Diomede, AK is a small island village located between Alaska and Russia in the Bering Strait. It is home to the indigenous Inupiat Eskimos who have lived there for centuries. The population of Diomede is less than 200 people. \nThe cost of living in Diomede is significantly lower than other parts of the country. With an average 2 bedroom rent at $860 compared to $1,430 in the US and a grocery cost index of 190 versus 100 in the US, it's easy to see why many people choose to live here. Local companies in Diomede include Native Alaskan Services, OTZ Construction, & OTZ Logistics. All three companies specialize in providing top-notch services for the residents of Diomede. With such low costs and local services available, it's easy to see why life in this small island village has been so attractive over the years.
Diomede has an unemployment rate of 9.6%. The US average is 6.0%.
Diomede has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Diomede
- The Sales Tax Rate for Diomede is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Diomede 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 Diomede
- The average income of a Diomede resident is $11,415 a year. The US average is $28,555 a year.
- The Median household income of a Diomede resident is $20,625 a year. The US average is $69,021 a year.