Cost of Living in Hoonah, AK

With a cost of living index of 97, Hoonah, AK is slightly more affordable than average. Living here is 3% cheaper than the national average and 7% above the Alaska state average of 90. Hoonah is a small community of 894 residents.

Housing costs are the biggest factor in Hoonah's cost of living. The median monthly rent is $1,078 (18% below the US median of $1,319), and the median home value sits at $340,800 (12% above the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Hoonah is $81,406, which is 8% higher than the national median of $75,149. Residents spend roughly 16% 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 Hoonah. The area sees an average annual temperature of 40.1°F, with summers averaging 54°F and winters around 28°F. Annual rainfall totals 62.3 inches spread over roughly 227 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.