Cost of Living in Saxman, AK

With a cost of living index of 91, Saxman, AK is slightly more affordable than average. Living here is 9% cheaper than the national average and in line with the Alaska state average. Saxman is a small community of 354 residents.

Housing costs are the biggest factor in Saxman's cost of living. The median monthly rent is $1,023 (22% below the US median of $1,319), and the median home value sits at $284,400 (7% below the national median of $304,900). At current prices, the median home costs roughly 5.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Saxman is $49,808, which is 34% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Saxman. The area sees an average annual temperature of 46°F, with summers averaging 58°F and winters around 36°F. Annual rainfall totals 149.5 inches spread over roughly 233 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.