Cost of Living in Alakanuk, AK

With a cost of living index of 87, Alakanuk, AK is a very affordable place to live. Living here is 13% cheaper than the national average and 3% below the Alaska state average of 90. Alakanuk is a small community of 997 residents.

The median household income in Alakanuk is $39,667, which is 47% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Alakanuk. The area sees an average annual temperature of 28°F, with summers averaging 50°F and winters around 8°F. Annual rainfall totals 17.2 inches spread over roughly 131 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.