Homer, AK is a beautiful town located on the Kenai Peninsula and offers stunning views of Kachemak Bay. This city is also known for its affordable cost of living when compared to other US cities - with 2 bedroom rent being $1,150 compared to the US average of $1,430 and a Grocery Cost Index of 124 compared to the US average of 100. There are many local businesses in Homer such as Homer Electric Association which provides electrical services, Harborview Veterinary Clinic which offers animal care, Homer Bookstore which provides books and gifts, and South Peninsula Hospital which offers medical services.
Homer has an unemployment rate of 8.9%. The US average is 6.0%.
Homer has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 12.1%, which is lower than the US average of 33.5%.
Tax Rates for Homer
- The Sales Tax Rate for Homer is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Homer is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Homer
- The average income of a Homer resident is $31,237 a year. The US average is $28,555 a year.
- The Median household income of a Homer resident is $63,854 a year. The US average is $69,021 a year.