Housing costs in Homer?
A typical home costs
$358,000, which is 5.9% more expensive than the national average of
$338,100 and 6.5% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Homer costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 17.4% cheaper than the state average of
$1,350.
Can I afford Homer?
To live comfortably in Homer, Alaska, a minimum annual income of
$68,760 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Homer?
The cost of living in Homer, AK is significantly higher than the national average. This is due to the high cost of housing, which makes up a large portion of any household budget. Groceries are also slightly more expensive than the national average, as well as gasoline and utilities. The good news is that while Homer may be more expensive than some areas, it also has a very low unemployment rate and plenty of job opportunities to make up for the higher prices.