Prudhoe Bay, AK Economy

Prudhoe Bay, AK is an isolated town located in the far north region of Alaska. It is home to many industries, such as oil and gas exploration, tourism, commercial fishing, and hunting. The cost of living in Prudhoe Bay can be quite high due to its remote location. For instance, rent for a two-bedroom apartment is approximately $1,730 per month which is significantly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Prudhoe Bay is 180 compared to 100 in the US on average. Despite these facts, many local companies have still managed to thrive in this unique environment. Some examples include oil producers like BP and ConocoPhillips, as well as services like Alaska Native Corporation Representative Services and Arctic Catering & Support Services Incorporated.