Housing costs in Mentasta Lake?
A typical home costs
$345,200, which is 2.1% more expensive than the national average of
$338,100 and 2.7% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Mentasta Lake costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$1,350.
Can I afford Mentasta Lake?
To live comfortably in Mentasta Lake, Alaska, a minimum annual income of
$66,240 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Mentasta Lake?
Mentasta Lake, AK is known for its low cost of living relative to other parts of the country. The overall cost of goods and services is much lower than most places in the US, making it attractive for those looking to escape the high costs of city life. The median home value is well below the national average, and rent prices are quite affordable. Groceries, gasoline, and other items are also less expensive than many other areas due to limited competition in the region. Furthermore, there is no state sales tax in Alaska which can make a significant difference for residents as they purchase items. All these factors help create an atmosphere where people can live comfortably while saving money at the same time.