Elim, AK Economy


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Elim, AK is a small town located in the Northwest Arctic Borough of Alaska. The town is home to a population of approximately 203 people.The median rent for a two-bedroom apartment here is $1,490 per month, which is slightly higher than the US median of $1,430 per month. Additionally, prices for groceries in Elim are about 79% higher than the national average. Despite these higher costs of living, Elim still has plenty to offer its residents. Local companies here include Banks Construction Ltd., Bob's Septic Service Inc., and Chukchi Sea Graphics LLC., while popular attractions include the St Nicholas Russian Orthodox Church and The Elim Old Timers Club Museum.

Elim has an unemployment rate of 9.6%. The US average is 6.0%.

Elim 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 Elim
- The Sales Tax Rate for Elim is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Elim 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 Elim
- The average income of a Elim resident is $11,961 a year. The US average is $28,555 a year.
- The Median household income of a Elim resident is $40,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElim, AlaskaUnited States
  9.66
  -3.3%-6.2%
  9.6%33.5%
  3.0%6.2%
  0.0%4.6%
  $9,760$37,638
  $40,750$69,021
  $40,625$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.4%6.8%
  0.0%10.0%
  0.0%2.5%
  6.9%11.0%
  0.0%4.8%
  5.2%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  31.0%9.3%
  24.1%14.0%
  5.2%2.1%
  0.0%7.0%
  3.4%4.8%
  20.7%4.7%
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