Cost of Living in Kaktovik, AK
Population: 153 | Alaska
Kaktovik is 15% less expensive than the national average.
Cost of Living in Kaktovik, AK: What You Need to Know
With a cost of living index of 85, Kaktovik, 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. Kaktovik is a small community of 153 residents.
The median household income in Kaktovik is $88,750, which is 18% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Kaktovik. The area sees an average annual temperature of 13.3°F, with summers averaging 44°F and winters around -13°F. Annual rainfall totals 5.7 inches spread over roughly 0 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
- $88,750
- vs US Median ($75,149)
- +18%
Housing
- Median Home Value
- $102,100
- Median Monthly Housing Cost
- $957/mo
Climate in Kaktovik
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | -8 | -8 | -7 | 10 | 29 | 46 | 55 | 50 | 39 | 24 | 8 | -3 |
| Avg °F | -15 | -15 | -14 | 3 | 24 | 40 | 47 | 44 | 35 | 18 | 2 | -9 |
| Low °F | -22 | -22 | -21 | -5 | 19 | 34 | 40 | 37 | 30 | 13 | -5 | -16 |
| Rain" | 0.3 | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 | 1.0 | 1.4 | 0.6 | 0.4 | 0.3 | 0.4 |