Cost of Living in Koyuk, AK

With a cost of living index of 73, Koyuk, 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. Koyuk is a small community of 306 residents.

Housing costs are the biggest factor in Koyuk's cost of living. The median monthly rent is $931 (29% below the US median of $1,319), and the median home value sits at $97,200 (68% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Koyuk is $34,250, which is 54% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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 Koyuk. The area sees an average annual temperature of 27.9°F, with summers averaging 57°F and winters around 0°F. Annual rainfall totals 21.5 inches spread over roughly 125 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.