Cost of Living in Anaktuvuk Pass, AK

With a cost of living index of 83, Anaktuvuk Pass, AK is a very affordable place to live. Living here is 17% cheaper than the national average and 8% below the Alaska state average of 90. Anaktuvuk Pass is a small community of 277 residents.

Housing costs are the biggest factor in Anaktuvuk Pass's cost of living. The median monthly rent is $1,143 (13% below the US median of $1,319), and the median home value sits at $137,500 (55% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Anaktuvuk Pass is $83,250, which is 11% higher than the national median of $75,149. Residents spend roughly 16% 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 Anaktuvuk Pass. The area sees an average annual temperature of 23.9°F, with summers averaging 57°F and winters around -7°F. Annual rainfall totals 16 inches spread over roughly 129 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.