Economics Shungnak has a “mixed economy” in which market, subsistence, and public sectors all contribute to individual well-being. The most comprehensive community economy data come from household surveys by the Division of Subsistence in the Alaska Department of Fish and Game (ADF&G). The Division administered a comprehensive socio-economic survey to 46 of 69 Shungnak households (66.7%) in 2013. For the calendar year 2012, ADF&G estimated a total community income of $4.1 million, with a median household income of $50,091. Estimated per capita income in 2012 was $15,009. Earned income contributed an estimated 71% of the total, including income from local government (26.7%), services (22.0%), and mining (11.3%). Other (unearned) income contributed an estimated 28.7% of the total, including Native corporation dividends (6.7%), food stamps (5.6%), and the Alaska Permanent Fund Dividend (4.9%). For comparison, in 2021 the American Community Survey estimated the five-year median household income in Shungnak to be $60,938 (±$8,736).
Economics Shungnak has a “mixed economy” in which market, subsistence, and public sectors all contribute to individual well-being. The most comprehensive community economy data come from household surveys by the Division of Subsistence in the Alaska Department of Fish and Game (ADF&G). The Division administered a comprehensive socio-economic survey to 46 of 69 Shungnak households (66.7%) in 2013. For the calendar year 2012, ADF&G estimated a total community income of $4.1 million with a median household income of $50,091. Estimated per capita income in 2012 was $15,009. Earned income contributed an estimated 71% of the total, including income from local government (26.7%), services (22.0%), and mining (11.3%). Other (unearned) income contributed an estimated 28.7% of the total, including Native corporation dividends (6.7%), food stamps (5.6%), and the Alaska Permanent Fund Dividend (4.9%). For comparison, in 2021 the American Community Survey estimated the five-year median household income in Shungnak to be $60,938 (±$8,736).