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Mill Bay, Alaska Demographics & Population 2026

During the 2020–2024 ACS period, Mill Bay, Alaska had a total population of 3,654, the 32nd largest community in Alaska, with a median household income of $88,580, which is 5% lower than the state average. The poverty rate is 9.0%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Mill Bay Quick Facts

Population 3,654
Median Household Income $88,580
Median Home Value $463,200
Poverty Rate 9.0%
Unemployment Rate 0.0%
Median Age 35.4 years
Homeownership Rate 83.1%
Affordability Ratio 5.2x
Bachelor's Degree or Higher 36.8%
High School Graduation Rate 97.5%
Diversity Index 64/100
Population 3,654 32nd of 326
Median Income $88,580 top 30%
Poverty Rate 9.0% 28% lower than national
Median Home Value $463,200 top 10%

How Mill Bay Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population3,5413,654+3.2%
Median household income$94,359$88,580-6.1%
Median home value$430,600$463,200+7.6%

How Mill Bay Compares

Economy & Housing

Household Income Distribution

Under $25K 18.2%
$25K-$50K 16.0%
$50K-$100K 18.9%
$100K+ 46.9%
Detailed income brackets
Under $10K
2.1%
$10K-$15K
10.4%
$15K-$20K
2.6%
$20K-$25K
3.0%
$25K-$30K
0.0%
$30K-$35K
1.5%
$35K-$40K
2.1%
$40K-$45K
6.2%
$45K-$50K
6.2%
$50K-$60K
1.0%
$60K-$75K
11.4%
$75K-$100K
6.5%
$100K-$125K
6.9%
$125K-$150K
11.4%
$150K-$200K
7.1%
$200K+
21.5%

Employment

0.0% Unemployment Rate State: 5.9%|National: 5.2%
81.6% Labor Force Participation

Housing Overview

Owner 83.1%
Renter 16.9%
Affordability Index Expensive
5.2x home value to income ratio
Median gross rent $2,710/mo 36.7% of median household income annually

People & Demographics

Diversity Index

64out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 63 | National average: 61

Education

Mill Bay Rankings in Alaska

#32 Population of 326
#63 Median Income of 253
#42 Education of 326
#2 Home Value of 238

Other Cities in Kodiak Island Borough

CityPopulationMedian IncomePovertyHome Value
Kodiak 5,447 $90,292 7.5% $347,100
Kodiak Station 1,823 $83,750 3.2% N/A
Womens Bay 788 N/A 10.5% $438,200
Old Harbor 162 $30,000 56.2% N/A
Akhiok 160 $85,139 17.5% $54,400
Port Lions 150 $46,250 20.7% $161,500
Larsen Bay 145 $37,188 29.7% $117,500
Ouzinkie 86 N/A 22.1% N/A
Karluk 33 N/A 0.0% $120,000

Cities Similar to Mill Bay

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Big Lake3,585$81,406$298,70017.4%11.5%
Valdez3,847$99,271$313,00031.9%5.8%
Nome3,653$113,646$356,90022.1%8.8%
Butte4,085$101,042$374,60033.7%6.7%
Goldstream3,294$103,589$289,60068.6%4.7%

Population Overview

Mill Bay is a small community located in Alaska, within Kodiak Island Borough. The total population is 3,654. It ranks as the 32nd most populous out of 326 Census-designated places in Alaska.

Age Demographics

The median age in Mill Bay is 35.4 years. This is 1% lower than the state median of 35.8 years. With 28.6% of the population under 18, Mill Bay has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Mill Bay is $88,580. This is 5% lower than the state median of $92,788. It is also 10% higher than the national median of $80,734. The poverty rate stands at 9.0%. This is 11% lower than the state poverty rate of 10.1%. The survey records no unemployed residents in Mill Bay, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $463,200. Housing costs are 31% higher than the state median of $352,900. The home-value-to-income ratio is 5.2x. 83.1% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Mill Bay is White (non-Hispanic), making up 55.3% of the population. Asian residents account for 11.3%. The Black or African American population (0.3%) is well below the state average of 2.9%. The Asian population is significantly higher than the state average (11.3% vs 6.3%).

Education

36.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 16% higher than the state rate of 31.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.5%.

Data Sources & Methodology

All demographic data for Mill Bay, Alaska is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Alaska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 326 Census-designated places in Alaska. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Mill Bay, Alaska?

Mill Bay, Alaska has a population of 3,654 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Mill Bay, AK?

The median household income in Mill Bay is $88,580, which is 10% higher than the national median of $80,734.

What is the poverty rate in Mill Bay, AK?

The poverty rate in Mill Bay is 9.0%. This means approximately 321 residents live below the federal poverty line.

What is the racial makeup of Mill Bay, Alaska?

Mill Bay's population is 55.3% White, 0.3% Black, 4.2% Hispanic/Latino, and 11.3% Asian.

What is the median home value in Mill Bay, AK?

The median home value in Mill Bay is $463,200. The home-value-to-income ratio is 5.2x.

How educated is Mill Bay, Alaska?

36.8% of adults (25+) in Mill Bay hold a bachelor's degree or higher, and 13.6% hold a graduate or professional degree.