Point Lay, AK is a vibrant community located in Northwest Alaska. It is popularly known for its subsistence lifestyle and rich cultural heritage. The two bedroom rent in Point Lay is $1,820 compared to $1,430 in the US. This reflects the higher cost of living in Point Lay. Besides rent, the grocery cost index in Point Lay is 248 versus 100 nationally. This means that groceries are nearly 2.5 times more expensive than normal costs across the country.\nLocal companies operating in Point Lay include Aurora Solutions LLC and Arctic Resources LLC which provide services such as telecommunication and oil exploration respectively. Overall, Point Lay offers a unique experience with its distinct cultural heritages and cost of living that exceeds national averages by some margin.
Point Lay has an unemployment rate of 6.6%. The US average is 6.0%.
Point Lay has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 2.0%, which is lower than the US average of 33.5%.
Tax Rates for Point Lay
- The Sales Tax Rate for Point Lay is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Point Lay 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 Point Lay
- The average income of a Point Lay resident is $18,819 a year. The US average is $28,555 a year.
- The Median household income of a Point Lay resident is $78,750 a year. The US average is $69,021 a year.