A Dena'ina village was once located at the west entrance to Pedro Bay. The community has many professional people with college degrees and training as residents. Many of the residents are skilled tradespeople who work on the North Slope or fish commercially. As is the case with several of the interior communities, Pedro Bay has few employment opportunities. Tourism and commercial salmon fishing provide much of the limited economic base for the community.
Local residents travel to Bristol Bay each summer to fish for salmon.
Several wilderness lodges also operate in Pedro Bay. Subsistence activities also supplement the local economy. Communications include telephone, facsimile, television, radio, and newspapers. Charter flights and regularly scheduled air transportation is available from Lake Clark Air, Birchwood Air, and Iliamna Air. Utility services include electricity, garbage collection, and diesel and gasoline fuel.