Wainwright, AK is a small town located in North Slope Borough. It has a population of approximately 602 people. Since it is so small, there is limited job options available to the community. Its major employers are companies like BP Exploration (Alaska), Inc., Kiewit Corporation, and ConocoPhillips Alaska Inc., who are all involved in oil and gas operations. Despite its lack of economic opportunity, Wainwright still has an impressive median household income of $162,000. Aside from employment opportunities related to oil and gas companies the town also has access to low cost 2 bedroom rent for $1,790 per month compared to the US average at $1,430. Families living in Wainwright also benefit from low grocery costs as well which have an index of 251 versus 100 in the US.
Wainwright has an unemployment rate of 6.6%. The US average is 6.0%.
Wainwright 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 0.1%, which is lower than the US average of 33.5%.
Tax Rates for Wainwright
- The Sales Tax Rate for Wainwright is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Wainwright 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 Wainwright
- The average income of a Wainwright resident is $20,551 a year. The US average is $28,555 a year.
- The Median household income of a Wainwright resident is $84,000 a year. The US average is $69,021 a year.