379918
$1300/month
118
Transportation
116
Groceries
119
Healthcare
113
Monthly Necessities
$4707
With housing costs representing a housing index of 118 and an average monthly rent of $1300, Meadow Lakes reflects Alaska’s unique cost structure. The median home price of $379918 and estimated monthly necessities of $4707 should be factored into your financial planning.
Job Market and Employment Trends in Meadow Lakes
The job market in Meadow Lakes shows promising signs with a job growth rate of 1.9% and an unemployment rate of 5.2%. This indicates a healthy economy with expanding opportunities for job seekers in Alaska’s unique market.
For professionals exploring opportunities across the state, check out the average salary in Alaska to compare regional compensation trends and identify the best locations for your career growth in the Last Frontier.
Demographics and Workforce Profile
Meadow Lakes has a median age of 38.5 years, with 22.5% of the population holding a college degree. This educated workforce contributes to the city’s competitive salary landscape and attracts employers seeking skilled talent in Alaska.
Salary Comparison: Is Meadow Lakes Right for You?
| Metric | Meadow Lakes Value | Insight |
|---|---|---|
| Average Salary | $59000 | Competitive Alaska compensation |
| Adjusted Salary | $49085 | Real purchasing power after cost of living |
| Housing Affordability | $379918 | Median home price in the area |
| Monthly Rent | $1300 | Average rental costs |
| Monthly Necessities | $4707 | Estimated living expenses |
| Job Growth | 1.9% | Expanding employment opportunities |
Key Takeaways About Salaries in Meadow Lakes
- š° The average salary in Meadow Lakes is $59000, with median household income at $57000
- š When adjusted for cost of living (120.2), salaries have approximately $49085 in purchasing power
- šÆ Construction is the highest-paying industry, offering premium compensation packages
- š¢ Major employers like Retail establishments, Local construction firms provide stable career opportunities
- š The city shows 1.9% job growth with 5.2% unemployment rate
- š Housing costs include median home prices at $379918 and average rent at $1300
- šµ Estimated monthly necessities total $4707, reflecting Alaska’s unique cost structure
- š 22.5% of the population holds college degrees, indicating a skilled workforce
Making Your Decision: Is Meadow Lakes the Right Career Move?
Meadow Lakes offers a compelling combination of competitive salaries, growing job opportunities, and the unique lifestyle of living in Alaska. With an average salary of $59000 and a cost of living index of 120.2, professionals can enjoy Alaska’s natural beauty while building their careers.
The city’s 1.9% job growth rate and 5.2% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Retail, Construction, Healthcare.
Whether you’re an entry-level professional earning around $45000 or a senior executive commanding $75000, Meadow Lakes provides the economic foundation for career growth and financial stability in America’s Last Frontier.
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Hey there! Iām Kumar, the owner of DollarHire. Alongside working as an Executive SEO Specialist, I studied at a finance institute to strengthen my skills in finance and marketing.