Housing costs in Ketchikan?
A typical home costs
$379,900, which is 12.4% more expensive than the national average of
$338,100 and 13.0% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Ketchikan costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and 10.7% cheaper than the state average of
$1,350.
Can I afford Ketchikan?
To live comfortably in Ketchikan, Alaska, a minimum annual income of
$72,720 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Ketchikan?
The cost of living in Ketchikan, AK is relatively high compared to other parts of the country. This is due in large part to its remote location and limited access to goods and services, leading to higher prices on everyday items such as groceries. The housing market is particularly costly, with a median home value well above the national average. Transportation costs are also elevated due to the need for ferry services, making it difficult for visitors and locals alike to get around without incurring high costs. However, the area's natural beauty and abundance of outdoor activities make it an attractive place to live or visit despite the higher cost of living.