Kivalina is a small town in Alaska located on the Chukchi Sea. Despite its size, it is known for many things including having an above-average cost of living. The average 2 bedroom rent in Kivalina AK is $1,760 compared to $1,430 US average. Additionally, the Grocery Cost Index in Kivalina AK is 177 versus 100 in the US, indicating higher prices for food and other household items. The town of Kivalina has several businesses that local residents support. These include local stores such as Arctic Treasures and Arctic Trading Post, restaurant chains like Subway and Papa John's Pizza, and even a post office. With each business comes job opportunities which helps to strengthen the community’s economic standing.
Kivalina has an unemployment rate of 12.2%. The US average is 6.0%.
Kivalina 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 7.5%, which is lower than the US average of 33.5%.
Tax Rates for Kivalina
- The Sales Tax Rate for Kivalina is 2.0%. The US average is 7.3%.
- The Income Tax Rate for Kivalina 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 Kivalina
- The average income of a Kivalina resident is $13,794 a year. The US average is $28,555 a year.
- The Median household income of a Kivalina resident is $59,688 a year. The US average is $69,021 a year.