Alaska, MN Economy


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Alaska, MN is a small town located in Minnesota with a population of just over 2,000 people. It is a great place to live for those who enjoy peace and quiet while still having access to modern amenities. The cost of living in Alaska is quite reasonable compared to other towns in Minnesota and the US as a whole. For example, the average two bedroom rent in Alaska is $970 while it is $1,430 in the US. Additionally, Alaska has a grocery cost index of 97 compared to 100 in the US.
The job market in Alaska offers a variety of opportunities for all kinds of professions. There are several local companies like Boomslick Inc., Northstar Manufacturing Co., and Millwood Construction that offer positions for qualified individuals. Whether one is looking for temporary or permanent work, there are countless options available in this small town.

Alaska has an unemployment rate of 5.1%. The US average is 6.0%.

Alaska has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.

Tax Rates for Alaska
- The Sales Tax Rate for Alaska is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Alaska is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Alaska
- The average income of a Alaska resident is $24,852 a year. The US average is $28,555 a year.
- The Median household income of a Alaska resident is $77,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlaska, MinnesotaUnited States
  5.16
  -0.2%-6.2%
  29.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $26,763$37,638
  $77,500$69,021
  $88,098$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  12.3%6.8%
  6.6%10.0%
  0.0%2.5%
  25.5%11.0%
  1.9%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  6.6%7.6%
  0.0%0.1%
  0.0%4.2%
  3.8%9.3%
  30.2%14.0%
  3.8%2.1%
  4.7%7.0%
  1.9%4.8%
  2.8%4.7%
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