Average Salary in Kenai, AK
$64000
$62000
2.4%
What is the Average Salary in Kenai, Alaska?
The average salary in Kenai, Alaska is $64000 per year. Entry-level positions start at $49000, mid-career professionals earn around $64000, and senior-level employees make $82000. The median household income is $62000.
Quick Salary Overview for Kenai
| Average Salary: | $64000 |
| Entry-Level: | $49000 |
| Mid-Career: | $64000 |
| Senior-Level: | $82000 |
| Median Household Income: | $62000 |
Understanding the Salary Landscape in Kenai, Alaska
If you’re considering a career move to Kenai, understanding the local salary landscape is crucial for making informed decisions. With a population of 7100 and an average salary of $64000, Kenai offers competitive compensation across various industries in America’s Last Frontier.
The median household income in Kenai stands at $62000, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 119.5, the real purchasing power translates to approximately $53556 annually.
Salary Breakdown by Experience Level in Kenai
Career progression in Kenai 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 $64000 and senior-level employees commanding salaries around $82000.
Top Industries and Employers in Kenai
Kenai has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:
Highest Paying Industry
Oil & Gas
The Oil & Gas sector offers the most competitive salaries in Kenai, attracting top talent and driving economic growth in Alaska.
Major Industries in Kenai:
Oil & Gas, Healthcare, Fishing
Major Employers Hiring in Kenai
Some of the largest employers in Kenai include: Central Peninsula Hospital, Marathon Oil, Local fishing industry. These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 2.4%.
Cost of Living in Kenai: What Your Salary Can Buy
Understanding how far your salary goes in Kenai requires analyzing the local cost of living. With a cost of living index of 119.5 (where 100 is the national average), Kenai has unique pricing dynamics typical of Alaska communities.
Housing
$280000
$1200/month
122
Transportation
120
Groceries
124
Healthcare
114
Monthly Necessities
$N/A
With housing costs representing a housing index of 122 and an average monthly rent of $1200, Kenai reflects Alaska’s unique cost structure. The median home price of $280000 and estimated monthly necessities of $N/A should be factored into your financial planning.
Job Market and Employment Trends in Kenai
The job market in Kenai shows promising signs with a job growth rate of 2.4% and an unemployment rate of 4.4%. 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
Kenai has a median age of 36.8 years, with 26.8% 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 Kenai Right for You?
| Metric | Kenai Value | Insight |
|---|---|---|
| Average Salary | $64000 | Competitive Alaska compensation |
| Adjusted Salary | $53556 | Real purchasing power after cost of living |
| Housing Affordability | $280000 | Median home price in the area |
| Monthly Rent | $1200 | Average rental costs |
| Monthly Necessities | $N/A | Estimated living expenses |
| Job Growth | 2.4% | Expanding employment opportunities |
Key Takeaways About Salaries in Kenai
- š° The average salary in Kenai is $64000, with median household income at $62000
- š When adjusted for cost of living (119.5), salaries have approximately $53556 in purchasing power
- šÆ Oil & Gas is the highest-paying industry, offering premium compensation packages
- š¢ Major employers like Central Peninsula Hospital, Marathon Oil, Local fishing industry provide stable career opportunities
- š The city shows 2.4% job growth with 4.4% unemployment rate
- š Housing costs include median home prices at $280000 and average rent at $1200
- šµ Estimated monthly necessities total $N/A, reflecting Alaska’s unique cost structure
- š 26.8% of the population holds college degrees, indicating a skilled workforce
Making Your Decision: Is Kenai the Right Career Move?
Kenai offers a compelling combination of competitive salaries, growing job opportunities, and the unique lifestyle of living in Alaska. With an average salary of $64000 and a cost of living index of 119.5, professionals can enjoy Alaska’s natural beauty while building their careers.
The city’s 2.4% job growth rate and 4.4% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Oil & Gas, Healthcare, Fishing.
Whether you’re an entry-level professional earning around $49000 or a senior executive commanding $82000, Kenai 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.