Cost of Living in King Cove, AK

With a cost of living index of 73, King Cove, AK is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 17% below the Alaska state average of 90. King Cove is a small community of 1,204 residents.

Housing costs are the biggest factor in King Cove's cost of living. The median monthly rent is $909 (31% below the US median of $1,319), and the median home value sits at $110,900 (64% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in King Cove is $78,125, which is 4% higher than the national median of $75,149. Residents spend roughly 14% 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 King Cove. The area sees an average annual temperature of 39.3°F, with summers averaging 50°F and winters around 30°F. Annual rainfall totals 42.7 inches spread over roughly 250 days.

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.