Lutak, AK is a small community located in the Pacific Northwest. It is home to many local companies such as Lutak Logging, Lutak Fishing Company, and Alaska Outfitters. The cost of living in Lutak is relatively low compared to other parts of the US. According to recent research, the average two bedroom rent in Lutak is $1,200 while the national average for two bedroom rent is $1,430. Additionally, the grocery cost index in Lutak comes in at 153 versus 100 nationwide. This suggests that groceries are cheaper and more affordable in Lutak compared to other US cities.
Lutak has an unemployment rate of 14.3%. The US average is 6.0%.
Lutak has seen the job market decrease by -17.6% over the last year. Future job growth over the next ten years is predicted to be 15.2%, which is lower than the US average of 33.5%.
Tax Rates for Lutak
- The Sales Tax Rate for Lutak is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Lutak 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 Lutak
- The average income of a Lutak resident is $7,273 a year. The US average is $37,638 a year.
- The Median household income of a Lutak resident is $0 a year. The US average is $69,021 a year.