Cost of Living in Salamatof, AK

With a cost of living index of 83, Salamatof, AK is a very affordable place to live. Living here is 17% cheaper than the national average and 7% below the Alaska state average of 90. Salamatof is a small community of 1,201 residents.

Housing costs are the biggest factor in Salamatof's cost of living. The median monthly rent is $680 (48% below the US median of $1,319), and the median home value sits at $318,000 (4% above the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Salamatof is $73,750, which is 2% lower than the national median of $75,149. Residents spend roughly 11% 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 Salamatof. The area sees an average annual temperature of 35.6°F, with summers averaging 54°F and winters around 18°F. Annual rainfall totals 18.3 inches spread over roughly 122 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.