Adak, AK Economy


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equestId":"3947e153-43db-43bf-bcd6-91f59432d281","resource":"content","data":[{"id":"txt_596a458ca8674bf99238e79b28fa6d3b","text":" in the city, and provide a brief description of the city.\nAdak is a small city located on an island off Alaska's southern coast. Adak is known for its beautiful landscapes, abundant wildlife, and great fishing opportunities. The cost of living is slightly higher than many other parts of Alaska, with 2 bedroom rent at $1,650 versus $1,430 nationally. Grocery costs are about 275 versus 100 in the US. Local businesses in Adak include Adak Island Inn and Sea Level Lodge & Hostel, both of which offer lodging to visitors and guests; and Suggs Store & Fuel Depot which provides groceries and fuel to locals. Adak also has pharmacy, hardware store, post office, library, auto repair shop, barber shop and gas station. In addition to its many stores and restaurants Adak boasts breathtaking views that make it one of Alaska's most beautiful locations.

Adak has an unemployment rate of 2.0%. The US average is 6.0%.

Adak has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Adak
- The Sales Tax Rate for Adak is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Adak 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 Adak
- The average income of a Adak resident is $28,112 a year. The US average is $28,555 a year.
- The Median household income of a Adak resident is $57,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAdak, AlaskaUnited States
  26
  -3.2%-6.2%
  32.5%33.5%
  0.0%6.2%
  0.0%4.6%
  $56,146$37,638
  $57,500$69,021
  $67,188$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.9%6.8%
  20.2%10.0%
  0.0%2.5%
  6.5%11.0%
  25.6%4.8%
  1.2%0.8%
  1.2%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  3.0%0.1%
  0.6%4.2%
  4.2%9.3%
  1.2%14.0%
  0.0%2.1%
  11.9%7.0%
  1.8%4.8%
  13.7%4.7%
Reviews for Adak
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Over 14 years ago

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