Alaska Real Estate and Livability Trends
Alaska’s real estate market is seeing strong demand with median home values jumping from $250,000 in 2015 to $318,000 in 2022, hinting at higher returns on investments. Residential Energy Tax Credits fluctuate, presenting lucrative opportunities for energy-efficient upgrades. Average real estate taxes have increased from $4,026.55 in 2012 to $6,965.08 in 2021, signaling a growing tax burden... Read more
Alaska Market Trends
The median home values in Alaska have surged from $250,000 in 2015 to $318,000 in 2022, outpacing national trends and indicating stronger demand and potentially higher returns on investments. Meanwhile, the Residential Energy Tax Credit per tax return has fluctuated significantly, suggesting lucrative opportunities for energy-efficient home improvements. Average real estate taxes in Alaska have... Read more
Median Value of Occupied Housing Units in Alaska Over the Last 8 Years
The median home values in Alaska have trended upwards over the last eight years, climbing from $250,000 in 2015 to $318,000 in 2022. This increase suggests a stronger demand for housing in Alaska compared to national trends, where the median value only went from $125,500 to $179,400 in the same period. For those looking to invest, build, or move to Alaska, this could indicate a more competitive market with potentially higher returns on property investments.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Alaska over the last 10 years
Active Loans 30-60 Days Past Due in Alaska over the last 10 years in Alaska
Perent of loans that are Active Loans 90-180 Days Past Due in Alaska over the last 10 years in Alaska
Residential Energy Tax Credit Per Tax Return in Alaska Over the Last 9 Years
The Residential Energy Tax Credit per tax return in Alaska has seen significant fluctuations over the past nine years. It began at $385.64 in 2013, peaking remarkably in 2018 at $2,776.12. Although there's been a general upward trend, there were notable dips, such as the fall from $2,776.12 in 2018 to $1,591.02 in 2019. With a recent value of $1,450.45 in 2021, investing in energy-efficient home improvements has become increasingly lucrative, likely reflecting state incentives and a stronger push for renewable energy solutions.
Average Real Estate Taxes Per Tax Return in Alaska Over the Last 10 Years
In Alaska, average real estate taxes per tax return have seen a noticeable increase over the past decade. Starting at approximately $4,026.55 in 2012, there has been a steady rise, with a significant jump in 2018 pushing the figure to around $6,129. By 2021, it reached about $6,965.08. This trend suggests a growing tax burden for property owners, which could impact real estate investment and homeownership decisions in the state. Such escalating taxes might influence the local market dynamics and investor strategies, hinting at higher returns needed to offset rising costs.
Percentage of Farm Returns in Alaska Over the Last 10 Years
Over the last decade in Alaska, the percentage of farm tax returns has shown minor fluctuations, hovering around 0.38% to 0.39%. These small changes reflect a stable yet slight decline in the presence of farming activities. For those looking to invest in or move to Alaska, this trend suggests a consistent but modest agricultural sector, indicating opportunities for new investments or developments in farming could be ripe given the untapped potential.
Economic Outlook
Alaska's average taxable income per tax return has climbed from $64,958.30 in 2013 to $85,045.78 in 2021, possibly signaling growing economic stability and higher earning potential. Notably, average state and local income taxes per tax return have jumped from $1,074.13 in 2012 to $2,716.39 by 2021, reflecting a rising tax burden. Meanwhile, total tax liability has shown fluctuations with a notable increase to $13,937.19 in 2021, which might influence financial planning and investment... Read more
Average Taxable Income per Tax Return in Alaska over the last 9 years
Over the past nine years, Alaska has seen a steady increase in the average taxable income per tax return, rising from $64,958.30 in 2013 to $85,045.78 in 2021. This upward trend suggests a growing economic stability and potentially higher earning potential for residents. For those considering moving to Alaska or currently living there, this growth in taxable income could be indicative of expanding job opportunities and an improving standard of living.
Average State and Local Income Taxes Per Tax Return in Alaska Over the Last 10 Years
Alaska has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting from $1,074.13 in 2012, there's been a substantial rise to $2,716.39 by 2021. This upward trend highlights a significant impact on residents' financial obligations, reflecting broader economic or policy changes. Potential movers and current residents must account for this growing tax burden as part of their financial planning.
