Cold Bay, AK Economy


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Cold Bay, AK is a small town in Alaska located on the southwestern part of the state. It has a population of around 200 people. The cost of living in Cold Bay is much less than other parts of the country, with rent for a two bedroom apartment going for around $1,240 compared to the US average of $1,430. The grocery cost index in Cold Bay is also much lower at 250 versus 100 in the US. There are several local companies and institutions that serve the small community such as Cold Bay Fisheries, Arctic Rose Seafoods, and Cold Bay Airport. Local schools include the Aleutian Region School District and Sand Point School District serving both elementary and high school students in the area.

Cold Bay has an unemployment rate of 1.9%. The US average is 6.0%.

Cold Bay has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.

Tax Rates for Cold Bay
- The Sales Tax Rate for Cold Bay is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Cold Bay 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 Cold Bay
- The average income of a Cold Bay resident is $44,116 a year. The US average is $28,555 a year.
- The Median household income of a Cold Bay resident is $125,227 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCold Bay, AlaskaUnited States
  1.96
  0.5%-6.2%
  9.9%33.5%
  0.0%6.2%
  0.0%4.6%
  $65,104$37,638
  $125,227$69,021
  $107,857$85,028
  Population by Occupation
  3.9%1.2%
  0.0%0.5%
  3.9%6.8%
  0.0%10.0%
  0.0%2.5%
  0.0%11.0%
  36.8%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  2.6%4.2%
  2.6%9.3%
  26.3%14.0%
  0.0%2.1%
  9.2%7.0%
  0.0%4.8%
  13.2%4.7%
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