Wales, Alaska is a small town located in the Nome census area. It has a population of 145 and is known for its breathtaking views of the Bering Sea. The cost of living in Wales, AK is slightly higher than the US average with a 2 bedroom rent at $1,510 compared to $1,430 in the US and a grocery cost index at 174 versus 100 in the US. Popular local companies include Arctic Slope Regional Corporation and Bering Straits Native Corporation who both offer employment opportunities to locals. Wales offers an endless amount of outdoor activities from fishing, kayaking, snowmobiling to hiking and camping.
Wales has an unemployment rate of 9.6%. The US average is 6.0%.
Wales 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 Wales
- The Sales Tax Rate for Wales is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Wales 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 Wales
- The average income of a Wales resident is $12,524 a year. The US average is $28,555 a year.
- The Median household income of a Wales resident is $33,125 a year. The US average is $69,021 a year.