Toksook Bay, AK is a small rural community located in southwestern Alaska. The cost of living is relatively high compared to the rest of the United States, with 2 bedroom rent being an average of $1,850 and a grocery cost index of 201 versus 100 in the US. Despite this higher cost of living, residents have access to a variety of local companies such as Nootka Seafoods, Native Arts & Culture, and Tagoona Construction that provide services and products which support the thriving community.
Toksook Bay has an unemployment rate of 12.2%. The US average is 6.0%.
Toksook Bay has seen the job market decrease by -0.4% 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 Toksook Bay
- The Sales Tax Rate for Toksook Bay is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Toksook Bay 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 Toksook Bay
- The average income of a Toksook Bay resident is $13,619 a year. The US average is $28,555 a year.
- The Median household income of a Toksook Bay resident is $45,096 a year. The US average is $69,021 a year.