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Kenai Peninsula Borough, Alaska Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Kenai Peninsula Borough, 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 Kenai Peninsula Borough, Alaska

12:00 A.M. TO 4:59 A.M.   : 752   (4.0%)
5:00 A.M. TO 5:29 A.M.   : 522   (2.8%)
5:30 A.M. TO 5:59 A.M.   : 580   (3.1%)
6:00 A.M. TO 6:29 A.M.   : 1,082   (5.8%)
6:30 A.M. TO 6:59 A.M.   : 1,344   (7.2%)
7:00 A.M. TO 7:29 A.M.   : 2,440   (13.1%)
7:30 A.M. TO 7:59 A.M.   : 3,427   (18.3%)
8:00 A.M. TO 8:29 A.M.   : 2,172   (11.6%)
8:30 A.M. TO 8:59 A.M.   : 1,255   (6.7%)
9:00 A.M. TO 9:59 A.M.   : 1,515   (8.1%)
10:00 A.M. TO 10:59 A.M.   : 743   (4.0%)
11:00 A.M. TO 11:59 A.M.   : 363   (1.9%)
12:00 P.M. TO 3:59 P.M.   : 1,262   (6.8%)
4:00 P.M. TO 11:59 P.M.   : 1,225   (6.6%)


(updated 2010)



Household Size By Vehicles Available
(Kenai Peninsula Borough, Alaska)

1-person household:

No vehicle available : 768

1 vehicle available : 3,468

2 vehicles available : 1,205

3 vehicles available : 326

4 or more vehicles available : 142

2-person household:

No vehicle available : 155

1 vehicle available : 1,622

2 vehicles available : 4,262

3 vehicles available : 1,806

4 or more vehicles available : 536

3-person household:

No vehicle available : 119

1 vehicle available : 738

2 vehicles available : 1,149

3 vehicles available : 735

4 or more vehicles available : 295

4-or-more-person household:

No vehicle available : 105

1 vehicle available : 836

2 vehicles available : 1,766

3 vehicles available : 986

4 or more vehicles available : 399


(updated 2013)



Household Size By Number Of Workers In Household
(Kenai Peninsula Borough, Alaska)

1-person household:

No workers : 3,014

1 worker : 2,895

2-person household:

No workers : 2,412

1 worker : 3,038

2 workers : 2,931

3-person household:

No workers : 353

1 worker : 1,344

2 workers : 1,084

3 workers : 255

4-or-more-person household:

No workers : 288

1 worker : 1,734

2 workers : 1,477

3 or more workers : 593


(updated 2013)



Means of Transportation To Work
(Kenai Peninsula Borough, Alaska)

Car, truck, or van:

Drove alone : 17,164

Carpooled:

In 2-person carpool : 1,793

In 3-person carpool : 391

In 4-person carpool : 86

In 5- or 6-person carpool : 81

In 7-or-more-person carpool : 10

Public transportation (excluding taxicab):

Bus or trolley bus : 192

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

Subway or elevated : 0

Railroad : 0

Ferryboat : 22

Taxicab : 43

Motorcycle : 19

Bicycle : 89

Walked : 1,529

Other means : 1,870

Worked at home : 1,566


(updated 2013)



Travel Time To Work
(Kenai Peninsula Borough, Alaska)

Less than 5 minutes : 1,951

5 to 9 minutes : 4,964

10 to 14 minutes : 4,234

15 to 19 minutes : 3,608

20 to 24 minutes : 3,094

25 to 29 minutes : 1,203

30 to 34 minutes : 1,917

35 to 39 minutes : 428

40 to 44 minutes : 432

45 to 59 minutes : 637

60 to 89 minutes : 214

90 or more minutes : 607


(updated 2013)



Occupations in Kenai Peninsula Borough, Alaska

Male:


  • Management, Professional, And Related Occupations: 2,605  (23.1%)
  • Service Occupations: 1,408  (12.5%)
  • Sales And Office Occupations: 1,369  (12.1%)
  • Farming, Fishing, And Forestry Occupations 441  (3.9%)
  • Construction, Extraction, And Maintenance Occupations: 3,276  (29.1%)

Female:


