Cost of Living in Buffalo Soapstone, AK

With a cost of living index of 100, Buffalo Soapstone, AK is right around the national average in cost. Living here is 0% more expensive than the national average and 10% above the Alaska state average of 90. Buffalo Soapstone is a small community of 799 residents.

The median household income in Buffalo Soapstone is $68,750, which is 9% lower than the national median of $75,149.

Climate is another factor for anyone considering a move to Buffalo Soapstone. The area sees an average annual temperature of 37.1°F, with summers averaging 57°F and winters around 18°F. Annual rainfall totals 12.6 inches spread over roughly 98 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Anchorage, AK (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.