Palmer, AK is a city located in Matanuska-Susitna Borough. It is a great option for those looking for an affordable place to live with an array of amenities. The average 2 bedroom rent in Palmer is $1,140 which makes it considerably cheaper than the US average at $1,430. In addition, the Grocery Cost Index in Palmer is 135 compared to 100 in the US. This means that grocery costs are also lower than most places in America.
The city of Palmer offers a wide range of businesses such as Alaska Lanes bowling alley, Little Donut House donut shop and Palmer Auto Repair shop. There are also plenty of options for outdoor activities such as hiking trails and lakes nearby. All these factors contribute to make Palmer an attractive destination for those looking to settle down in a small town with all modern amenities available at low costs. The overall cost of living in Palmer is much lower than most cities across America, making it one of the most affordable place to live in Alaska.
Palmer has an unemployment rate of 7.7%. The US average is 6.0%.
Palmer has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Palmer
- The Sales Tax Rate for Palmer is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Palmer 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 Palmer
- The average income of a Palmer resident is $26,340 a year. The US average is $28,555 a year.
- The Median household income of a Palmer resident is $62,068 a year. The US average is $69,021 a year.