The cost of living in Hope, Alaska (99605) is relatively lower than the average cost of living in the US. The average 2 bedroom rent is $1,180 compared to the US average of $1,430 and the Grocery Cost Index is 127 versus 100 for the US. This makes Hope an affordable place to live and explore.
The town offers many opportunities for outdoor exploration such as skiing at arctic valley ski area and fishing in Cook Inlet near Resurrection Bay. There are also a few restaurants and cafes located in the area such as The Fish House, Los Cabos Cafe, and Nanny Goat Cafe where visitors can enjoy fresh seafood cuisine. Additionally, there are some small businesses that operate within the community such as 6th Avenue Auto Repair, Triple C Carpentry & Construction LLC., Alaska Artisan Design Group Inc., and Mariposa Family Dental Care PC. All of these companies offer unique services to make life more enjoyable for those who live or are visiting Hope.
Hope (zip 99605) has an unemployment rate of 8.9%. The US average is 6.0%.
Hope (zip 99605) has seen the job market decrease by -4.0% 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 Hope (zip 99605)
- The Sales Tax Rate for Hope (zip 99605) is 3.0%. The US average is 7.3%.
- The Income Tax Rate for Hope (zip 99605) 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 Hope (zip 99605)
- The average income of a Hope (zip 99605) resident is $35,480 a year. The US average is $37,638 a year.
- The Median household income of a Hope (zip 99605) resident is $0 a year. The US average is $69,021 a year.