99901 Ketchikan, AK is an area that has a relatively low cost of living compared to other areas. The average 2 bedroom rent in this area is $1,280 which is significantly lower than the US average of $1,430. Similarly, the grocery cost index in 99901 Ketchikan is 159 versus 100 in the US. This means that it is more affordable for local residents to purchase groceries in this area than elsewhere.
Local companies such as Charley’s Fish House and Bar, Cranberry Cafe and Catering, and Stedman's Electronics are some of the businesses that call this area home. These businesses have helped to create employment opportunities for locals and provide them with a stable source of income so that they can afford the cost of living here comfortably. The lower costs also help local residents save money on rent and other everyday expenses which benefits their overall standard of living.
Ketchikan (zip 99901) has an unemployment rate of 8.8%. The US average is 6.0%.
Ketchikan (zip 99901) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Ketchikan (zip 99901)
- The Sales Tax Rate for Ketchikan (zip 99901) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Ketchikan (zip 99901) 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 Ketchikan (zip 99901)
- The average income of a Ketchikan (zip 99901) resident is $31,487 a year. The US average is $28,555 a year.
- The Median household income of a Ketchikan (zip 99901) resident is $77,820 a year. The US average is $69,021 a year.