College, AK is a small town located near Anchorage. It is home to about 7,500 people and provides an attractive lifestyle for its residents. The cost of living in College is relatively low compared to the US average; rent for a 2 bedroom house runs about $1,330 while the national average stands at $1,430. Additionally, the grocery cost index in College is 135 compared to 100 in the US.
The local economy is bolstered by several companies such as NMS Healthcare and Alaska USA Mortgage Company. Tourists flock to College's many nearby attractions including the H2Oasis Indoor Waterpark and Arctic Valley Ski Area. Outside of tourism and businesses, Colleges' demographics are driven by students from University of Alaska Anchorage (UAA) that make up nearly 25% of its population.
College has an unemployment rate of 5.6%. The US average is 6.0%.
College has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for College
- The Sales Tax Rate for College is 0.0%. The US average is 7.3%.
- The Income Tax Rate for College 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 College
- The average income of a College resident is $33,217 a year. The US average is $28,555 a year.
- The Median household income of a College resident is $70,319 a year. The US average is $69,021 a year.