Shungnak, AK is a small community located in Northwest Alaska along the Kobuk River. The town has a population of approximately 314 people and is surrounded by stunning nature, from its rugged mountains to its tundra landscapes. It is a very remote and secluded area that offers a peaceful lifestyle for those who call it home. Renting a two bedroom apartment costs $1,710 in Shungnak and $1,430 in the US on average. Grocery cost index in Shungnak is 179 versus 100 in the US. There are several local companies based out of Shungnak, such as NANA Regional Corporation Inc., Native Village of Shungnak, Shungnak Enterprises LLC, and Arctic Slope Native Association. These businesses offer employment to the local population and provide essential services for residents of the town.
Shungnak has an unemployment rate of 12.2%. The US average is 6.0%.
Shungnak has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 7.5%, which is lower than the US average of 33.5%.
Tax Rates for Shungnak
- The Sales Tax Rate for Shungnak is 2.0%. The US average is 7.3%.
- The Income Tax Rate for Shungnak 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 Shungnak
- The average income of a Shungnak resident is $12,236 a year. The US average is $28,555 a year.
- The Median household income of a Shungnak resident is $60,938 a year. The US average is $69,021 a year.