Arctic Village, AK (99722) is a remote village in the Alaskan Arctic located near Gates of the Arctic National Park. The small community has a population of just over 150 people and is home to several local companies such as NANA Regional Corporation, Arctic Slope Regional Corporation, and Doyon Limited. As with most areas of Alaska, the cost of living is high in the area with 2 Bedroom rent at $960 compared to the US average at $1430. Additionally, grocery costs are higher too with an index of 155 versus 100 in US. All this makes it difficult for locals to get by in day-to-day life in Arctic Village.
Arctic Village (zip 99722) has an unemployment rate of 11.7%. The US average is 6.0%.
Arctic Village (zip 99722) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 13.6%, which is lower than the US average of 33.5%.
Tax Rates for Arctic Village (zip 99722)
- The Sales Tax Rate for Arctic Village (zip 99722) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Arctic Village (zip 99722) 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 Arctic Village (zip 99722)
- The average income of a Arctic Village (zip 99722) resident is $12,127 a year. The US average is $37,638 a year.
- The Median household income of a Arctic Village (zip 99722) resident is $37,708 a year. The US average is $69,021 a year.