Immigrants and the economy.
Position | ALASKA TRENDS |
Immigiant Residents
In 2014, 55,724 immigrants made up 7.6 of the Alaska population. Between 2010 and 2014, 9, 073 foreign-born people immigrated to Alaska. The top three countries of origin are Philippines, Korea, and Thailand.
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Demographics
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Immigrants in Alaska are more likely to be of working age (defined as being aged 25-64) than the US-bom population. In 2014, through taxes on their individual wages, immigrants in Alaska contributed $52.3 million to Medicare and $193.6 million to Social Security.
Age Foreign-Born US-Born Group Population Share Population Share 0-24 19.3% 38.0% 25-64 69.9% 52.9% 65+ 10.7% 9.2% Workforce Education
In Alaska, immigrants are considerably more unlikely to have graduated from high school-21.3% have less than a high school education, compared to only 6.7% of US-born Alaskans. Immigrants are slightly more likely to hold a bachelor's degree and almost as likely to hold a graduate degree in Alaska.
Workforce Foreign-Born US-Born Education Population Share Population Share Less Than High 21.3% 6.7% School High School & 45.5% 64.7% Some College Bachelor's 22.9% 18.3% Degree Graduate 10.3% 10.4% Degree [ILLUSTRATION OMITTED]
Home Ownership
Immigrant families have long played an important role helping to build housing wealth in the United Sates. Frequently moving into neightborhoods once in decline and helping to revitalize local communities and make them more attractive to US born residents. Immigrants own 9,583 Homes in Alaska.
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Entrepreneurship
In 2014, 2, 993 immigrants were self-employed entrepreneurs in Alaska. Their companies generated $58.5 million in business income.
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Taxes & Spending Power
Immigrants play an important role in Alaska contributing to local economies both as consumers and taxpayers. In 2014, Alaska immigrant household incomes equaled $1.8 billion...
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