Sitka City And Borough Real Estate and Livability Trends

Sitka City and Borough, Alaska's real estate market shows robust growth with median home values jumping from $338,600 in 2015 to $424,700 in 2022, outpacing state and national trends. Financial indicators like the average taxable income hitting $90,112.47 in 2021 and fluctuating local tax liabilities suggest a dynamic economic landscape. Energy tax credits peaking at $400.00 hint at high... Read more

Economic Outlook

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In Sitka City and Borough, Alaska, the average taxable income per tax return has shown consistent growth over the past nine years, hitting $90,112.47 in 2021. This increase in earning power suggests improved economic conditions, making it a potentially attractive location for new residents seeking stable or growing financial opportunities. However, state and local taxes have experienced notable fluctuations, peaking at $4,966.67 in 2018 and seeing significant year-over-year changes.... Read more

Average Taxable Income per Tax Return in Sitka City and Borough, AK over the last 9 years

The average taxable income per tax return in Sitka City and Borough, AK has shown consistent growth over the past nine years, reaching a peak of $90,112.47 in 2021. Notably, there was a significant rise between 2016 and 2017, and a remarkable jump from 2020 to 2021, suggesting increased earning power and potentially improved economic conditions. This trend underscores Sitka's economic resilience and may attract new residents looking for stable or growing financial opportunities.

Cost of Living in Sitka City And Borough

Family Size Housing Food Heath Care Child Care Taxes
2 adults
4 children
$1,870 $1,874 $2,358 $1,709 $1,692
1 adult
4 children
$1,870 $1,530 $1,825 $1,709 $1,814
2 adults
3 children
$1,870 $1,531 $2,035 $1,709 $1,414
1 adult
3 children
$1,870 $1,250 $1,502 $1,709 $1,519
2 adults
2 children
$1,316 $1,253 $1,712 $1,488 $1,035
1 adult
2 children
$1,316 $936 $1,179 $1,488 $1,060
2 adults
1 child
$1,316 $990 $1,389 $769 $883
1 adult
1 child
$1,316 $640 $856 $769 $788
2 adults
$1,110 $796 $1,066 $0 $730
1 adult
$956 $434 $533 $0 $583

Safety trends & Data

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Sitka City and Borough, Alaska, has seen a significant drop in property crimes over the last five years. Larceny-theft incidents peaked at 43 in 2018 but went down to just 3 by 2022. Burglaries and vandalism incidents have also seen declines from 7 and 21 respectively in 2018 to much lower figures recently. Stable, low motor vehicle theft rates could indicate increased safety and stability, possibly making the area more appealing for residents, investors, and real estate... Read more

Property Crime Trends in Sitka City and Borough, AK Over the Last 5 Years

Sitka City and Borough, Alaska, has experienced notable fluctuations in property crimes over the last five years. Larceny-theft saw a peak in 2018 with 43 incidents, dropping to just 3 by 2022. Burglary and vandalism incidents showed a similar trend, with a reduction from 7 and 21 respectively in 2018 to significantly lower figures in recent years. Motor vehicle thefts remained relatively stable but low, peaking slightly in 2019 and 2020. For potential investors, residents, and professionals in real estate or insurance, the decreasing trend in these property crimes could suggest improving safety and stability in the area, making it a potentially attractive location.

Demographics

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Sitka City and Borough, Alaska exhibits a nearly balanced gender distribution among its adult population, skewing only slightly male. Educational attainment data suggests a substantial portion of the population has achieved at least some college education or higher, pointing to a potentially skilled workforce. Age distribution appears relatively diverse, with notable concentration in the 25-34 and 55-64 age brackets, indicating both a solid working-age population and an impending retiree wave.... Read more

Race Distribution in Sitka City and Borough, Alaska (2022)

Educational Attainment in Sitka City and Borough, Alaska (2022)

Age Distribution in Sitka City and Borough, Alaska

Citizen Population in Sitka City and Borough, Alaska (2022)

School Data

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The student-to-teacher ratio in Sitka City and Borough, Alaska, has seen unusual fluctuations over the past decade, peaking at 32 in 2021 before dropping to 21 in 2023, compared to a national average of 14. These changes may reflect variability in local school funding or shifts in population, potentially affecting property values and community development. Lower ratios could suggest periods of increased investment in education or dips in student enrollment, offering insights into the broader... Read more

Student-to-teacher ratio in Sitka City And Borough, Alaska over the last 10 years

The student-to-teacher ratio in Sitka City and Borough, Alaska, has seen significant fluctuations over the past decade. From 2014 to 2023, the ratio peaked dramatically at 32 in 2021, before dropping to 21 in 2023. This is considerably higher than the national average of 14 students per teacher, suggesting potential challenges in classroom management and individualized instruction. For investors or those involved in the real estate market, these fluctuations could imply variability in local school funding or population changes, which may affect property values and community development. Lower ratios in given years might indicate periods of increased investment in education or lower student enrollment, factors that can be quite telling about the area's broader socioeconomic health.