Cost Of Living & Real Estate

The Tax Advantages of Living in Alaska: No State Sales Tax and No State Income Tax

Alaska has no state sales tax and no state income tax earning a reputation for being one of the most tax-friendly states in the country. If you currently live in a state with a sales tax and are sick of all the “extra” costs added to each purchase, you will immediately see the advantage Alaska offers. Without a sales tax, the price of your purchase will be more straightforward. What you see on the price tag is actually what you will pay! Everyday items like food and clothing, as well as large purchases like appliances, will be more affordable in Alaska. Over time, not having to pay a tax on each purchase will help you to achieve a lower cost of living.

Alaska also has no state income tax. This means that there is more of your paycheck that is yours to spend on other living expenses. Alaska is not completely tax-free, what types of taxes are there? There are property taxes levied in 15 boroughs and 9 cities. Alaska also has some sales taxes in some locations for things like raw fish, hotel rooms, liquor and tobacco, gaming, and fuel transfer. Overall Alaska offers a lot of freedom from taxation but is not completely tax-free. 

https://www.salary.com/research/cost-of-living/soldotna-ak

https://kathyrickmanrealtor.com/communities/soldotna-alaska/

https://www.zillow.com/homedetails/33615-Gas-Well-Rd-Soldotna-AK-99669/74513265_zpid/

https://www.zillow.com/homedetails/41860-E-Lake-Ave-Soldotna-AK-99669/81603788_zpid/ 

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