Happy Valley, AK is a great place to live due to its affordability. The average 2 bedroom rent is $1,180 which is significantly lower than the national average of $1,430. Additionally, grocery costs are also more affordable in Happy Valley, with an index score of 121 versus 100 in the U.S., making it a great destination for families and individuals looking to save money. There are many local companies that residents can work for or purchase from such as True North Logistics Inc., Sawmill Creek Storage Solutions LLC., Alaska Marine Pilots, and Cushman & Wakefield Alaska Inc.. Overall, the cost of living in Happy Valley is much cheaper than in other parts of the nation, making it an ideal location for those who want to save money without sacrificing quality.
Happy Valley has an unemployment rate of 8.9%. The US average is 6.0%.
Happy Valley has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 12.1%, which is lower than the US average of 33.5%.
Tax Rates for Happy Valley
- The Sales Tax Rate for Happy Valley is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Happy Valley 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 Happy Valley
- The average income of a Happy Valley resident is $31,321 a year. The US average is $28,555 a year.
- The Median household income of a Happy Valley resident is $45,952 a year. The US average is $69,021 a year.