Valdez, AK Profile: Facts & Data

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Valdez, Alaska - Basic Facts

The City of Valdez had a population of 3,662 as of July 1, 2020.

The primary coordinate point for Valdez is located at latitude 61.1308 and longitude -146.3483 in Valdez-Cordova (CA) Borough. The formal boundaries for the City of Valdez encompass a land area of 216.24 sq. miles and a water area of 59.64 sq. miles. Valdez-Cordova (CA) Borough is in the Alaska time zone (GMT -9). The elevation is 20 feet.

The City of Valdez (GNIS ID: 2418868) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Valdez is located within the Chugach Census Subarea of Valdez-Cordova (CA) Borough. Census subareas are statistical subdivisions of the county equivalents used in Alaska (boroughs, city and boroughs, municipalities, and census areas) and are the statistical equivalent of Micro Civil Divisions (MCDs) used in other states.

Alternate Unofficial Names for Valdez: Copper City, Old Valdez, Suacit.

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Valdez, AK Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 3,662 (100%)
Population in Households 3,523 (96.2%)
Population in Families 2,674 (73.0%)
Population in Group Quarters1 139 ( 3.8%)
Population Density 17
Diversity Index2 44
 
 

INCOME

Median Household Income $71,362
Average Household Income $102,328
% of Income for Mortgage4 13%
Per Capita Income $41,277
Wealth Index5 116
 

HOUSING

Total HU (Housing Units) 1,800 (100%)
Owner Occupied HU 942 (52.3%)
Renter Occupied HU 530 (29.4%)
Vacant Housing Units 329 (18.3%)
Median Home Value $217,557
Average Home Value $233,439
Housing Affordability Index3 175
 

HOUSEHOLDS

Total Households 1,471
Average Household Size 2.39
Family Households 888
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.8% -1.16%
Households -0.65% -1.1%
Families -0.86% -1.25%
Median Household Income   0.28%
Per Capita Income   2.03%
Owner Occupied HU   -1.13%

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Valdez, AK - Peer Comparisons by Rank and Percentile

The table below compares Valdez to the other 353 incorporated cities, towns and CDPs in Alaska by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 33 91st
Population Density # 168 53rd
Median Household Income # 59 84th
Housing Affordability Index # 244 69th
Per Capita Income # 30 92nd
Diversity Index # 125 65th

Additional comparisons and rankings can be made with a VERY EASY TO USE Alaska Census Data Comparison Tool.

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