Cost of Living in Akiak, AK

With a cost of living index of 51, Akiak, AK is one of the most affordable cities in the country. Living here is 49% cheaper than the national average and 39% below the Alaska state average of 90. Akiak is a small community of 273 residents.

Housing costs are the biggest factor in Akiak's cost of living. The median monthly rent is $425 (68% below the US median of $1,319), and the median home value sits at $22,500 (93% below the national median of $304,900). At current prices, the median home costs roughly 0.3x the median household income — well within traditional affordability guidelines.

The median household income in Akiak is $71,667, which is 5% lower than the national median of $75,149. Residents spend roughly 7% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Akiak. The area sees an average annual temperature of 31.4°F, with summers averaging 55°F and winters around 10°F. Annual rainfall totals 19.7 inches spread over roughly 151 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.