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Homer City, Alaska Economic Analysis

   (County: Kenai Peninsula Borough)

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Economic Analysis

People and the communities they live in depend on money. The people of Homer City, Alaska need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Alaska

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.11 9.01 7.91 13.22 0.00 9.48
  Total Electric Industry 10.11 9.01 7.91 13.22 0.00 9.48
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.67 9.27 8.22 12.12 0.00 9.80
  Total Electric Industry 10.67 9.27 8.22 12.12 0.00 9.80
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.82 9.45 7.74 14.21 0.00 9.95
  Total Electric Industry 10.82 9.45 7.74 14.21 0.00 9.95
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.15 9.55 8.19 12.77 0.00 10.12
  Total Electric Industry 11.15 9.55 8.19 12.77 0.00 10.12
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.32 9.66 8.37 12.57 0.00 10.25
  Total Electric Industry 11.32 9.66 8.37 12.57 0.00 10.25
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.24 9.54 8.38 13.26 0.00 10.17
  Total Electric Industry 11.24 9.54 8.38 13.26 0.00 10.17
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.36 9.58 8.47 13.34 0.00 10.24
  Total Electric Industry 11.36 9.58 8.47 13.34 0.00 10.24
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.44 9.51 7.48 14.75 0.00 10.07
  Total Electric Industry 11.44 9.51 7.48 14.75 0.00 10.07
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.50 9.48 7.17 13.68 0.00 9.97
  Total Electric Industry 11.50 9.48 7.17 13.68 0.00 9.97
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.16 9.20 7.32 14.16 0.00 9.78
  Total Electric Industry 11.16 9.20 7.32 14.16 0.00 9.78
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.45 9.77 7.56 14.17 0.00 10.08
  Total Electric Industry 11.45 9.77 7.56 14.17 0.00 10.08
2001              
  Full-Service Providers 12.12 10.29 7.61 14.37 0.00 10.54
  Total Electric Industry 12.12 10.29 7.61 14.37 0.00 10.54
2002              
  Full-Service Providers 12.05 10.13 7.65 14.04 0.00 10.46
  Total Electric Industry 12.05 10.13 7.65 14.04 0.00 10.46
2003              
  Full-Service Providers 11.98 10.49 7.86 0.00 0.00 10.50
  Total Electric Industry 11.98 10.49 7.86 0.00 0.00 10.50
2004              
  Full-Service Providers 12.44 10.99 8.33 0.00 0.00 10.99
  Total Electric Industry 12.44 10.99 8.33 0.00 0.00 10.99
2005              
  Full-Service Providers 13.30 11.56 9.29 0.00 0.00 11.72
  Total Electric Industry 13.30 11.56 9.29 0.00 0.00 11.72
2006              
  Full-Service Providers 14.83 11.93 11.54 0.00 0.00 12.84
  Total Electric Industry 14.83 11.93 11.54 0.00 0.00 12.84

(updated 2006)



Time Leaving to Work in Homer City, Alaska

12:00 A.M. TO 4:59 A.M.   : 62   (3.8%)
5:00 A.M. TO 5:29 A.M.   : 9   (0.6%)
5:30 A.M. TO 5:59 A.M.   : 33   (2.0%)
6:00 A.M. TO 6:29 A.M.   : 110   (6.7%)
6:30 A.M. TO 6:59 A.M.   : 80   (4.9%)
7:00 A.M. TO 7:29 A.M.   : 170   (10.4%)
7:30 A.M. TO 7:59 A.M.   : 293   (18.0%)
8:00 A.M. TO 8:29 A.M.   : 263   (16.1%)
8:30 A.M. TO 8:59 A.M.   : 150   (9.2%)
9:00 A.M. TO 9:59 A.M.   : 134   (8.2%)
10:00 A.M. TO 10:59 A.M.   : 85   (5.2%)
11:00 A.M. TO 11:59 A.M.   : 26   (1.6%)
12:00 P.M. TO 3:59 P.M.   : 117   (7.2%)
4:00 P.M. TO 11:59 P.M.   : 98   (6.0%)


(updated 2010)



Means Of Transportation
(Homer City, Alaska)

Car, truck, or van:

Drove alone : 1,779

Carpooled:

In 2-person carpool : 132

In 3-person carpool : 62

In 4-person carpool : 0

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 3

Public transportation (excluding taxicab):

Bus or trolley bus : 0

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 16

Taxicab : 17

Motorcycle : 0

Bicycle : 19

Walked : 138

Other means : 143

Worked at home : 242


(updated 2009)



Travel Time To Work
(Homer City, Alaska)

Less than 5 minutes : 263

5 to 9 minutes : 672

10 to 14 minutes : 592

15 to 19 minutes : 508

20 to 24 minutes : 130

25 to 29 minutes : 14

30 to 34 minutes : 41

35 to 39 minutes : 0

40 to 44 minutes : 17

45 to 59 minutes : 10

60 to 89 minutes : 22

90 or more minutes : 40


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Homer City, Alaska)

With Social Security income : 624

No Social Security income : 1,627


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Homer City, Alaska)

With retirement income : 533

No retirement income : 1,718


(updated 2009)



