Mud Bay, AK is an affordable place to live compared to other areas of the US. The average 2 Bedroom Rent in Mud Bay is $1,200 a month while the US rate is $1,430 a month. It's not just rent that is cheaper in Mud Bay; it is also known for having cheaper grocery costs as well with an index of 153 versus 100 in the US. Some local companies include Alaska Marine Lines which offers freight and logistics services across Alaska and the Pacific Northwest, Frog Firefighters & Rescue Vehicles which serves emergency needs such as fire extinguishing and rescue operations, and Reiter Furs Alaska - a family owned business that specializes in trapping and preparing fur garments. An additional stat about Mud Bay is that its median household income is $81,900 as of 2019 which is slightly higher than the US median household income which stands at $60,293. Lastly, its poverty level runs at 8% compared to 14% nationally according to 2019 data.
Mud Bay has an unemployment rate of 14.3%. The US average is 6.0%.
Mud Bay 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 Mud Bay
- The Sales Tax Rate for Mud Bay is 4.0%. The US average is 7.3%.
- The Income Tax Rate for Mud Bay 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 Mud Bay
- The average income of a Mud Bay resident is $28,028 a year. The US average is $37,638 a year.
- The Median household income of a Mud Bay resident is $0 a year. The US average is $69,021 a year.