Cost of Living in King Salmon, AK

With a cost of living index of 101, King Salmon, AK is right around the national average in cost. Living here is 1% more expensive than the national average and 11% above the Alaska state average of 90. King Salmon is a small community of 354 residents.

Housing costs are the biggest factor in King Salmon's cost of living. The median monthly rent is $1,325 (0% below the US median of $1,319), and the median home value sits at $292,500 (4% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in King Salmon is $132,500, which is 76% higher than the national median of $75,149. Residents spend roughly 12% 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 Salmon. The area sees an average annual temperature of 36.5°F, with summers averaging 55°F and winters around 19°F. Annual rainfall totals 21.4 inches spread over roughly 159 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.