Cost of Living in Kachemak, AK

With a cost of living index of 104, Kachemak, AK is somewhat more expensive than average. Living here is 4% more expensive than the national average and 14% above the Alaska state average of 90. Kachemak is a small community of 835 residents.

Housing costs are the biggest factor in Kachemak's cost of living. The median monthly rent is $1,120 (15% below the US median of $1,319), and the median home value sits at $404,300 (33% above the national median of $304,900). At current prices, the median home costs roughly 5.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Kachemak is $71,125, which is 5% lower than the national median of $75,149. Residents spend roughly 19% 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 Kachemak. The area sees an average annual temperature of 40°F, with summers averaging 54°F and winters around 27°F. Annual rainfall totals 23.9 inches spread over roughly 156 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.