Chignik Lagoon, AK is a small fishing village located in southwestern Alaska. It's an isolated community with few amenities, but it has some great opportunities for outdoor recreation that draw visitors from around the world. The cost of living in Chignik Lagoon is quite affordable compared to other areas in the US. 2 Bedroom rent is $870 compared to $1,430 in the US. The Grocery Cost Index is 149 versus 100 in the US making food more expensive here than elsewhere. There are several local businesses in Chignik Lagoon such as Alaskan King Crab Co., Chignik Fisheries, Inc., and Chignik Sea Foods which provide employment opportunities and help sustain the local economy. Other services provided include a general store, fuel station, and post office making life easier for those who live there. All in all, living in Chignik Lagoon comes with its challenges but offers a unique experience for those looking to escape the hustle and bustle of city life.
Chignik Lagoon has an unemployment rate of 9.4%. The US average is 6.0%.
Chignik Lagoon has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Chignik Lagoon
- The Sales Tax Rate for Chignik Lagoon is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Chignik Lagoon 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 Chignik Lagoon
- The average income of a Chignik Lagoon resident is $38,303 a year. The US average is $28,555 a year.
- The Median household income of a Chignik Lagoon resident is $44,375 a year. The US average is $69,021 a year.