Alaska is a unique and beautiful state located in the north-western corner of the US. It is renowned for its stunning landscapes, wildlife, and outdoor activities. Its low population density makes it one of the most sparsely populated states in the country. The average 2 bedroom rent in Alaska State is $1,350 compared to an average of $1,430 across America. Additionally, its grocery cost index is 142 versus 100 in the US generally.
Local companies operating in Alaska include Alaska Airlines, Key Bank of Alaska, and Arctic Slope Regional Corporation. These businesses are big corporate players with long-standing presence and community engagement in the state. Together with many other small businesses, they contribute to the vibrant economy of Alaska and support its citizens’ livelihoods.
Alaska has an unemployment rate of 7.1%. The US average is 6.0%.
Alaska has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 16.5%, which is lower than the US average of 33.5%.
Tax Rates for Alaska
- The Sales Tax Rate for Alaska is 1.4%. The US average is 7.3%.
- The Income Tax Rate for Alaska 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 Alaska
- The average income of a Alaska resident is $33,129 a year. The US average is $28,555 a year.
- The Median household income of a Alaska resident is $80,287 a year. The US average is $69,021 a year.