Cost of Living in Kodiak, AK

With a cost of living index of 106, Kodiak, AK is somewhat more expensive than average. Living here is 6% more expensive than the national average and 16% above the Alaska state average of 90. Kodiak is a smaller community of 5,497 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Kodiak's cost of living. The median monthly rent is $1,430 (8% above the US median of $1,319), and the median home value sits at $314,800 (3% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Kodiak is $71,373, which is 5% lower than the national median of $75,149. Residents spend roughly 24% 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 Kodiak. The area sees an average annual temperature of 42.2°F, with summers averaging 55°F and winters around 32°F. Annual rainfall totals 78.3 inches spread over roughly 204 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.