  • Management, Professional, And Related Occupations: 2,976  (32.7%)
  • Service Occupations: 2,063  (22.7%)
  • Sales And Office Occupations: 3,371  (37.1%)
  • Farming, Fishing, And Forestry Occupations 44  (0.5%)
  • Construction, Extraction, And Maintenance Occupations: 118  (1.3%)


(updated 2010)





Employment Rate In Kenai Peninsula Borough, Alaska

Employed: 23,317
Unemployed: 2,101



Minority Owned Firms of 100 or More in
Kenai Peninsula Borough, Alaska

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 6.1%
  • Total Asian-owned firms of 100 or more, percent 2002: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 19.3%
  • Other: 74.6%



Water Usage In Kenai Peninsula Borough, Alaska

Ground Water

 
Fresh 7.26 Mgal/d
Saline 0.00 Mgal/d

Total 7.26 Mgal/d
 

Surface Water

 
Fresh 0.00 Mgal/d
Saline 0.00 Mgal/d

Total 0.00 Mgal/d





There are 264 Farms In Kenai Peninsula Borough, Alaska


(updated 2008)



Banks In Kenai Peninsula Borough, Alaska

Wells Fargo Bank, National Association - 4 Branches


    Bank Assets: $5.7b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

First National Bank Alaska - 4 Branches


    Bank Assets: $12.6m
    Industry Specialization: Commercial Lending
    Total Offices: 30

Keybank National Association - 2 Branches


    Bank Assets: $178m
    Industry Specialization: Commercial Lending
    Total Offices: 1,026

(updated 2014)







Airports Near Kenai Peninsula Borough, Alaska

  • Soldotna Airport


    (about 8.9 miles in Soldotna, Alaska; Airport Code: SXQ)

  • Kenai Municipal


    (about 17.6 miles in Kenai, Alaska; Airport Code: ENA)

  • Zips Airport


    (about 17.9 miles in Kasilof, Alaska; Airport Code: AK8)

  • Nikiski Private Airstrip


    (about 25.7 miles in Kenai, Alaska; Airport Code: A82)

  • Ninilchik Airport


    (about 30.7 miles in Ninilchik, Alaska; Airport Code: NIN)

  • Bear Fish Camp Airport


    (about 35.3 miles in Kenai, Alaska; Airport Code: AK2)

  • Bradley Lake Project Airport


    (about 39.7 miles in Anchor Point, Alaska; Airport Code: A93)

  • Bear Cove Farm


    (about 42.2 miles in English Bay, Alaska; Airport Code: A71)

  • Trading Bay Production


    (about 42.4 miles in Kenai, Alaska; Airport Code: JZE)

  • Drift River Airport


    (about 43.2 miles in Kenai, Alaska; Airport Code: DRF)

  • Granite Point Ndb


    (about 43.9 miles in Tyonek, Alaska; Airport Code: XWA)

  • Quartz Creek


    (about 44.3 miles in Moose Pass, Alaska; Airport Code: JLA)

  • Shirleyville Airport


    (about 48.0 miles in Tyonek, Alaska; Airport Code: OQV)

  • Glacier Split


    (about 50.0 miles in English Bay, Alaska; Airport Code: AA4)

  • Tyonek Airport


    (about 50.4 miles in Tyonek, Alaska; Airport Code: TYE)

  • Homer Airport


    (about 51.5 miles in Anchor Point, Alaska; Airport Code: HOM)

  • Bradley Lake Airport


    (about 52.0 miles in Anchor Point, Alaska; Airport Code: A23)

  • Seward Airport


    (about 55.9 miles in Seward, Alaska; Airport Code: SWD)

  • Beluga Airport


    (about 57.0 miles in Tyonek, Alaska; Airport Code: BVU)

  • Hope Airport


    (about 60.1 miles in Hope, Alaska; Airport Code: A66)


(updated 2015)



Modes of Transportation in Kenai Peninsula Borough, Alaska

Car, Truck, Or Van:

 

Drove Alone

69.63%

Carpooled

12.49%

Public Transportation:

 

Bus Or Trolley Bus

0.12%

Streetcar Or Trolley Car

0.02%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.01%

Taxicab

0.22%

Motorcycle

0.12%

Bicycle

0.39%

Walked

4.83%

Other Means

6.71%

Worked At Home

5.46%



(updated 2010)





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