Family Income (Annual)
(Homer City, Alaska)

Less than $10,000 : 11

$10,000 to $14,999 : 14

$15,000 to $19,999 : 24

$20,000 to $24,999 : 73

$25,000 to $29,999 : 54

$30,000 to $34,999 : 76

$35,000 to $39,999 : 89

$40,000 to $44,999 : 61

$45,000 to $49,999 : 39

$50,000 to $59,999 : 124

$60,000 to $74,999 : 201

$75,000 to $99,999 : 143

$100,000 to $124,999 : 121

$125,000 to $149,999 : 110

$150,000 to $199,999 : 96

$200,000 or more : 89


(updated 2009)



Median Family Income (Annual)
(Homer City, Alaska)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $67,188


(updated 2009)



AM Radio Stations Near Homer City, Alaska

  • KGTL (620 AM; 5.0 kW; Anchor Point, AK; Owner: Peninsula Communications, Inc.)
  • KBBI (890 AM; 10.0 kW; Anchor Point, AK; Owner: Kachemak Bay Broadcasting Inc)

FM Radio Stations Near Homer City, Alaska

  • KWVV-FM (103.5 FM; Anchor Point, AK; Owner: Peninsula Communications, Inc.)
  • NEW (88.1 FM; Seldovia, AK; Owner: Alaska Educational Radio System, Inc.)
  • NEW (88.3 FM; Ninilchik, AK; Owner: Alaska Educational Radio System, Inc.)
  • KMJG (88.9 FM; Anchor Point, AK; Owner: Kasilof Public Broadcasting, Inc.)
  • NEW (89.9 FM; Anchor Point, AK; Owner: New Life Tabernacle Homer Ak)
  • NEW (90.7 FM; Anchor Point, AK; Owner: Blessed Hope Baptist Mission)
  • NEW (90.7 FM; Ninilchik, AK; Owner: Blessed Hope Baptist Mission)
  • NEW (90.9 FM; Anchor Point, AK; Owner: New Life Tabernacle Homer Ak)
  • NEW (91.1 FM; Anchor Point, AK; Owner: Homer Seventh-day Adventist Church)
  • NEW (91.3 FM; Anchor Point, AK; Owner: Kachemak Bay Broadcasting, Inc.,)
  • NEW (91.7 FM; Anchor Point, AK; Owner: New Life Tabernacle Homer Ak)
  • NEW (91.9 FM; Seldovia, AK; Owner: Alaska Educational Radio System, Inc.)

(updated 2008)



Occupations in Homer City, Alaska

Male:


  • Management, Professional, And Related Occupations: 257  (28.5%)
  • Service Occupations: 118  (13.1%)
  • Sales And Office Occupations: 117  (13.0%)
  • Farming, Fishing, And Forestry Occupations 50  (5.5%)
  • Construction, Extraction, And Maintenance Occupations: 159  (17.6%)

Female:


  • Management, Professional, And Related Occupations: 328  (38.2%)
  • Service Occupations: 209  (24.3%)
  • Sales And Office Occupations: 274  (31.9%)
  • Farming, Fishing, And Forestry Occupations 5  (0.6%)
  • Construction, Extraction, And Maintenance Occupations: 10  (1.2%)


(updated 2010)





There are 35 Farms In Homer City, Alaska


(updated 2008)



Banks In Homer City, Alaska

Wells Fargo Bank, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

First National Bank Alaska - 1 Branches


    Bank Assets: $3.1m
    Industry Specialization: Commercial Lending
    Total Offices: 30

(updated 2014)







Airports Near Homer City, Alaska

  • Homer Airport


    (about 1.7 miles in Anchor Point, Alaska; Airport Code: HOM)

  • Glacier Split


    (about 11.1 miles in English Bay, Alaska; Airport Code: AA4)

  • Kasitsna


    (about 12.1 miles in Seldovia, Alaska; Airport Code: KRM)

  • Bradley Lake Project Airport


    (about 13.7 miles in Anchor Point, Alaska; Airport Code: A93)

  • Seldovia Airport


    (about 15.7 miles in Seldovia, Alaska; Airport Code: SOV)

  • Bradley Lake Airport


    (about 17.8 miles in Anchor Point, Alaska; Airport Code: A23)

  • Bear Cove Farm


    (about 18.5 miles in English Bay, Alaska; Airport Code: A71)

  • Port Graham Airport


    (about 23.0 miles in Seldovia, Alaska; Airport Code: PGM)

  • Nanwalek Airport


    (about 24.4 miles in Seldovia, Alaska; Airport Code: KEB)

  • Ninilchik Airport


    (about 26.1 miles in Ninilchik, Alaska; Airport Code: NIN)


(updated 2015)



Modes of Transportation in Homer City, Alaska

Car, Truck, Or Van:

 

Drove Alone

66.69%

Carpooled

11.59%

Public Transportation:

 

Bus Or Trolley Bus

0.17%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

1.01%

Motorcycle

0.0%

Bicycle

0.56%

Walked

5.71%

Other Means

5.54%

Worked At Home

8.73%



(updated 2010)





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