99759 Point Lay, AK is a small town located in the Northwest Arctic Borough of Alaska. It has an estimated population of just over 400 people and is known for its hunting and fishing opportunities. The area's climate can be quite cold during the winter months, but temperatures are moderate during summer. The average 2 bedroom rent in 99759 Point Lay is $1,790 which is higher than the national average of $1,430. Additionally, the Grocery Cost Index in 99759 Point Lay is 248 compared to 100 nationally. This indicates that groceries here are more expensive than the US overall. \nThe local economy of 99759 Point Lay mainly depends on fishing and tourism as the main sources of income. There are several companies that provide fishing expeditions for tourists as well as supply services such as transport and equipment rental. There is also subsistence hunting in the area which provides additional economic benefits to the town's population. Other businesses include a few general stores and gas stations, offering basic amenities to visitors and locals alike.
Point Lay (zip 99759) has an unemployment rate of 6.6%. The US average is 6.0%.
Point Lay (zip 99759) 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 1.2%, which is lower than the US average of 33.5%.
Tax Rates for Point Lay (zip 99759)
- The Sales Tax Rate for Point Lay (zip 99759) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Point Lay (zip 99759) 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 Point Lay (zip 99759)
- The average income of a Point Lay (zip 99759) resident is $20,529 a year. The US average is $37,638 a year.
- The Median household income of a Point Lay (zip 99759) resident is $78,750 a year. The US average is $69,021 a year.