Cost of Living in Gakona, AK

With a cost of living index of 85, Gakona, AK is a very affordable place to live. Living here is 15% cheaper than the national average and 5% below the Alaska state average of 90. Gakona is a small community of 200 residents.

Housing costs are the biggest factor in Gakona's cost of living. The median monthly rent is $710 (46% below the US median of $1,319), and the median home value sits at $322,700 (6% above the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Gakona is $90,313, which is 20% higher than the national median of $75,149. Residents spend roughly 9% 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 Gakona. The area sees an average annual temperature of 28.2°F, with summers averaging 55°F and winters around 1°F. Annual rainfall totals 11.8 inches spread over roughly 101 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.