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Yakutsk, city and capital of Sakha republic (Yakutia), in far northeastern Russia, on the Lena River. A fort was founded on the Lena's low right bank in 1632 and transferred 43 miles (70 km) upstream to the present site of Yakutsk in 1642.

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The republic's main waterway is the Lena River, which links Yakutsk with the rail station of Ust-Kut in Irkutsk Oblast. Air transport is the most important for transporting people. Airlines connect the republic with most regions of Russia.

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The only thing that can be added to Marco's great answer is that the average salary in Yakutsk (or, more precisely, in Alrosa, the diamond mining company, structures) is substantially higher than any similiar position in other cities, except maybe in Moscow.

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