Housing costs in Chena Ridge?
A typical home costs
$344,800, which is 2.0% more expensive than the national average of
$338,100 and 2.6% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Chena Ridge costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and close to the state average of
$1,350.
Can I afford Chena Ridge?
To live comfortably in Chena Ridge, Alaska, a minimum annual income of
$66,240 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Chena Ridge?
Living in Chena Ridge, AK can be expensive due to the remote location. The cost of groceries is higher than in other parts of the country because most items have to be flown or shipped in from elsewhere. Gasoline and fuel prices are high as well due to transportation costs. Housing is also expensive since there are few options for both buying and renting homes. Despite these high costs, people flock to this unique place to enjoy its beautiful natural scenery and small-town atmosphere.