Known for its railroad system and oil industry, Alaska is also known for being one of the most expensive states to live. Currently, this state ranks as the 5th most expensive in the nation. With that statistic in mind, it’s no surprise that many residents of Anchorage find themselves in need of debt management services.
Alaska currently ranks poorly among other states for its unemployment rate. In Anchorage, the unemployment rate as of June 2017 was 6.5%, substantially higher than the US overall unemployment rate which remains at 4.5%.
As of June 2017, the median annual income in Anchorage was $69,205. The average listing price for a home in Anchorage is around $326,470. Along with medical costs, housing costs and groceries are significantly higher in Anchorage than the rest of the nation. This makes acquiring debt much easier for the residents of Anchorage and surrounding Alaska cities.
With the unemployment rate and cost of living high and the job growth low, there has never been a better time for Anchorage residents to get their finances in order. While you’re working hard to pay down your debt, you can still enjoy life in Anchorage without overspending. Visit Tony Knowles Coastal Trail–it’s a great place to go for a run, bike ride or a walk. For a nice day trip, consider visiting Kincaid Park for hiking trails, beautiful nature views, disc golf, skiing and picnicking.
When choosing a debt management service, you want to look for a quality and reputable company. CreditGUARD of America is a nonprofit debt management company who has been working to relieve our customer’s debt for more than 20 years. Our consumer credit counselors are always available to discuss your finances and help you get back on track to a stable financial future. They can guide you through the steps of a personalized debt management plan, including debt consolidation, credit counseling, financial education and budgeting and income tips.
Ready to start working towards a financially stable future? Call one of our certified credit counselors at CreditGUARD of America today for more information on our debt management services. If you’d like to explore more educational articles and learn more about us, visit our blog or call us at 800-500-6489.