Cost of Living in Klawock, AK

With a cost of living index of 86, Klawock, AK is a very affordable place to live. Living here is 14% cheaper than the national average and 4% below the Alaska state average of 90. Klawock is a small community of 744 residents.

Housing costs are the biggest factor in Klawock's cost of living. The median monthly rent is $957 (27% below the US median of $1,319), and the median home value sits at $249,000 (18% below the national median of $304,900). At current prices, the median home costs roughly 5.1x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Klawock is $49,063, which is 35% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Klawock. The area sees an average annual temperature of 45.2°F, with summers averaging 56°F and winters around 36°F. Annual rainfall totals 89.2 inches spread over roughly 244 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.