1st Advantage MortgagePetersburg Borough households have a median income of $75,125 and median rent of $950 a month (ACS 2020 to 2024). Whatever your own numbers, compare written offers on APR, fees and total cost, and verify the lender is licensed in Alaska before sharing details.
On this page
- Who lives in Petersburg Borough
- Paychecks and income spread in Petersburg Borough
- How Petersburg Borough residents earn a living
- Housing costs in Petersburg Borough
- Places inside Petersburg Borough
- Petersburg Borough next to its neighbors
- Room for a loan payment in Petersburg Borough
- What the numbers mean for Petersburg Borough borrowers
- Petersburg Borough residents: age, schooling, coverage
- Checklist for Petersburg Borough applicants
- Licensing and complaints for Petersburg Borough
- Nearby and statewide guides
- Frequently asked questions
Who lives in Petersburg Borough
Roughly 3,409 residents live in Petersburg Borough, Alaska, 21st by population among the state's 30 counties and county equivalents. Spread over 2,901 square miles, that works out to roughly 1.2 residents per square mile. No metropolitan area includes Petersburg Borough in the 2023 federal delineation, so its numbers stand on their own rather than as part of a metro. Petersburg is the biggest of its 3 Census places, at roughly 3,227 people (95% of the county total). Small populations mean wide margins of error, so read every Petersburg Borough figure on this page as a rough guide.
Paychecks and income spread in Petersburg Borough
At $75,125, the typical Petersburg Borough household income is 14% above the median U.S. county ($65,681). In the state ranking that is 21st of 30.
| Yearly household income | Petersburg Borough | Gap to Alaska |
|---|---|---|
| Under $35,000 | 18.2% | +2.0 pts |
| $35,000 to $99,999 | 52.2% | +14.9 pts |
| $100,000 to $199,999 | 20.9% | -11.0 pts |
| $200,000 or more | 8.8% | -5.8 pts |
The spread is wide: 30% of Petersburg Borough households make $100,000 or more, and 18% make less than $35,000. The poverty rate is 7.0%, 3 points lower than the state's 10.1%. Income inequality, measured by the Gini index, comes to 0.383 here. Income from any regular source can count, including Social Security, pensions and disability benefits, as long as you can document it.
How Petersburg Borough residents earn a living
By the Census industry count, 23% of employed Petersburg Borough residents work in education and health care and 18% in agriculture, forestry and mining. Agriculture, forestry and mining stands out: 18% of workers here, versus 5% statewide. ACS puts five-year average unemployment at 3.8% in Petersburg Borough. Long commutes are the exception here: 1% of workers spend 45 minutes or longer getting to work. 11.1% of households have no vehicle.
| Where residents work | Petersburg Borough | Difference from Alaska |
|---|---|---|
| Education and health care | 22.9% | -1.6 pts |
| Agriculture, forestry and mining | 17.7% | +12.9 pts |
| Retail trade | 14.5% | +4.6 pts |
| Arts, lodging and food service | 9.3% | +1.0 pts |
| Transportation, warehousing and utilities | 6.4% | -2.8 pts |
| Manufacturing | 6.3% | +2.2 pts |
Industry shapes paperwork. Salaried and public jobs are easy to verify, while hourly, tipped, commission or contract earners in Petersburg Borough should have bank statements and tax returns ready.
Housing costs in Petersburg Borough
Renters in Petersburg Borough pay a median of $950 a month, 33% below the Alaska figure of $1,419. By the Census definition, 34% of Petersburg Borough renters are cost-burdened. Home values center on $315,100, or 4.2 years of median income. 66% of Petersburg Borough households own their home and 34% rent. Median construction year: 1979.
| Home costs | Petersburg Borough | Alaska | U.S. middle county |
|---|---|---|---|
| Median gross rent | $950/mo | $1,419/mo | $877/mo |
| Median home value | $315,100 | $352,900 | $185,300 |
| Owners | 66% | 67% | 75% |
| Rent-burdened renters | 34% | 45% | 45% |
| Burdened owners | 18% | 29% | n/a |
Places inside Petersburg Borough
Here are the 3 most populous of the county's 3 Census places, with income and rent from the same 2020 to 2024 survey. About 95% of Petersburg Borough residents live in one of the 3. This guide covers each of the 3 places and the rural areas around them.
| Place | Type | Population | Median income | Median rent | From county center |
|---|---|---|---|---|---|
| Petersburg | CDP | 3,227 | $71,369 | $1,082 | 25 mi |
| Kupreanof | city | 10 | n/a | n/a | 20 mi |
| Hobart Bay | CDP | 0 | n/a | n/a | 24 mi |
A CDP is a named community without its own municipal government.
