Kaktovik, AK is a small town in the state of Alaska with a population of 99747. The average 2 bedroom rent in Kaktovik is $1,810 per month, while the national average is $1,430. Grocery costs are high in Kaktovik with an index rating of 252 compared to 100 in the US.
Kaktovik is supported by several local companies and organizations such as Arctic Slope Regional Corporation (ASRC), Kaktovik Inupiat Corporation (KIC), and Kaktovik Iñupiat Corporation (KIC). ASRC provides employment opportunities in oil and gas services, construction, security services, and environmental services. KIC was founded to provide housing assistance for members of the community and offers housing rehabilitation programs. KIC also owns an international air cargo service that delivers goods to Alaska's remote communities. Additionally, the North Slope Borough School District operates schools in Kaktokvik where students can learn Inupiaq language alongside traditional subjects such as mathematics and science.
Kaktovik (zip 99747) has an unemployment rate of 6.6%. The US average is 6.0%.
Kaktovik (zip 99747) has seen the job market decrease by -10.4% over the last year. Future job growth over the next ten years is predicted to be 0.9%, which is lower than the US average of 33.5%.
Tax Rates for Kaktovik (zip 99747)
- The Sales Tax Rate for Kaktovik (zip 99747) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Kaktovik (zip 99747) 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 Kaktovik (zip 99747)
- The average income of a Kaktovik (zip 99747) resident is $27,179 a year. The US average is $37,638 a year.
- The Median household income of a Kaktovik (zip 99747) resident is $78,250 a year. The US average is $69,021 a year.