Cost of Living in Galena, AK
Population: 565 | Alaska
Galena is 18% less expensive than the national average.
Cost of Living in Galena, AK: What You Need to Know
With a cost of living index of 82, Galena, AK is a very affordable place to live. Living here is 18% cheaper than the national average and 8% below the Alaska state average of 90. Galena is a small community of 565 residents.
Housing costs are the biggest factor in Galena's cost of living. The median monthly rent is $1,250 (5% below the US median of $1,319), and the median home value sits at $96,300 (68% below the national median of $304,900). At current prices, the median home costs roughly 1.1x the median household income — well within traditional affordability guidelines.
The median household income in Galena is $86,250, which is 15% higher than the national median of $75,149. Residents spend roughly 17% 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 Galena. The area sees an average annual temperature of 27.9°F, with summers averaging 57°F and winters around 0°F. Annual rainfall totals 21.5 inches spread over roughly 125 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.
Income
- Median Household Income
- $86,250
- vs US Median ($75,149)
- +15%
Housing
- Median Rent
- $1,250/mo
- Median Home Value
- $96,300
- Median Monthly Housing Cost
- $732/mo
Climate in Galena
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 4 | 14 | 21 | 38 | 56 | 69 | 69 | 64 | 53 | 35 | 17 | 8 |
| Avg °F | -4 | 4 | 10 | 28 | 45 | 57 | 59 | 54 | 45 | 28 | 9 | 0 |
| Low °F | -12 | -6 | -2 | 17 | 34 | 46 | 49 | 45 | 36 | 21 | 2 | -8 |
| Rain" | 1.0 | 1.3 | 1.5 | 1.4 | 1.0 | 1.7 | 2.2 | 3.4 | 3.2 | 2.8 | 1.4 | 0.7 |