Housing costs in Homer?
A typical home costs
$353,500, which is 4.6% more expensive than the national average of
$338,100 and 5.2% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Homer costs
$1,210 per month, which is 15.4% cheaper than the national average of
$1,430 and 11.6% cheaper than the state average of
$1,350.
Can I afford Homer?
To live comfortably in Homer (zip 99603), Alaska, a minimum annual income of
$67,680 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Homer?
The cost of living in Homer, AK 99603 is significantly higher than the national average. Prices for housing, food, and clothing are all more expensive due to the remote nature of the town. Additionally, goods that must be shipped in from outside the city are subject to high transportation costs, which can further drive up prices. Despite this, many people find the picturesque scenery and amazing outdoor activities make it worth the cost of living in Homer.