The small town of Lake Minchumina, Alaska (99757) is a tight-knit community with a population of just over 100. The average rent for a two bedroom in this area is $960, making it less expensive than the US average of $1,430. Additionally, the Grocery Cost Index in the area is 154 versus 100 in the US, showing that it's slightly more expensive to buy food here than other areas.
The local economy is supported by several businesses including Little Tilly's Trading Post, which provides goods and services to residents of Lake Minchumina; Hope Air Service, which offers charter flights from Fairbanks to remote Alaskan villages; and Alaska Airlines/PenAir, which provides daily passenger service for locals and tourists alike. Each company contributes greatly to the economy of Lake Minchumina and helps keep its residents supplied with necessary supplies as well as offering great tourist attractions.
Lake Minchumina (zip 99757) has an unemployment rate of 11.7%. The US average is 6.0%.
Lake Minchumina (zip 99757) 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 Lake Minchumina (zip 99757)
- The Sales Tax Rate for Lake Minchumina (zip 99757) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Minchumina (zip 99757) 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 Lake Minchumina (zip 99757)
- The average income of a Lake Minchumina (zip 99757) resident is $102,933 a year. The US average is $37,638 a year.
- The Median household income of a Lake Minchumina (zip 99757) resident is $0 a year. The US average is $69,021 a year.