The City of Homer was the subject for the latest issue of the State Economic Trends report. According to State analysts, Homer is “older and less diverse” than the average Alaskan community, with a median age of 44, compared to 34 statewide. Over 90 percent of residents also listed themselves as Caucasian, compared to the state 67 percent average.
Wages are also lower in the South Peninsula’s largest city, with a total average wage of $36,008, compared to the Alaskan $48,845. Prices are also higher, relative to Kenai and Anchorage.
However, the report isn’t all doom and gloom, authors say the variety of industries in Homer – fishing, tourism, manufacturing, and those related to the industrial harbor – keep money flowing.
For more, read: Homer Trends.