Chugach Census Area Real Estate and Livability Trends
The Chugach Census Area in Alaska has experienced intriguing shifts in its financial landscape and real estate market. Average taxable income per tax return has risen from $71,124.23 in 2019 to $80,389.94 in 2021, while local income taxes have dropped significantly, possibly due to tax incentives. Real estate has shown robust growth, with median home values jumping from $234,300.00 in 2020 to... Read more
Chugach Census Area Market Trends
Over the past three years, median home values in Chugach Census Area, Alaska have surged from $234,300.00 in 2020 to $287,900.00 in 2022, outpacing both the statewide increase to $318,000.00 and the national rise to $179,400.00. This rapid appreciation suggests growing appeal or potential development influences in the Chugach Census Area, presenting compelling considerations for investors and... Read more
Median Value of Occupied Housing Units in Chugach Census Area, Alaska Over the Last 3 Years
Over the past three years, median home values in Chugach Census Area, Alaska have surged from $234,300 in 2020 to $287,900 in 2022, outpacing both the statewide increase to $318,000 and the national rise to $179,400. This rapid appreciation suggests growing appeal or potential development influences in the Chugach Census Area, presenting compelling considerations for investors and residents alike.
Average Real Estate Taxes Per Tax Return in Chugach Census Area, AK Over the Last 3 Years
Real estate taxes per tax return in Chugach Census Area, Alaska show a steady increase over the last three years, rising from $4,627.27 in 2019 to $5,150.00 in 2021. This upward trend may signal a growing demand and potentially increasing property values in the area. For investors and potential homeowners, these shifts suggest the area could be seeing economic growth, which generally coincides with rising property taxes.
Economic Outlook
The Chugach Census Area in Alaska has seen a significant rise in average taxable income per tax return, increasing from $71,124.23 in 2019 to $80,389.94 in 2021. This boost points to an improving financial environment that could lure new residents and businesses. At the same time, local income taxes have plummeted from $1,166.67 to just $300.00, hinting at potential tax incentives that might make the area more attractive financially. Meanwhile, the total tax liability has crept up from... Read more
Average Taxable Income per Tax Return in Chugach Census Area, AK over the last 3 years
The Chugach Census Area in Alaska has experienced a notable rise in average taxable income per tax return over the past three years. From 2019 to 2021, the average taxable income increased from $71,124.23 to $80,389.94, reflecting a growing economic stability and potential for higher earnings in the region. This upward trend suggests an improving financial landscape, which may attract new residents and businesses looking for favorable economic conditions.
Average State and Local Income Taxes Per Tax Return in Chugach Census Area, AK Over the Last 3 Years
Chugach Census Area, AK has seen a significant decline in state and local income taxes per tax return over the past three years, dropping from $1,166.67 in 2019 to just $300.00 in 2021. This trend could suggest improved tax incentives or lower local tax burdens, potentially making it more financially appealing for new residents and businesses.
Average Total Tax Liability Per Tax Return in Chugach Census Area, AK Over the Last 3 Years
In Chugach Census Area, Alaska, average total tax liability per tax return has steadily increased over the last three years. From $10,027.00 in 2019 to $11,842.05 in 2021, the rising tax obligations signal broader economic shifts, likely reflecting growing incomes or changes in tax policy. This trend is a crucial consideration for potential investors, prospective residents, and property developers evaluating the area's financial landscape.
Cost of Living in Chugach Census Area
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,663 | $1,846 | $2,715 | $1,589 | $1,396 |
| 1 adult 4 children | $1,663 | $1,507 | $2,101 | $1,589 | $1,489 |
| 2 adults 3 children | $1,663 | $1,508 | $2,344 | $1,589 | $1,109 |
| 1 adult 3 children | $1,663 | $1,231 | $1,729 | $1,589 | $1,215 |
| 2 adults 2 children | $1,282 | $1,234 | $1,972 | $1,394 | $876 |
| 1 adult 2 children | $1,282 | $922 | $1,358 | $1,394 | $850 |
| 2 adults 1 child | $1,282 | $976 | $1,600 | $760 | $778 |
| 1 adult 1 child | $1,282 | $630 | $986 | $760 | $651 |
| 2 adults | $974 | $784 | $1,229 | $0 | $609 |
| 1 adult | $899 | $427 | $614 | $0 | $511 |
Demographics
Chugach Census Area, Alaska shows a noticeable disparity in gender distribution, with a higher number of males compared to females. The educational attainment suggests that a significant portion of adults has pursued some college education, yet a smaller percentage has achieved graduate or professional degrees. The region displays a majority adult population, with fewer residents in the younger and older age brackets. Racially, it is predominantly White, with smaller representations of Black,... Read more
Race Distribution in Chugach Census Area, Alaska (2022)
Educational Attainment in Chugach Census Area, Alaska (2022)
Age Distribution in Chugach Census Area, Alaska
Citizen Population in Chugach Census Area, Alaska (2022)
School Data
In Chugach Census Area, Alaska, the student-to-teacher ratio has varied notably over the past three years, showing a high of nearly 22 in 2021 and then dropping to around 12 in 2022, before rising to about 15 in 2023. These fluctuations could impact local real estate decisions, as lower ratios may appeal to families seeking better educational attention, while higher ratios might hint at a growing population or limited educational... Read more
Student-to-teacher ratio in Chugach Census Area, Alaska over the last 3 years
The student-to-teacher ratio in the Chugach Census Area, Alaska has fluctuated considerably over the past three years. In 2021, the ratio was quite high at nearly 22 students per teacher, which is well above the national average of 14. However, 2022 saw a substantial decrease to about 12, bringing it closer to the typical U.S. benchmark. More recently, in 2023, the ratio has slightly increased to around 15. This variable suggests changes in school enrollment or staffing and might affect decisions for those considering relocation, investing in local real estate, or assessing property values. Lower ratios could indicate better individual student attention, something attractive for families, while higher ratios could reflect burgeoning local populations or resource constraints.
