Cost of Living in Akutan, AK

With a cost of living index of 64, Akutan, AK is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 26% below the Alaska state average of 90. Akutan is a small community of 737 residents.

Housing costs are the biggest factor in Akutan's cost of living. The median monthly rent is $642 (51% below the US median of $1,319), and the median home value sits at $91,400 (70% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Akutan is $27,500, which is 63% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Akutan. The area sees an average annual temperature of 39.3°F, with summers averaging 50°F and winters around 30°F. Annual rainfall totals 42.7 inches spread over roughly 250 days.

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.