Home > Economic Development > Economic Indicators
Below are listed some of the economic indicators that help describe the economic
vitality and potential of the Skagway economy. More indicators will be added over time.
These indicators are derived from various state and federal agencies, and SDC
cannot vouch for their accuracy.
Wages
Effective January 1, 2003, the minimum wage in Alaska is $7.15 per hour.

For a comprehensive look at occupational wages for Southeast Alaska, click here.
These are compiled by the Dept. of Labor & Workforce Development and reflect the
wages as of May 2005.

The Cost of Living Pay Differential (COLA) for Skagway is 105% with Anchorage
being the Base (100).
Unemployment
The unemployment rates for Skagway alone are difficult to determine as Skagway is
included in the Skagway-Angoon-Hoonah Census Area (CA). There are at least seven
(7) communities in this Census Area and although geographically close they have very
differing economies and employment opportunities. Although only anecdotal, it would
be difficult to imagine any unemployment in Skagway during May-September. At this
time many people have more than one job to ensure they have plenty of savings to get
them through the leaner winter months. Many people would prefer to be working in the
winter given the opportunity. Skagwegians are not scared of work and usually work
long hours, 6 to 7 days a week in the summer.

The unemployment rates for January and July (below) are indicative of the seasonal
nature of the Skagway economy and that of Southeast Alaska as a whole.
AREA
 January 2007
%
 March 2007
%
May 2006
%
 July 2006
%
 September 2006
%
 November 2006
%
Skagway CA
23.2
19.3
9.1
6.6
 6.0
18.6
Alaska
6.4
6.6
6.9
6.3
 5.9
6.1
USA
4.6
4.5
4.4
5.0
4.4
4.3
Source: Alaska Department. of Labor & Workforce Development.
Income and Poverty Levels
Source: US Census 2000
Per Capita Income
 $27,700
Median Household Income
 $49,375
Median Family Income
 $62,188
Persons in Poverty
 32
Percent Below Poverty Level
 3.7%
CPI for Anchorage and U.S.  
Annual Average Consumer Price Index
All Items - All Urban Consumers
US
Anchorage
Year
Average
 % Change
from Previous
Year
Average
 % Change
from Previous
Year
2006
201.6
3.2
177.3
3.2
2005
195.3
3.4
171.8
3.1
2004
188.9
2.6
166.7
2.6
2003
184.0
2.3
162.5
2.7
2002
179.9
1.6
158.2
1.9
2001
177.1
2.8
155.2
2.8
2000
172.2
3.4
150.9
1.7
1999
166.6
2.2
148.4
1.0
Source: U.S. Dept. of Labor, Bureau of Labor Statistics (BLS).
Base: 1982-84=100 Last Update: 2/4/05
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Economic Indicators and Information
Skagway Development Corporation
Taxes
The City of Skagway has
adopted the following tax
schedule:

Sales Tax: 4.0%
Bed Tax:   8.0%

Property Tax (2006-07):
Service Area I:   8.48 mills
Service Area II:  7.00 mills
Service Area III:  5.60 mills
Service Area IV: 3.65 mills
Service Area V:  1.53 mills

A $100,000 home
will cost between
$153 - $848 in
Property Taxes
depending on the
Service Area.

There are NO State
sales or income taxes.

There are NO local
personal property or
income taxes.