Zip 99603 (Homer, AK) Economy


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United States / Alaska / No Metro Area / Kenai Peninsula Borough County / Homer / Homer (zip 99603)
The city of Homer, AK (99603) is a great place to live with a 2 bedroom rent of $1,210 compared to the US average of $1,430. Its also known to have an affordable grocery cost index of 124 versus 100 in the US. Those looking for rental housing can check out companies like Homer Rental Properties or Dutch Harbor Realty to find their perfect space. For groceries, shoppers can visit local stores like Save U More or P's Market for all of their needs. With low rent prices and relatively high grocery cost index, 99603 Homer, AK is an attractive option as a place to live.

Homer (zip 99603) has an unemployment rate of 8.9%. The US average is 6.0%.

Homer (zip 99603) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 12.1%, which is lower than the US average of 33.5%.

Tax Rates for Homer (zip 99603)
- The Sales Tax Rate for Homer (zip 99603) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Homer (zip 99603) 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 Homer (zip 99603)
- The average income of a Homer (zip 99603) resident is $30,175 a year. The US average is $28,555 a year.
- The Median household income of a Homer (zip 99603) resident is $67,119 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHomer, AlaskaUnited States
  8.96
  -4.0%-6.2%
  12.1%33.5%
  7.9%6.2%
  0.0%4.6%
  $35,973$37,638
  $67,119$69,021
  $86,701$85,028
  Population by Occupation
  6.5%1.2%
  1.3%0.5%
  6.7%6.8%
  4.2%10.0%
  1.2%2.5%
  12.5%11.0%
  7.1%4.8%
  2.2%0.8%
  1.5%1.9%
  1.1%4.7%
  1.5%1.9%
  4.7%7.6%
  0.1%0.1%
  2.2%4.2%
  11.1%9.3%
  15.1%14.0%
  2.7%2.1%
  7.4%7.0%
  3.9%4.8%
  7.1%4.7%
Health