The small community of Shaktoolik, AK (zip code 99771) has a population of approximately 212 people. Despite its small size, rental prices for two-bedroom apartments are significantly higher than the US average at $1,500 per month. Grocery costs are also quite high with a grocery cost index of 179 versus 100 in the US. This makes it challenging for residents to keep their cost of living low.
Living in Shaktoolik is still possible due to local companies that support the community. Examples include King Island Native Corporation, which offers retail goods and services as well as employment opportunities; Alaska Department of Fish & Game; and Alaska Power & Telephone Company, which provides power and telecommunications services. The high costs associated with living in Shaktoolik make it important for residents to take advantage of these local companies when possible to offset some of their expenses.
Shaktoolik (zip 99771) has an unemployment rate of 9.6%. The US average is 6.0%.
Shaktoolik (zip 99771) has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Shaktoolik (zip 99771)
- The Sales Tax Rate for Shaktoolik (zip 99771) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Shaktoolik (zip 99771) 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 Shaktoolik (zip 99771)
- The average income of a Shaktoolik (zip 99771) resident is $14,985 a year. The US average is $37,638 a year.
- The Median household income of a Shaktoolik (zip 99771) resident is $58,500 a year. The US average is $69,021 a year.