- 21,909 employers
- 321,045 employees
- $1,070 average weekly wage
- The average weekly wage is 2.8% below the national average
- The cost of living is 30.6% above the national average
Types of Employers (Private Sector vs. Government Agency)
As an employer in Alaska, you are most likely to be running a private company rather than a government agency. 91.1% of employers run private companies in the state, 5.9% lower than the national average. The remaining 8.9% of employers are government agencies: 2.5% of employers are federal agencies, 3.5% are state agencies and 2.9% are local government agencies. The chart below illustrates this breakout.
76.7% of employees work for a private company. This is 8.5% below the national average of 85.2%. Local government agencies employ 11.9% of the workers in the state, state government agencies employ 6.8% of the workers and the federal government employs 4.6%. The percentage of employees working for a government agency (23.3%) is 8.5% higher than the national average.
The average pay in the state is $1,070, which is 2.8% lower than the national average of $1,101. Alaska workers that are employed by private businesses earn $1,047 per week, 4.8% lower than the national average for private company employees. Employees of federal government agencies in Alaska earn $1,578 per week, a premium of 50.7% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors & Industries
The sector with the greatest number of businesses in the state is Construction with 12.2% of the businesses in the state. Retail trade (11.6%) and Healthcare (11.0%) round out the top 3 sectors. The sector that employs the greatest number of workers is Healthcare which employs 19.1% of all workers, followed by Retail trade and Accommodation and food services which account for 14.5% and 12.4% of private company employees. The table below illustrates the number of businesses by sector:
|Health care and social assistance||2,193||11.0%|
|Professional and technical services||2,106||10.5%|
|Accommodation and food services||2,073||10.4%|
|Other services, except public administration||1,672||8.4%|
|Administrative and waste services||1,172||5.9%|
|Transportation and warehousing||1,157||5.8%|
|Finance and insurance||717||3.6%|
|Real estate and rental and leasing||677||3.4%|
|Arts, entertainment, and recreation||595||3.0%|
|Agriculture, forestry, fishing and hunting||268||1.3%|
|Mining, quarrying, and oil and gas extraction||264||1.3%|
|Management of companies and enterprises||154||0.8%||Utilities||106||0.5%|
The sector with the most employees in the state is Health Care and Social Assistance. The sector employs 47,121, which represents 19.1% of employees in the state. The other large sectors are Retail Trade, which employs 14.5% of the workers in the state and Accommodation and Food Services, which employs 12.4%.
|Health care and social assistance||47,121||19.1%|
|Accommodation and food services||30,500||12.4%|
|Transportation and warehousing||19,949||8.1%|
|Professional and technical services||12,917||5.2%|
|Mining, quarrying, and oil and gas extraction||12,471||5.1%|
|Administrative and waste services||11,547||4.7%|
|Other services, except public administration||9,950||4.0%|
|Finance and insurance||6,839||2.8%|
|Arts, entertainment, and recreation||5,072||2.1%|
|Real estate and rental and leasing||4,578||1.9%|
|Management of companies and enterprises||2,814||1.1%|
|Agriculture, forestry, fishing and hunting||1,390||0.6%|
The sector that has the highest average weekly wage is Mining, Quarrying and Oil/Gas Extraction, which pays an average of $2,668 per week. The Arts and Entertainment sector pays the lowest weekly wage at $434 per week.
|Mining, quarrying, and oil and gas extraction||$2,668|
|Management of companies and enterprises||$1,667|
|Professional and technical services||$1,382|
|Transportation and warehousing||$1,290|
|Finance and insurance||$1,289|
|Health care and social assistance||$1,044|
|Administrative and waste services||$896|
|Real estate and rental and leasing||$874|
|Agriculture, forestry, fishing and hunting||$866|
|Other services, except public administration||$769|
|Accommodation and food services||$475|
|Arts, entertainment, and recreation||$434|
Each broad sector is made up of specific industries. In Alaska the industry with the most businesses is Restaurants and other eating places (with 1,180 businesses employing 18,168 workers). The next two industries are Residential building construction and Offices of physicians. Here are the industries with the most businesses in the state:
|Detailed Industry||# Biz||Emp/Biz|
|Restaurants and other eating places||1,180||15.4|
|Residential building construction||456||3.7|
|Offices of physicians||423||20.0|
|Computer systems design and related services||333||3.9|
|Accounting and bookkeeping services||328||4.1|
|Hotels and motels, except casino hotels||301||25.1|
Restaurants and other eating places is the industry that employs the most workers, employing a total of 18,168 people in 1,180 businesses. On average, these employees are paid $409, 61.8% less than the state average. There are 15.4 employees on average in each of these businesses. The next largest employing industry is General medical and surgical hospitals.
|Detailed Industry||# Emp||Emp/Biz|
|Restaurants and other eating places||18,168||15.4|
|General medical and surgical hospitals||12,495||624.8|
|General merchandise stores, including warehouse clubs and supercenters||9,492||51.6|
|Seafood product preparation and packaging||8,808||60.3|
|Offices of physicians||8,460||20.0|
|Hotels and motels, except casino hotels||7,548||25.1|
The industry that pays the most (on an average weekly basis) is Securities brokerage. There are 224 employees working in 18 businesses. The next best paying industries are Couriers and express delivery services and Portfolio management.
|Detailed Industry||Wkly Wage|
|Couriers and express delivery services||$2,457|
|Computer and software merchant wholesalers||$2,310|
|Other heavy construction||$2,124|
|Oil and gas pipeline construction||$2,110|
The solopreneur category which employs 5 or fewer workers represent nearly 60% of all businesses, which is slightly below the national average, however all small businesses (under 50 employees) at 96.1% is slightly above the national average of 95.6%. Mid-sized companies (50-500 employees) represent 3.8% of all businesses leaving the final 0.1% of companies employ 500 or more.
Smaller businesses employ more workers (49.1%) than the national average of 43.8%, which is almost directly offset in that large businesses employ 12.2% of workers as compared to the national average of 17.4%. Both are different by about 5.2-5.3%.
The pay distribution chart below is a little different when compared to many states. The difference is that the largest companies (over 1,000) don’t pay the most, companies that employ between 500 and 999 pay the most at $1,806 per week, which is 14% higher than the national average for this pocket of companies. The smallest companies pay a bit less, 9%, than the national average – with mid-sized companies (20-250 employees) pay relatively close to their national averages, about 4% lower.
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.