Savoonga, AK Economy


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United States / Alaska / No Metro Area / Nome Census Area County / Savoonga / Zip Codes
Savoonga, AK is a remote community located in the Norton Sound region of Alaska. It has a population of 611 people, according to the 2010 Census. The cost of living in Savoonga is higher than the national average due to its isolated location; for example, 2 bedroom rent in Savoonga is $1,490 compared to the $1,430 US average, and grocery costs are 179 versus 100 nationally. Despite its remoteness, there are still many local businesses and services operating within Savoonga. For instance, the Northwest Arctic Heritage Center offers educational programming about Native culture; Umiak Outfitters provides fishing charters that can be customized for any experience level; and Qanirtuuq Inc sells native art and handmade crafts created by local artists. Other businesses such as Kavegenek Native Corporation provide contracting services for construction projects throughout Alaska. With all these services available, Savoonga serves as an important hub of activity for both locals and visitors alike.

Savoonga has an unemployment rate of 9.6%. The US average is 6.0%.

Savoonga has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.

Tax Rates for Savoonga
- The Sales Tax Rate for Savoonga is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Savoonga 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 Savoonga
- The average income of a Savoonga resident is $7,507 a year. The US average is $28,555 a year.
- The Median household income of a Savoonga resident is $49,792 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySavoonga, AlaskaUnited States
  9.66
  -3.3%-6.2%
  9.6%33.5%
  0.0%6.2%
  0.0%4.6%
  $14,382$37,638
  $49,792$69,021
  $49,375$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.3%6.8%
  1.4%10.0%
  0.9%2.5%
  11.7%11.0%
  8.9%4.8%
  12.7%0.8%
  2.3%1.9%
  1.4%4.7%
  5.2%1.9%
  0.0%7.6%
  0.0%0.1%
  3.8%4.2%
  17.8%9.3%
  12.2%14.0%
  2.3%2.1%
  0.0%7.0%
  0.0%4.8%
  16.0%4.7%
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