Cost of Living in Cordova, AK

With a cost of living index of 109, Cordova, AK is somewhat more expensive than average. Living here is 9% more expensive than the national average and 19% above the Alaska state average of 90. Cordova is a small community of 2,405 residents.

Housing costs are the biggest factor in Cordova's cost of living. The median monthly rent is $1,359 (3% above the US median of $1,319), and the median home value sits at $384,500 (26% above the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Cordova is $88,538, which is 18% higher than the national median of $75,149. Residents spend roughly 18% 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 Cordova. The area sees an average annual temperature of 39.9°F, with summers averaging 53°F and winters around 28°F. Annual rainfall totals 86.2 inches spread over roughly 218 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.