Cost of Living in Cold Bay, AK
Population: 153 | Alaska
Cold Bay is 4% less expensive than the national average.
Cost of Living in Cold Bay, AK: What You Need to Know
With a cost of living index of 96, Cold Bay, AK is slightly more affordable than average. Living here is 4% cheaper than the national average and 6% above the Alaska state average of 90. Cold Bay is a small community of 153 residents.
The median household income in Cold Bay is $112,273, which is 49% higher than the national median of $75,149. Residents spend roughly 12% 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 Cold Bay. 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.
Income
- Median Household Income
- $112,273
- vs US Median ($75,149)
- +49%
Housing
- Median Rent
- $1,141/mo
- Median Monthly Housing Cost
- $1,125/mo
Climate in Cold Bay
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 33 | 35 | 35 | 40 | 47 | 52 | 56 | 57 | 53 | 47 | 40 | 36 |
| Avg °F | 28 | 30 | 30 | 35 | 41 | 47 | 52 | 53 | 48 | 41 | 35 | 31 |
| Low °F | 24 | 26 | 24 | 30 | 36 | 42 | 47 | 48 | 43 | 36 | 31 | 26 |
| Rain" | 3.4 | 3.2 | 3.0 | 2.7 | 2.6 | 2.7 | 2.5 | 3.7 | 4.5 | 4.9 | 5.0 | 4.4 |