The U.S. Census Bureau’s American Community Survey released this week revealed that the median household income in the United States fell by 0.8 percent in 2022, even while inflation ate away at that income, with an annual 3.7% inflation, as officially calculated.
But Alaska was one of five states, including Alabama, Delaware, Florida, and Utah, that saw median household incomes increase last year. Seventeen states saw decreases in income, and 28 states and the District of Columbia and Puerto Rico showed no significant change.
The median household income last year across all states was $74,755, when adjusted for inflation.
Alaska’s median income in 2021 was $87,490. In 2022, it rose to $89,740.
The top median income is found with the “rich men north of Richmond” in Washington, D.C., where there is an average household income of $101,027.
Among actual states, New Jersey has the highest median household income, at $96,346, and Mississippi anchored the bottom, with $52,719.
Although Alaska has seen an uptick in household income, price increases continue apace.
Prices in the Anchorage area, as measured by the Consumer Price Index for All Urban Consumers, increased 1.3 percent for the two months ending in August 2023, the U.S. Bureau of Labor Statistics reported this week. The August increase was influenced by higher prices for shelter and gasoline, according to the Department of Labor.
The American Community Survey collects and releases new data every year, including estimates, tables, tools, and analytical reports.
Interesting. When you consider the pay increases to state union contracts, I thought it would go up by more than this data shows.
Is that because of Government hand-outs to Alaska’s state, local, tribal, and non profit employments. They all gave themselves big fat raises.
“with an annual 3.7% inflation, as officially calculated.”
Meaning, as officially GASLIGHTED, by an egregiously lying political establishment of absolutely no legitimacy.
Smoke and mirrors Jeff – and they do it to starve out everyone on Social Security, welfare too, whose increase is tied to the CPI “inflation” rate – but gaslighting seems to be this admin’s modus operandi. Price increases in Alaska aren’t rising “apace” Suzanne – we’re losing ground, and quickly. as prices of most consumables are rising at more than twice the rate of our incomes.
We are arriving in a time where the day states democrats and republicans won’t be able to bring home Federal money for state, local, tribal, and non profits. What will Alaska do then? Leaders can only raise taxes for so long to pay for government work before the American people will revolt.
Todays Alaska leadership they be wise to see about reducing Government waste and dependency next year from the legislature down to the local, tribal, and non profits and start producing products we can sell and taking less money in appropriations when congress reconvenes. Alaska needs to figure out how to produce products without reliance on a crippled corrupt federal government.
Income includes the PFD.
The 2022 PFD was larger than most years.
I suspect that is part of it?
Very little is due to the PFD – most of the increase seen as a statewide statistic came from government worker’s unions – my best guess.
Don’t forget Alaska Legislature approved their own pay raises this year while they declined giving Dunleavy and his administration raises, and he took it better than them making no complaints and no justifications unlike legislators and their overpaid office help to do their reading for them.
The data point makes sense since Alaska has the highest rate of government employees per capita of all 50 states. Government is immune to the economic stresses the private sector must cope with.
I knew many tradesman who retired early and took government jobs in upper level management earning six figure incomes and retired with a very healthy PERS income and a health benefits package equal to none from those retiring from private sector.
Alabama is surprising. Did they include the salaries of the football coaches this time?
The median income is one data point, Alaska GDP dropped every year from 2010 to 2019 and young people are leaving. A median income can rise simply by more people going into poverty
Who does this rogue and illegitimate cabal in Washington DC think they are fooling with this STUPID lie of a 3.7% inflation (i.e., currency depreciation) rate? I would laugh at them if they even tried to claim that it was 7.3% instead, when we all know that prices have been rising at well over 10% annually lately.
But I bet that sheep and establishment quislings like cman and Whidbey the Dog believe it and accept it unthinkingly.
Simple math obviously wasnt their strength… they may graduated from chiCom funded Penn State with a degree in Bidenomics from “Professor sniffy” himself.
Really, handing a family of four $6000 more than in 2021has nothing to do with the increase.
Boy I would sure like to be average.
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