Average Total Tax Liability Per Tax Return in Alaska Over the Last 10 Years
Average total tax liability per tax return in Alaska has exhibited noticeable fluctuations over the past decade. After a steady climb from $11,230.06 in 2012 to $12,495.04 in 2015, there was a slight dip in the following years. However, 2021 saw a significant jump to $13,937.19. This variation can impact investment decisions, attract those interested in tax trends, and signal broader economic shifts in the state.
Cost of Living in Alaska
Safety trends & Data
Alaska's property crime trends over the past five years highlight some intriguing patterns. Fraud was especially prevalent, peaking at 2,392 incidents in 2018 before declining to 1,063 by 2022. Vandalism stayed consistent with around 1,000 cases annually. Arson saw a high of 726 cases in 2018 and dropped to 127 by 2021, with a slight rebound in 2022. Burglary and motor vehicle theft were comparably lower, hinting at a shift towards financial crimes and vandalism. This information is key for... Read more
Property Crime Trends in Alaska Over the Last 5 Years
The property crime landscape in Alaska over the past five years shows notable fluctuations across various categories. Fraud consistently remained one of the highest reported offenses, peaking at 2,392 incidents in 2018 and then gradually decreasing to 1,063 by 2022. Vandalism also displayed substantial activity, with figures hovering around 1,000 annually. Arson incidents started high at 726 cases in 2018 but declined significantly by 2021 with just 127 incidents before rebounding slightly in 2022. Interestingly, traditional property crimes like burglary and motor vehicle theft have seen relatively lower numbers compared to other categories, indicating a trend towards financial crimes and vandalism. This data is essential for anyone looking to invest, move to, or do business in Alaska, as it reflects not only the safety and security concerns but also potential areas for community intervention and law enforcement focus.
Demographics
Alaska's demographic trends reveal intriguing patterns. The state appears to have a higher proportion of adult males compared to females. Education levels show that a significant chunk of the population likely holds at least a high school diploma, with many having attended some college or completed an associate’s degree. Age distribution suggests a relatively balanced spread across age groups, potentially indicating a stable population growth. Racial diversity highlights a predominant White... Read more
Race Distribution in Alaska (2022)
Educational Attainment in Alaska (2022)
Age Distribution in Alaska
Citizen Population in Alaska (2022)
Political Trends & Data
Alaska's real estate market might be subtly influenced by its political leaning, with around 53% of votes in the 2020 U.S. Presidential Election seemingly supporting Republican candidates and possibly indicating a conservative electorate. While Democrats possibly captured about 43%, the smaller parties, including Libertarians and Greens, appeared to have limited influence, each securing under 3%. This could shape market preferences slightly toward policies favorable to conservative ideologies,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alaska's 2020 U.S. Presidential Election, Republican candidates seemed to garner more support with approximately 53% of the votes, potentially indicating a conservative-leaning electorate. Democrats possibly trailed behind, capturing around 43%, while minor parties like the Libertarians and Greens appeared to have minimal impact on the overall results, each receiving less than 3% of the vote. This distribution suggests Alaska's political landscape may lean right, though the Democratic presence is still notable.
53.12% of voters voted for the Republican party in the 2020 Presidential Election
43.01% of voters voted for the Democrat party in the 2020 Presidential Election
2.49% of voters voted for the Libertarian party in the 2020 Presidential Election
0.75% of voters voted for the Green party in the 2020 Presidential Election
0.63% of voters voted for the Other party in the 2020 Presidential Election
School Data
Alaska's student-to-teacher ratios have seen significant fluctuations over the past decade, from 40 students per teacher in 2014, dropping to closer to the national average (around 18-19) in 2017-2018, before rising again to 25 in 2019 and stabilizing at 21 recently. These variations are indicative of ongoing efforts to achieve more manageable classroom sizes, which could mean more personalized attention for students. This trend is notable for those eyeing investments in the education sector or... Read more
Student-to-teacher ratio in Alaska over the last 10 years
Alaska's student-to-teacher ratios have fluctuated significantly over the past decade, notably starting at 40 students per teacher in 2014 before dropping to numbers closer to the national average like 18 and 19 from 2017 to 2018. Despite some peaks, such as 25 in 2019 and 21 in recent years, the trend generally indicates an effort to move towards more manageable classroom sizes. For those considering investments in the education sector, or families planning a move, these variations highlight both challenges and improvements in Alaska’s educational environment. Lower ratios might suggest a potential for more personalized attention to each student, which could be a positive sign for the quality of education. Comparatively, the state's ratios exceeding the national average, which is around 14 students per teacher, may prompt stakeholders to consider the impact on educational outcomes and staffing needs.
