Housing costs in Nome?
A typical home costs
$325,300, which is 3.8% less expensive than the national average of
$338,100 and 3.2% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Nome costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 57.0% cheaper than the state average of
$1,350.
Can I afford Nome?
To live comfortably in Nome, Alaska, a minimum annual income of
$62,280 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Nome?
The cost of living in Nome, AK is relatively high compared to the national average. According to BestPlaces's Cost of Living Index, the cost of groceries in Nome is 28.71% higher than the US average and housing costs are 77.90% higher than the US average. Utilities are also more expensive: electricity and heating energy costs are 74.13% higher than the US average. In addition, goods and services such as restaurants and transportation are 30.27% higher than the US average. All in all, living in Nome can be expensive for those who don't have an established income or savings to help manage day-to-day expenses.