North Slope Borough, AK County is a small yet thriving community located in the far-north of Alaska. The borough offers a variety of services and amenities to both its citizens and visitors. For example, rent for a two bedroom residence is $1,780 compared to the US average of $1,430. Additionally, the grocery cost index in North Slope Borough is 252 versus 100 in the US. This indicates that food costs are significantly higher than other areas in the country. Prominent local companies include NANA Regional Corporation, which provides management services for land owned by Alaska Native Corporations; Arctic Slope Regional Corporation, which specializes in oil and gas exploration; and Ukpeagvik Iñupiat Corporation, which serves as an umbrella organization for numerous subsidiaries related to energy and technology.
North Slope Borough County has an unemployment rate of 6.6%. The US average is 6.0%.
North Slope Borough County 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 1.1%, which is lower than the US average of 33.5%.
Tax Rates for North Slope Borough County
- The Sales Tax Rate for North Slope Borough County is 0.2%. The US average is 7.3%.
- The Income Tax Rate for North Slope 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 North Slope Borough County
- The average income of a North Slope Borough County resident is $50,267 a year. The US average is $28,555 a year.
- The Median household income of a North Slope Borough County resident is $83,992 a year. The US average is $69,021 a year.