Cost of Living in Seldovia, AK

With a cost of living index of 72, Seldovia, AK is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 18% below the Alaska state average of 90. Seldovia is a small community of 174 residents.

Housing costs are the biggest factor in Seldovia's cost of living. The median monthly rent is $625 (53% below the US median of $1,319), and the median home value sits at $195,000 (36% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Seldovia is $84,750, which is 13% higher than the national median of $75,149. Residents spend roughly 9% 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 Seldovia. The area sees an average annual temperature of 39.5°F, with summers averaging 54°F and winters around 27°F. Annual rainfall totals 40.4 inches spread over roughly 179 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.