Housing costs in Palmer?
A typical home costs
$351,300, which is 3.9% more expensive than the national average of
$338,100 and 4.5% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Palmer costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 18.4% cheaper than the state average of
$1,350.
Can I afford Palmer?
To live comfortably in Palmer, Alaska, a minimum annual income of
$67,320 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Palmer?
The cost of living in Palmer, AK is relatively low compared to some other areas in the United States. The median home value in Palmer is $204,700, which is lower than the Alaska state average. The median household income is also slightly below the Alaska state average, at $64,816. Along with a low cost of living and prices on everyday items like groceries and gas, Palmer boasts a great quality of life for those who choose to call it home. There are plenty of outdoor activities available all year long and the community has a strong sense of pride and camaraderie amongst its residents.