Sterling, AK is a small town located near the Kenai River in Alaska. It offers affordable rent for two bedrooms at $1,150 compared to the US average of $1,430. Other cost of living expenses like groceries are also generally lower than the US average with a Grocery Cost Index of 125 versus 100 in the US. The local businesses and amenities include Sterling’s Mini Mart, Main Street Pub and Grill, K&K Enterprises Inc., and River City Tire. There are also several parks nearby that offer outdoor activities such as fishing and hiking.
Sterling has an unemployment rate of 8.9%. The US average is 6.0%.
Sterling 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 Sterling
- The Sales Tax Rate for Sterling is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Sterling 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 Sterling
- The average income of a Sterling resident is $59,704 a year. The US average is $37,638 a year.
- The Median household income of a Sterling resident is $99,093 a year. The US average is $69,021 a year.