Petersburg Borough next to its neighbors
The six counties whose centers lie closest to Petersburg Borough's, from 74 to 139 miles away. Income ranges from $61,156 in Prince of Wales-Hyder Census Area to $101,727 in Sitka City and Borough; 3 of these neighbors top Petersburg Borough's median.
| County | Miles | Median household income | Median rent | Homeownership |
|---|---|---|---|---|
| Petersburg Borough | - | $75,125 | $950/mo | 66% |
| Wrangell City and Borough, AK | 74 mi | $63,750 | $993/mo | 59% |
| Sitka City and Borough, AK | 89 mi | $101,727 | $1,341/mo | 62% |
| Juneau City and Borough, AK | 97 mi | $101,661 | $1,444/mo | 64% |
| Prince of Wales-Hyder Census Area, AK | 99 mi | $61,156 | $964/mo | 71% |
| Ketchikan Gateway Borough, AK | 136 mi | $92,885 | $1,505/mo | 69% |
| Hoonah-Angoon Census Area, AK | 139 mi | $61,406 | $1,014/mo | 72% |
Room for a loan payment in Petersburg Borough
Lenders compare monthly debt payments with gross monthly income, the debt-to-income ratio. For a Petersburg Borough household at the medians it works out like this; treat it as an illustration only.
- $75,125 a year is $6,260 of gross monthly income
- Median rent: $950, or 15 cents of every gross dollar
- Under a 36% cap, $2,254 total minus rent leaves $1,304
Subtract what you already pay on other debts. A new payment should fit in what remains, with some to spare.
What the numbers mean for Petersburg Borough borrowers
The county's numbers point to a few situations that come up often for Petersburg Borough borrowers.
- Fixed incomes. Petersburg Borough's median age is 45.7. Social Security and pensions count as income when documented.
- Know your credit. Review all three bureau reports for free (AnnualCreditReport.com).
- Combining balances. It helps when total cost falls and the cards stay paid down (consolidation).
Petersburg Borough residents: age, schooling, coverage
College graduates make up 26% of the adult population. 9.3% of residents have no health coverage.
| Indicator | Petersburg Borough | All of Alaska | U.S. county median |
|---|---|---|---|
| Median age | 45.7 | 35.8 | 41.5 |
| Bachelor's or higher | 25.8% | 31.7% | 22.2% |
| No high school diploma | 9.5% | 6.4% | n/a |
| No health insurance | 9.3% | 11.0% | 7.8% |
| No vehicle | 11.1% | 9.0% | 5.4% |
| Work from home | 6.5% | 9.7% | 8.7% |
| Poverty rate | 7.0% | 10.1% | 13.2% |
| Unemployment (ACS) | 3.8% | 5.9% | 4.4% |
| One-way commute | Share of Petersburg Borough workers |
|---|---|
| Under 15 min | 92.8% |
| 15 to 29 min | 4.5% |
| 30 to 44 min | 1.4% |
| 45 to 59 min | 0.5% |
| 60+ min | 0.7% |
Checklist for Petersburg Borough applicants
A short checklist for Petersburg Borough borrowers:
- Know the exact dollar figure you need before talking to a lender.
- Collect three written offers and compare APR and total repaid.
- Verify the Alaska license before giving out your Social Security number.
- Read the final agreement; it must match the offer.
Licensing and complaints for Petersburg Borough
Licensing happens at the state level, so a lender working with Petersburg Borough borrowers answers to the Alaska Division of Banking and Securities. A CFPB complaint gets forwarded to the company for a response. The Alaska guide covers state rules in more detail.
Nearby and statewide guides
For statewide rules and data, see the Alaska guide.
Frequently asked questions
What is the median household income in Petersburg Borough?
$75,125 a year in the 2020 to 2024 Census survey, versus $92,788 for Alaska. It ranks 21st of 30 in the state.
Is Petersburg Borough expensive for renters?
Median rent is $950 against $1,419 statewide, and 34% of renter households are cost-burdened.
Does this page cover Petersburg?
Yes, along with the other 2 Census places in Petersburg Borough, such as Kupreanof, Hobart Bay.
Does living in Petersburg Borough change what I qualify for?
Not in our fit check, which uses only the amount, credit range, income and payments you enter, the same for a Petersburg Borough resident as anyone. Lenders decide under fair-lending law.
Who regulates personal lenders for Petersburg Borough residents?
The Alaska Division of Banking and Securities licenses consumer lenders in Alaska; the CFPB takes complaints about any lender, and the FTC wants to hear about fee-first offers.