Cost of Living in Soldotna, AK

With a cost of living index of 93, Soldotna, AK is slightly more affordable than average. Living here is 7% cheaper than the national average and 3% above the Alaska state average of 90. Soldotna is a small community of 4,448 residents.

Housing costs are the biggest factor in Soldotna's cost of living. The median monthly rent is $1,104 (16% below the US median of $1,319), and the median home value sits at $277,300 (9% below the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Soldotna is $62,984, which is 16% lower than the national median of $75,149. Residents spend roughly 21% 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 Soldotna. 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.