Newtok, Alaska is a small village located in Alaska's Yukon-Kuskokwim region. Although its population size is unknown, it is known that rental rates for two bedroom homes are much more expensive than they are in the United States, at around $3,660 compared to $1,430. The cost of groceries in Newtok is also higher than the national average, with an index rating of 218 compared to 100 in the US. This reflects that there are higher costs associated with living in Newtok versus other parts of the United States. Despite this expense, many companies serve Newtok and its residents including general stores such as \"Tuluksak General Store\" and \"Eagle Enterprises\", a restaurant called \"Cafe’s Place\", and numerous lodges offering services for hunting trips such as Kwethluk Lodge. All of these businesses provide amenities that make life easier for those living or visiting Newtok despite its higher cost of living compared to other places throughout the United States.
Newtok has an unemployment rate of 12.2%. The US average is 6.0%.
Newtok has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Newtok
- The Sales Tax Rate for Newtok is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newtok 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 Newtok
- The average income of a Newtok resident is $9,257 a year. The US average is $28,555 a year.
- The Median household income of a Newtok resident is $30,417 a year. The US average is $69,021 a year.