Coffman Cove is a small city in southeastern Alaska with a population of around 500 people. Its economy is mainly based on fishing, forestry, and tourism. Rent for two-bedroom apartments in Coffman Cove is much lower than the U.S. average; at $1,010 compared to the US average of $1,430. The cost of living index for grocery items in Coffman Cove is 149 compared to 100 in the US. Local businesses in Coffman Cove include Harbor Market-grocery store, Coast Guard Crafters-souvenir shop, Sandra’s Seafood-fish market, and Gsteigwiler’s Art Gallery-art studio and gallery.
Coffman Cove has an unemployment rate of 8.8%. The US average is 6.0%.
Coffman Cove has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Coffman Cove
- The Sales Tax Rate for Coffman Cove is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Coffman Cove 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 Coffman Cove
- The average income of a Coffman Cove resident is $36,844 a year. The US average is $37,638 a year.
- The Median household income of a Coffman Cove resident is $0 a year. The US average is $69,021 a year.