Few destinations can match Juneau, AK and its natural beauty, culture, and recreational opportunities. Alaska's capital city is on the Southeast panhandle. Juneau has a population of 30,711, making it one of the smallest capital cities in the United States. Although the city has a modest population, it covers an area larger than Rhode Island or Delaware. Living in Juneau is never dull, thanks to its incredible natural beauty. These scenes include spectacular glaciers and wildlife unique to the city.
Quick Facts
- Juneau is the state capital and the United States' second-largest city by area.
- The median rental fee has been $1,310 per month in previous years, with a median house value of $345,900.
- Juneau's population has grown by 1.63% since the last census, despite the fact that it is currently dropping at a rate of -0.20%
- It is the second-largest city after Anchorage, with a population of 31,785.
Juneau, AK in a Nutshell
Juneau is a small town that serves as the state capital of Alaska. The city and borough of Juneau is experiencing impact from the state's slowing growth in recent years. With a state population growth rate of 1.63% from the previous year, the population has reached 31,875. Moreover, Juneau has a rural feel, which can mean a slower pace and being a part of a close-knit community. Downtown Juneau is a network of small streets. It is a mix of new structures, antique businesses, and picturesque cottage displays. Additionally, travel to Juneau is only by plane or boat due to the lack of road access.
Economy
Because Juneau is the capital, it is no surprise that the government employs the most people. The state government employs the most people by far to date. The government also offers many business and cultural opportunities. The state government and the University of Alaska Southeast are all part of this. The government also impacts approximately one-quarter of Juneau's economy. Juneau's economy has developed and altered over time. As a result, the sectors that support it have changed as well. For example, Juneau began as a mining town. But, Alaska determined Juneau to be the capital, the state became its largest employer.
Tourism is the most significant employer in the private sector. Juneau has about 800,000 tourists each year and accounts for over half of the visitor market. Another key part of the local economy is commercial fishing and fish processing. In town, there are salmon hatcheries and a cold storage facility. Each year, the fishery processes two million pounds of salmon, halibut, black cod, and crab. The economy's other major industries are transportation and trading.
Employment
Accounting, Nursing, Operations, and Criminal Justice are a few professions available in Juneau. In Juneau, AK, mining jobs pay the highest average monthly wages. Additionally, there are two active mines here. The positions offered range from Civil Engineer to Senior Metallurgist. The healthcare industry provides a competitive market with many residency opportunities. Professional, scientific, and technological services hire most sole proprietors and self-employed in Juneau. They also account for 17% of the population. Juneau has many businesses seeking the perfect employees to join their teams.
Real Estate in Juneau, AK
Juneau's housing costs are higher than the state and national norms. The typical home value in this town is $371,147. Juneau's home cost of living index is 168.7, while Alaska's is 134.3. Juneau residents own their homes, accounting for around 63% of the population. Juneau's appreciation rate has been above average for the last ten years. It has placed at approximately 37.03% in the top 40% of cities nationwide. This result means that housing appreciates at a 3.20% annual rate. Despite a nationwide property market slowdown, Juneau's appreciation rates are high. Juneau's real estate has continued to increase at a greater rate than the rest of the state. Juneau is a great place to move because it is one of the most appreciating cities in the country.
Real Estate Trends
Juneau real estate is some of the most expensive in Alaska. There are 12,676 houses or apartments and a typical home price of $385,761. But, Juneau property values are not among the most costly in the United States. The value of a home in Juneau has increased by 9.8% last year. Juneau's single most prevalent housing type is single-family detached homes. These account for 46.80% of the city's housing units. Large apartment complexes, high-rise apartments, and a few duplexes are common in Juneau.
Additionally, there are also houses converted to apartments and other small apartment structures. Juneau's most common building size and type are three to four-bedroom buildings. Owners and renters coexist in the city, with 63.64 percent owning and 36.36 percent renting.
Final Thoughts
Juneau is a great place to visit or live in for those who enjoy being outside. Oceans, islands, and incredible animals are all within reach. Aside from that, there are mountains and plenty of other things to see and do. The town sees many young men and women who are in town seeking seasonal work throughout the summer. Juneau, Alaska, is excellent for established individuals due to the low cost of living. Juneau, like most cities, can be as pricey or as inexpensive as you want it to be.
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