Housing costs in Alaska?
A typical home costs
$336,100, which is 0.6% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Alaska costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and close to the state average of
$1,350.
Can I afford Alaska?
To live comfortably in Alaska, a minimum annual income of
$64,440 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Alaska?
The cost of living in Alaska State is higher than the national average, primarily due to the high cost of energy and transportation. The state has some of the highest electricity rates in the country, with an average residential electricity rate of 21.22 cents per kilowatt-hour as compared to the national average of 12.76 cents. Additionally, many items have to be shipped into Alaska from other parts of the country, meaning that transportation costs are often quite high. Housing costs can also be a major expense for those living in Alaska, with median rent prices ranging from $1,067 - $2,208 depending on the area. In general, however, if you’re prepared for some additional expenses associated with living in Alaska State due to its remote location and unique climate, it can be a wonderful place to call home.