Cost of Living in Goodnews Bay, AK
Population: 113 | Alaska
Goodnews Bay is 13% less expensive than the national average.
Cost of Living in Goodnews Bay, AK: What You Need to Know
With a cost of living index of 87, Goodnews Bay, AK is a very affordable place to live. Living here is 13% cheaper than the national average and 3% below the Alaska state average of 90. Goodnews Bay is a small community of 113 residents.
The median household income in Goodnews Bay is $29,167, which is 61% lower than the national median of $75,149. 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 Goodnews Bay. The area sees an average annual temperature of 31.4°F, with summers averaging 55°F and winters around 10°F. Annual rainfall totals 19.7 inches spread over roughly 151 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
- $29,167
- vs US Median ($75,149)
- -61%
Housing
- Median Home Value
- $125,000
- Median Monthly Housing Cost
- $272/mo
Climate in Goodnews Bay
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 13 | 20 | 22 | 37 | 52 | 62 | 64 | 61 | 53 | 38 | 24 | 16 |
| Avg °F | 7 | 13 | 15 | 29 | 43 | 53 | 56 | 54 | 46 | 32 | 19 | 10 |
| Low °F | 1 | 7 | 7 | 21 | 34 | 45 | 49 | 47 | 39 | 26 | 13 | 4 |
| Rain" | 0.8 | 0.9 | 0.7 | 0.8 | 1.2 | 1.8 | 2.6 | 3.4 | 2.9 | 1.8 | 1.8 | 1.1 |