Nome, AK Economy


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Nome, AK is a small city located in the Northwest Arctic Borough of Alaska and has a population of 3,646 people. It is known for its cultural roots and rich wildlife. Local companies in the area include Rural Alaska Community Action Program Inc., Norton Sound Economic Development Corporation, Bering Air Inc., Nome Joint Utilities System, and Nome-Beltz School District. The cost of rent for two bedroom apartments is relatively lower than the national average at $860 compared to $1,430 for the US as a whole. Grocery costs are also much lower with an index of 190 versus 100 in the US.

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

Nome 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 Nome
- The Sales Tax Rate for Nome is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Nome 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 Nome
- The average income of a Nome resident is $37,574 a year. The US average is $37,638 a year.
- The Median household income of a Nome resident is $91,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNome, AlaskaUnited States
  9.66
  -3.3%-6.2%
  9.6%33.5%
  5.0%6.2%
  0.0%4.6%
  $37,574$37,638
  $91,375$69,021
  $102,431$85,028
  Population by Occupation
  0.6%1.2%
  2.4%0.5%
  4.1%6.8%
  1.6%10.0%
  0.7%2.5%
  6.6%11.0%
  9.0%4.8%
  1.0%0.8%
  1.5%1.9%
  0.6%4.7%
  1.0%1.9%
  1.1%7.6%
  0.5%0.1%
  1.4%4.2%
  10.2%9.3%
  28.1%14.0%
  1.1%2.1%
  5.1%7.0%
  5.4%4.8%
  18.0%4.7%
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