Gateway, AK is a small town with a population less than 500. The cost of living in Gateway, AK is relatively low compared to other areas in the US. For example, the average rent for a two bedroom apartment is only $1,150 while the national average for a two bedroom is $1,430. Additionally, the grocery cost index in Gateway is 135 versus 100 in the US. Despite its small size, Gateway has many local businesses that offer goods and services for its community. These include retail stores such as TJs Grocery Store and garage sale style stores like Everything Must Go Emporium and White Elephant Resale Shoppe. There are also restaurants like the Big Dipper Diner and Gateway Burger Bar where locals can grab a quick bite to eat or hang out with friends. With its lower cost of living and abundance of local businesses, Gateway can be an attractive place to live for those looking for an affordable lifestyle without compromising on convenience.
Gateway has an unemployment rate of 7.7%. The US average is 6.0%.
Gateway 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 Gateway
- The Sales Tax Rate for Gateway is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Gateway 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 Gateway
- The average income of a Gateway resident is $36,354 a year. The US average is $28,555 a year.
- The Median household income of a Gateway resident is $110,610 a year. The US average is $69,021 a year.