Cost of Living in Chefornak, AK

With a cost of living index of 86, Chefornak, AK is a very affordable place to live. Living here is 14% cheaper than the national average and 4% below the Alaska state average of 90. Chefornak is a small community of 530 residents.

The median household income in Chefornak is $46,250, which is 38% lower than the national median of $75,149. Residents spend roughly 21% 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 Chefornak. 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.