Northway, AK is a great place to live for those looking for a small town atmosphere. The population of Northway is around 519 residents according to the 2010 census. Rent cost in Northway is lower than the national average for two bedroom apartments, at $1,270 compared to $1,430 in the US. Grocery costs are also lower here with an index of 135 versus 100 in the US.
Local businesses in Northway include D&L Supply Co., Jack Tailor's Bait Services, and the Nulato Trading Company. These businesses provide essential products and services to locals and visitors alike. There are also several tourist attractions in Northway including Eagle Trail Lodge & Cabins where visitors can enjoy fishing and wildlife viewing along with activities such as dog mushing and snowmobiling during winter months. Other attractions include Fort Greely Museum - where visitors can learn about Alaskan history - and the Ahtna Fun Days Festival held every August.
Northway has an unemployment rate of 7.2%. The US average is 6.0%.
Northway has seen the job market increase by 2.5% 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 Northway
- The Sales Tax Rate for Northway is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Northway 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 Northway
- The average income of a Northway resident is $15,044 a year. The US average is $37,638 a year.
- The Median household income of a Northway resident is $48,125 a year. The US average is $69,021 a year.