1st Advantage MortgageIn Skagway Municipality, Alaska, the typical household earns $81,136 a year and the typical rent is $1,280. Your income, debts and credit decide what you qualify for. Get offers in writing, compare the total repaid, and never pay a fee up front.
On this page
- Skagway Municipality at a glance
- The Skagway Municipality job picture
- Income in Skagway Municipality compared with Alaska
- Skagway Municipality housing compared with Alaska
- Skagway Municipality and the counties next door
- Skagway Municipality towns compared
- Room for a loan payment in Skagway Municipality
- Skagway Municipality households compared
- What the numbers mean for Skagway Municipality borrowers
- Four steps for Skagway Municipality borrowers
- Lender oversight for Skagway Municipality
- Nearby and statewide guides
- Frequently asked questions
Skagway Municipality at a glance
The latest five-year Census estimate puts Skagway Municipality's population at 1,244; only 26 of Alaska's 30 county-level areas are larger. It covers 443 square miles of land, or about 3 people per square mile. It sits outside every metropolitan statistical area in the July 2023 OMB delineation. Of the 1 Census place inside Skagway Municipality, Skagway leads by population with about 1,174. With so few households sampled, Skagway Municipality estimates can move a lot between releases.
The Skagway Municipality job picture
The biggest employer of Skagway Municipality residents, by industry, is public administration at 21% of workers, followed by arts, lodging and food service (20%). The sharpest difference from the state is in arts, lodging and food service, at 20% locally and 8% for Alaska. ACS puts five-year average unemployment at 9.1% in Skagway Municipality. Only 10.0% of homes here go without a vehicle.
| Sector | Skagway Municipality | Compared with Alaska |
|---|---|---|
| Public administration | 20.5% | +8.6 pts |
| Arts, lodging and food service | 19.5% | +11.2 pts |
| Manufacturing | 11.0% | +6.9 pts |
| Transportation, warehousing and utilities | 10.3% | +1.2 pts |
| Retail trade | 9.9% | 0.0 pts |
| Education and health care | 8.5% | -16.0 pts |
A lender verifies what your own job pays. The county's industry mix tells you about the local economy, not about your application.
Income in Skagway Municipality compared with Alaska
At $81,136, the typical Skagway Municipality household income is 24% above the median U.S. county ($65,681). In the state ranking that is 15th of 30.
| Household income | Skagway Municipality | vs Alaska |
|---|---|---|
| Under $35,000 | 19.8% | +3.6 pts |
| $35,000 to $99,999 | 38.9% | +1.6 pts |
| $100,000 to $199,999 | 28.0% | -3.9 pts |
| $200,000 or more | 13.3% | -1.3 pts |
The spread is wide: 41% of Skagway Municipality households make $100,000 or more, and 20% make less than $35,000. 5.9% of residents fall below the federal poverty line (statewide: 10.1%). Income inequality, measured by the Gini index, comes to 0.462 here. A household earning below the $81,136 median should test any payment carefully; one earning above it should still pick the shortest term it can manage.
Skagway Municipality housing compared with Alaska
Median gross rent, utilities included, comes to $1,280 in Skagway Municipality versus $1,419 statewide. By the Census definition, 47% of Skagway Municipality renters are cost-burdened. The median owner-occupied home is valued at $435,400, about 5.4 times the median household income. The ownership rate is 71%.
| Home costs | Skagway Municipality | Alaska | U.S. middle county |
|---|---|---|---|
| Median gross rent | $1,280/mo | $1,419/mo | $877/mo |
| Median home value | $435,400 | $352,900 | $185,300 |
| Owners | 71% | 67% | 75% |
| Rent-burdened renters | 47% | 45% | 45% |
| Burdened owners | 31% | 29% | n/a |
| Vacant units | 32% | 18% | n/a |
Skagway Municipality and the counties next door
Nearest neighbors first, measured between county centers (33 to 189 miles). Sitka City and Borough leads the group on income ($101,727), Hoonah-Angoon Census Area trails ($61,406), and Skagway Municipality out-earns 2 of the six.
