Housing costs in King Cove?
A typical home costs
$130,500, which is 61.4% less expensive than the national average of
$338,100 and 61.2% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in King Cove costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 6.3% cheaper than the state average of
$1,350.
Can I afford King Cove?
To live comfortably in King Cove, Alaska, a minimum annual income of
$24,840 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about King Cove?
The cost of living in King Cove, AK is relatively high. The unemployment rate is low at just 5 percent and the median household income is around $67,500. Prices for goods and services are slightly higher than in other Alaskan towns due to its remote location. Housing costs are also high, with the median home value estimated to be around $305,000. Although groceries and basic necessities are available in local stores, they can often be more expensive than elsewhere due to the cost of shipping them to this remote location. All in all, living in King Cove may be a bit pricier than some other areas but it does offer a unique experience that can't easily be found elsewhere.