Kodiak Island Borough, AK County is a great place to live. It offers its residents the chance to experience life in Alaska's second biggest city while still having access to a variety of amenities and activities. The cost of living is generally lower than in other parts of Alaska with average two bedroom rent being $1,640 compared to the US average of $1,430. The Grocery Cost Index in Kodiak Island Borough, AK County is 142 versus 100 in the United States.
The borough is home to many local businesses such as Kodiak Salmon Sisters, Love Your Layers, and Harborview Inn & Durkee Street Market. Residents have the opportunity to experience locally sourced seafood and products from artisan craftspeople. With an overall lower cost of living and a great selection of local businesses, Kodiak Island Borough is a great place to live or visit.
Kodiak Island Borough County has an unemployment rate of 5.8%. The US average is 6.0%.
Kodiak Island Borough County has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 12.2%, which is lower than the US average of 33.5%.
Tax Rates for Kodiak Island Borough County
- The Sales Tax Rate for Kodiak Island Borough County is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Kodiak Island 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 Kodiak Island Borough County
- The average income of a Kodiak Island Borough County resident is $29,993 a year. The US average is $28,555 a year.
- The Median household income of a Kodiak Island Borough County resident is $83,765 a year. The US average is $69,021 a year.