Cost of Living in Noatak, AK

With a cost of living index of 75, Noatak, AK is a very affordable place to live. Living here is 25% cheaper than the national average and 15% below the Alaska state average of 90. Noatak is a small community of 700 residents.

Housing costs are the biggest factor in Noatak's cost of living. The median monthly rent is $850 (36% below the US median of $1,319), and the median home value sits at $156,300 (49% below the national median of $304,900). At current prices, the median home costs roughly 2x the median household income — well within traditional affordability guidelines.

The median household income in Noatak is $77,500, which is 3% higher than the national median of $75,149. Residents spend roughly 13% 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 Noatak. The area sees an average annual temperature of 22.7°F, with summers averaging 48°F and winters around 1°F. Annual rainfall totals 9.7 inches spread over roughly 85 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.