Lake and Peninsula Borough in Alaska County is known for its picturesque landscapes and small population. It has a unique culture and offers a relaxed lifestyle. The area's two bedroom rent costs $860, which is significantly lower than the US average at $1,430. Additionally, the Grocery Cost Index in Lake and Peninsula Borough is 143 compared to 100 in the US, indicating that groceries are more expensive there than elsewhere. Despite this higher cost of food, Lake and Peninsula Borough remains an attractive place to live due to its great scenery and overall low cost of living. Local businesses such as Alaska Fur Exchange, Western Alaska Tours & Charters, Kvichak Marine Industries Inc., Bristol Bay Native Corporation & Island Air Express offer visitors an array of services while also providing job opportunities for locals. All in all, it’s easy to see why Lake and Peninsula Borough is a great place to call home!
Lake and Peninsula Borough County has an unemployment rate of 9.4%. The US average is 6.0%.
Lake and Peninsula Borough County has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Lake and Peninsula Borough County
- The Sales Tax Rate for Lake and Peninsula Borough County is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Lake and Peninsula Borough County 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 Lake and Peninsula Borough County
- The average income of a Lake and Peninsula Borough County resident is $21,581 a year. The US average is $28,555 a year.
- The Median household income of a Lake and Peninsula Borough County resident is $49,688 a year. The US average is $69,021 a year.