Shishmaref, AK is a small town located in Alaska's Northwest Arctic Borrough. It has a population of about 600 people and there are two main industries that contribute to the local economy: fishing and tourism. The 2 bedroom rent in Shishmaref is $1,430 which is similar to the US average of $1,430. The grocery cost index in Shishmaref is 177 versus 100 in the US. There are several local companies operating in Shishmaref such as Sealaska Corporation which provides employment for many locals as well as Chuganausk Village Council which offers various services such as housing assistance, utility bill payment assistance and medical care. Tourism also plays an important role in the local economy by providing jobs for locals and bringing much needed income into the community.
Shishmaref has an unemployment rate of 9.6%. The US average is 6.0%.
Shishmaref has seen the job market decrease by -3.3% 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 Shishmaref
- The Sales Tax Rate for Shishmaref is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Shishmaref 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 Shishmaref
- The average income of a Shishmaref resident is $16,631 a year. The US average is $37,638 a year.
- The Median household income of a Shishmaref resident is $53,182 a year. The US average is $69,021 a year.