Minto, AK Economy

Minto, AK is a small town located in the Yukon-Koyukuk Census Area of Alaska. It is a rural community with a population of around 400 people. The cost of living in Minto is significantly lower than the US average due to its small size and remote location. The average 2 bedroom rent in Minto is $980 compared to the national average of $1,430, making it very affordable for locals and visitors alike. Additionally, the Grocery Cost Index in Minto is 148 as opposed to 100 in the US meaning groceries are slightly more expensive than average. Local businesses include Minto Electric Inc., Minto Mercantile, and Barrow Trading Council providing goods and services to the area’s residents.