Nanwalek, AK is a small town located on the Kenai Peninsula. With a population of 181 people, it is considered to be one of the most remote communities in the United States. The cost of living in Nanwalek is much lower than other areas, with rent for a two bedroom apartment costing only $1,150 compared to $1430 nationally. Grocery costs are also lower here with an index of 124 compared to 100 in the US on average. Some businesses in Nanwalek include Wosnesenski Fisheries and Ocean Products Inc., which provides fresh fish for locals as well as providing food services to surrounding areas; and Amber Bay Seafoods & Processing Plant, where fresh seafood can be bought straight from the source.
Nanwalek has an unemployment rate of 8.9%. The US average is 6.0%.
Nanwalek has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 12.1%, which is lower than the US average of 33.5%.
Tax Rates for Nanwalek
- The Sales Tax Rate for Nanwalek is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Nanwalek 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 Nanwalek
- The average income of a Nanwalek resident is $9,808 a year. The US average is $28,555 a year.
- The Median household income of a Nanwalek resident is $50,000 a year. The US average is $69,021 a year.