Platinum, AK is a small town with many local businesses. It is situated in the northern suburbs of the state and offers a rural lifestyle with great amenities. The cost of living in Platinum, AK is higher than the US average. For instance, the rent for a two-bedroom apartment in Platinum, AK is $1,840 while the national average for two-bedroom rent is $1,430. Furthermore, grocery cost index in Platinum, AK is 211 compared to 100 in the US. \nIn terms of local businesses, Platinum has several options such as Silver Creek Country Store for groceries and supplies; Alaska Fur Exchange for custom fur products; Alaska Outdoor Gear Outfitters for outdoor gear; and Mac’s Trading Post which provides locals with fishing supplies. These companies offer unique services to meet the needs of its residents so that they can enjoy an optimal quality of life.
Platinum has an unemployment rate of 12.2%. The US average is 6.0%.
Platinum has seen the job market decrease by -2.0% 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 Platinum
- The Sales Tax Rate for Platinum is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Platinum 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 Platinum
- The average income of a Platinum resident is $29,925 a year. The US average is $37,638 a year.
- The Median household income of a Platinum resident is $0 a year. The US average is $69,021 a year.