Top Industries If You Plan to Work and Live in Anchorage

 

If you're considering relocating to Anchorage, you should read about the local economy to help you make an informed decision. With around 288,000 residents, Anchorage is Alaska's most populated city, accounting for 42 percent of the state's total population. With a population of approximately 400,000 people, the greater Anchorage metro area provides something for everyone, from mountain view homes to new construction homes.

The transportation, tourism, oil, military, and government sectors are the mainstays of the city's economy. Its economy is inextricably linked to its vast natural riches and strategic location. 95 percent of all products entering Alaska enter through the Port of Anchorage.

Oil and gas

The U.S. government, as well as the oil industry, have been critical to Anchorage's economy. In fact, the city got its start with the federally-funded Alaska railroad, followed by the military defense system, making for a less-than-diversified economy of the time. The Trans-Alaska Pipeline, the world's largest pipeline, increased that economic basis in the 1970s. Thousands of people were employed as a result of the project, and service businesses thrived as a result.

Although Anchorage is not a major oil producing city, it is the industry's administrative center. Even though oil employs only 2% of Anchorage's workforce, it generates around 8% of the city's revenue.

Healthcare

Healthcare and social services, with 23,364 people, retail commerce, with 16,538 employees, and public administration, with 15,484 employees, are the three major industries in Anchorage in terms of employment. The military, oil and gas, transportation, and convention and tourist industries are the four key industries that fuel Anchorage's economy overall.

Government and military

While Juneau is the state capital, Anchorage has a higher number of government personnel, with roughly 4,500 state employees and nearly 11,000 federal employees.

The military has always been present in Anchorage, which has three military bases, all of which are located at Ted Stevens Anchorage International Airport. These three military sites employ roughly 8,500 people, while military personnel and their families make up about 10% of Anchorage's population.

Tourism

With Alaskan cruises growing increasingly popular, bringing tourists to docks and strengthening local economies, the tourism industry is likely to develop dramatically.

Logistics and moving

The transportation industry in Anchorage is the busiest in the state, with the airport directly or indirectly employing about 10% of the city's workers. Every week, more than 560 transcontinental cargo planes pass through the airport.

Other notable industries are fishing and construction. While Anchorage is best recognized for its gas and oil production, the city boasts a diverse economy that helps the state thrive. Many industries support Anchorage's economy, from healthcare to freight and transportation, and workers can establish a career in any of them. Those considering relocating to Anchorage will discover that the city offers a wide range of options that are more than just jobs.

If you're looking for a job in Anchorage and need a place to live, call Vanna Siackhasone at 907-720-4663, and we'll help you discover the perfect place.