Lowell Point, AK is a small town with a population of around 200 people located on the Kenai Peninsula in Alaska. The town offers beautiful scenery and plenty of access to outdoor activities such as fishing, hiking, and skiing. The cost of living in Lowell Point is lower than the US average, with a two bedroom rent averaging around $1,200 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Lowell Point stands at 122 versus 100 in the US.
The small community relies heavily on local businesses for goods and services. Some popular companies include Lowell Point Lodge which offers cabins for visitors and locals alike as well as guided tours, Bear Paw Adventure Tours which provides kayaking trips and other outdoor activities, and finally Two Sisters Bakery which provides homemade breads and pastries for residents to enjoy. With its stunning views and low cost of living, Lowell Point is an ideal place to call home or visit for vacationers.
Lowell Point has an unemployment rate of 8.9%. The US average is 6.0%.
Lowell Point has seen the job market decrease by -4.0% 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 Lowell Point
- The Sales Tax Rate for Lowell Point is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Lowell Point 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 Lowell Point
- The average income of a Lowell Point resident is $23,407 a year. The US average is $37,638 a year.
- The Median household income of a Lowell Point resident is $0 a year. The US average is $69,021 a year.