Cordova, AK is a small city that offers its citizens an affordable cost of living. With a Grocery Cost Index of 150, citizens can buy more food for their money compared to the US average. Additionally, the 2 bedroom rent in Cordova is $1,430 which is the same as the US average. This makes it feasible to live in Cordova and still enjoy a comfortable lifestyle. There are several local companies operating in Cordova such as Copper River Seafoods, Trident Seafoods Corporation, Pioneer Pies Bakery & Cafe, and Richard's Courtroom Cafe and Catering. With affordable prices for groceries and rent, many people are attracted to living in Cordova due to its lower cost of living compared to other cities.
Cordova has an unemployment rate of 10.0%. The US average is 6.0%.
Cordova has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Cordova
- The Sales Tax Rate for Cordova is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cordova 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 Cordova
- The average income of a Cordova resident is $39,828 a year. The US average is $28,555 a year.
- The Median household income of a Cordova resident is $77,667 a year. The US average is $69,021 a year.