| County | Distance | Median income | Median rent | Owners |
|---|---|---|---|---|
| Skagway Municipality | - | $81,136 | $1,280/mo | 71% |
| Haines Borough, AK | 33 mi | $86,927 | $1,087/mo | 78% |
| Hoonah-Angoon Census Area, AK | 82 mi | $61,406 | $1,014/mo | 72% |
| Juneau City and Borough, AK | 92 mi | $101,661 | $1,444/mo | 64% |
| Sitka City and Borough, AK | 164 mi | $101,727 | $1,341/mo | 62% |
| Yakutat City and Borough, AK | 179 mi | $85,000 | $1,330/mo | 56% |
| Petersburg Borough, AK | 189 mi | $75,125 | $950/mo | 66% |
Skagway Municipality towns compared
Just one Census place, Skagway, lies mainly within Skagway Municipality; it holds about 1,174 people. None of the 1 has its own city guide, so this page covers all of them.
| Town or CDP | Type | People | Median household income | Median gross rent | Miles from center |
|---|---|---|---|---|---|
| Skagway | CDP | 1,174 | $89,028 | $1,280 | 7 mi |
Room for a loan payment in Skagway Municipality
How much room does a median Skagway Municipality budget have? Take median income, subtract median rent, and check what is left under a few common debt-to-income limits.
- Monthly gross at the median, Skagway Municipality: $6,761
- Housing at the median rent of $1,280 uses 19%
- 35% debt-to-income limit: $1,086 left for all other debt payments
- With a 45% ceiling, about $1,763 remains for car, card, student and any new loan payments
If your rent is above $1,280, the room shrinks dollar for dollar.
Skagway Municipality households compared
College graduates make up 29% of the adult population. About 9% go without health insurance.
| Residents | Skagway Municipality | Alaska | Middle U.S. county |
|---|---|---|---|
| Median age | 41.2 | 35.8 | 41.5 |
| Bachelor's or higher | 28.5% | 31.7% | 22.2% |
| No high school diploma | 6.5% | 6.4% | n/a |
| No health insurance | 8.5% | 11.0% | 7.8% |
| No vehicle | 10.0% | 9.0% | 5.4% |
| Work from home | 4.6% | 9.7% | 8.7% |
| Poverty rate | 5.9% | 10.1% | 13.2% |
| Unemployment (ACS) | 9.1% | 5.9% | 4.4% |
What the numbers mean for Skagway Municipality borrowers
A few patterns in the Skagway Municipality data, and the practical point behind each:
- Six-figure budgets. For the 41% earning $100,000 or more, lifestyle creep, not approval, is the usual problem.
- Tight rental budgets. With 47% of Skagway Municipality renters cost-burdened, test a new payment against a lean month.
- Scams. A fee demanded before funding is a red flag; report it at ReportFraud.ftc.gov (spotting scams).
Four steps for Skagway Municipality borrowers
Steps that save money for Skagway Municipality residents:
- Write down what the expense costs; a smaller loan costs less.
- Shop at least three lenders, including one Skagway Municipality-area credit union.
- Check the license, then the reviews, then the offer.
- Pick the shortest term whose payment still fits.
Lender oversight for Skagway Municipality
Licensing happens at the state level, so a lender working with Skagway Municipality borrowers answers to the Alaska Division of Banking and Securities. Federal complaints: consumerfinance.gov. Statewide data and rules: Alaska guide.
Nearby and statewide guides
The Alaska guide covers the whole state.
Frequently asked questions
What does a typical Skagway Municipality household make?
About $81,136 a year at the median (ACS 2020-24), 13% below the Alaska median.
What do renters pay in Skagway Municipality?
$1,280 a month at the median, about 19% of median household income.
Should Skagway Municipality homeowners use home equity instead?
Maybe, but weigh the risk: 71% of Skagway Municipality homes are owner-occupied, and a home-equity loan or line is secured by the house while a personal loan usually is not.
Does this page cover Skagway?
Yes, along with the other 0 Census places in Skagway Municipality.
Does my county matter to the questionnaire?
Only your state does. Whether you live in Skagway Municipality or elsewhere in Alaska, the same rules apply.