Average Salary in Kodiak, AK
$63000
$61000
1.7%
What is the Average Salary in Kodiak, Alaska?
The average salary in Kodiak, Alaska is $63000 per year. Entry-level positions start at $48000, mid-career professionals earn around $63000, and senior-level employees make $81000. The median household income is $61000.
Quick Salary Overview for Kodiak
| Average Salary: | $63000 |
| Entry-Level: | $48000 |
| Mid-Career: | $63000 |
| Senior-Level: | $81000 |
| Median Household Income: | $61000 |
Understanding the Salary Landscape in Kodiak, Alaska
If you’re considering a career move to Kodiak, understanding the local salary landscape is crucial for making informed decisions. With a population of 5900 and an average salary of $63000, Kodiak offers competitive compensation across various industries in America’s Last Frontier.
The median household income in Kodiak stands at $61000, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 121, the real purchasing power translates to approximately $52066 annually.
Salary Breakdown by Experience Level in Kodiak
Career progression in Kodiak 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 $63000 and senior-level employees commanding salaries around $81000.
Top Industries and Employers in Kodiak
Kodiak has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:
Highest Paying Industry
Fishing
The Fishing sector offers the most competitive salaries in Kodiak, attracting top talent and driving economic growth in Alaska.
Major Industries in Kodiak:
Fishing, Military, Healthcare
Major Employers Hiring in Kodiak
Some of the largest employers in Kodiak include: Coast Guard Base Kodiak, Providence Kodiak Island Medical Center. These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 1.7%.
Cost of Living in Kodiak: What Your Salary Can Buy
Understanding how far your salary goes in Kodiak requires analyzing the local cost of living. With a cost of living index of 121 (where 100 is the national average), Kodiak has unique pricing dynamics typical of Alaska communities.
Housing
$300000
$1250/month
125
Transportation
122
Groceries
128
Healthcare
116
Monthly Necessities
$N/A
With housing costs representing a housing index of 125 and an average monthly rent of $1250, Kodiak reflects Alaska’s unique cost structure. The median home price of $300000 and estimated monthly necessities of $N/A should be factored into your financial planning.
Job Market and Employment Trends in Kodiak
The job market in Kodiak shows promising signs with a job growth rate of 1.7% and an unemployment rate of 4.9%. 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
Kodiak has a median age of 35.5 years, with 25.5% 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 Kodiak Right for You?
| Metric | Kodiak Value | Insight |
|---|---|---|
| Average Salary | $63000 | Competitive Alaska compensation |
| Adjusted Salary | $52066 | Real purchasing power after cost of living |
| Housing Affordability | $300000 | Median home price in the area |
| Monthly Rent | $1250 | Average rental costs |
| Monthly Necessities | $N/A | Estimated living expenses |
| Job Growth | 1.7% | Expanding employment opportunities |
Key Takeaways About Salaries in Kodiak
- š° The average salary in Kodiak is $63000, with median household income at $61000
- š When adjusted for cost of living (121), salaries have approximately $52066 in purchasing power
- šÆ Fishing is the highest-paying industry, offering premium compensation packages
- š¢ Major employers like Coast Guard Base Kodiak, Providence Kodiak Island Medical Center provide stable career opportunities
- š The city shows 1.7% job growth with 4.9% unemployment rate
- š Housing costs include median home prices at $300000 and average rent at $1250
- šµ Estimated monthly necessities total $N/A, reflecting Alaska’s unique cost structure
- š 25.5% of the population holds college degrees, indicating a skilled workforce
Making Your Decision: Is Kodiak the Right Career Move?
Kodiak offers a compelling combination of competitive salaries, growing job opportunities, and the unique lifestyle of living in Alaska. With an average salary of $63000 and a cost of living index of 121, professionals can enjoy Alaska’s natural beauty while building their careers.
The city’s 1.7% job growth rate and 4.9% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Fishing, Military, Healthcare.
Whether you’re an entry-level professional earning around $48000 or a senior executive commanding $81000, Kodiak 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.