Teller, AK is a small village located on the Seward Peninsula. It has a population of around 200 people and is surrounded by wilderness and stunning views of the Bering Sea. The cost of living in Teller is slightly higher than the rest of the US, with 2 bedroom rent costing $1,470 compared to $1,430 for other parts of the country. This is also mirrored in the Grocery Cost Index which sits at 181 compared to 100 in the US. Companies that operate in Teller include KIC Fisheries, Norton Sound Economic Development Corporation (NSEDC), Arctic Construction Company, and Arctic Financial Services. All these local businesses contribute to a thriving economy in Teller and bring diverse opportunities for employment.
Teller has an unemployment rate of 9.6%. The US average is 6.0%.
Teller 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 Teller
- The Sales Tax Rate for Teller is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Teller 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 Teller
- The average income of a Teller resident is $17,602 a year. The US average is $37,638 a year.
- The Median household income of a Teller resident is $32,083 a year. The US average is $69,021 a year.