Buffalo Soapstone, AK is a small town located in the south-eastern corner of Alaska. Despite its small size, Buffalo Soapstone boasts some unique local businesses such as Buffalo Soapstone Brewery, an award-winning microbrewery, and The Trading Post, a popular gift shop. The cost of living in Buffalo Soapstone is relatively affordable compared to other parts of the US. The 2 bedroom rent average in Buffalo Soapstone is $1,140 – significantly lower than the national average 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in Buffalo Soapstone is 135 whereas nationally it stands at 100. This indicates that groceries are more expensive than average in Buffalo Soapstone but still reasonably priced overall.
Buffalo Soapstone has an unemployment rate of 7.7%. The US average is 6.0%.
Buffalo Soapstone 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 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo Soapstone
- The Sales Tax Rate for Buffalo Soapstone is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Buffalo Soapstone 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 Buffalo Soapstone
- The average income of a Buffalo Soapstone resident is $28,529 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo Soapstone resident is $64,107 a year. The US average is $69,021 a year.