Housing costs in Kaktovik?
A typical home costs
$115,900, which is 65.7% less expensive than the national average of
$338,100 and 65.5% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Kaktovik costs
$1,790 per month, which is 25.2% more than the national average of
$1,430 and 24.6% more than the state average of
$1,350.
Can I afford Kaktovik?
To live comfortably in Kaktovik, Alaska, a minimum annual income of
$22,320 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Kaktovik?
The cost of living in Kaktovik, AK is among the highest in the United States. Groceries and other essential items are often much more expensive than those found in other parts of the country. Additionally, due to its remote location, there are few options for shopping or entertainment, resulting in a lack of competitive prices. In addition to high prices, heating costs can be significant due to frigid temperatures during the colder months. Transportation is also expensive as supplies must be flown in from larger cities. Despite these challenges, many residents find that the benefits of living in Kaktovik offset the expense of living there.