Cost of Living in Deering, AK

With a cost of living index of 64, Deering, AK is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 26% below the Alaska state average of 90. Deering is a small community of 205 residents.

Housing costs are the biggest factor in Deering's cost of living. The median monthly rent is $625 (53% below the US median of $1,319), and the median home value sits at $106,300 (65% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Deering is $55,625, which is 26% lower than the national median of $75,149. Residents spend roughly 13% 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 Deering. The area sees an average annual temperature of 24°F, with summers averaging 52°F and winters around 1°F. Annual rainfall totals 11.4 inches spread over roughly 113 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.