Old Harbor, AK is a small town located on the southern peninsula of Alaska. It has an estimated population of around 200 people and is renowned for its beauty and outdoor recreation opportunities. The cost of living in Old Harbor is slightly higher than the US average; 2 bedroom rent averages at $1,670 compared to the US average of $1,430 and grocery costs indexing at 138 versus 100 in the US.
The local economy in Old Harbor is largely based on fishing and subsistence lifestyles, although there are several locally owned businesses such as Old Harbor General Store, Alaska Pacific Seafoods, and Harbormaster’s Office. Additionally, the local school district offers employment to many in the area and provides education services for younger generations.
Old Harbor has an unemployment rate of 5.8%. The US average is 6.0%.
Old Harbor has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 12.2%, which is lower than the US average of 33.5%.
Tax Rates for Old Harbor
- The Sales Tax Rate for Old Harbor is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Old Harbor 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 Old Harbor
- The average income of a Old Harbor resident is $18,230 a year. The US average is $37,638 a year.
- The Median household income of a Old Harbor resident is $34,167 a year. The US average is $69,021 a year.