Housing costs in Newtok?
A typical home costs
$279,300, which is 17.4% less expensive than the national average of
$338,100 and 16.9% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Newtok costs
$3,660 per month, which is 155.9% more than the national average of
$1,430 and 63.1% more than the state average of
$1,350.
Can I afford Newtok?
To live comfortably in Newtok, Alaska, a minimum annual income of
$53,640 for a family, and
$114,800 for a single person is recommended.
What does A.I. say about Newtok?
The cost of living in Newtok, AK is significantly higher than the national average. The median home value is nearly three times the national median, and the cost of food, housing, and transportation are all significantly higher than the national average. It is not uncommon for residents to have to choose between basic necessities due to the high cost of living in Newtok. This high cost of living has impacted the local economy as many people are unable to afford quality homes or other products and services that would otherwise be available, such as a grocery store.