Cost of Living in Naknek, AK

With a cost of living index of 101, Naknek, 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. Naknek is a small community of 458 residents.

Housing costs are the biggest factor in Naknek's cost of living. The median monthly rent is $1,361 (3% above the US median of $1,319), and the median home value sits at $279,700 (8% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Naknek is $91,875, which is 22% higher than the national median of $75,149. Residents spend roughly 18% 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 Naknek. 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.