Cost of Living in Susitna North, AK

With a cost of living index of 83, Susitna North, 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. Susitna North is a small community of 1,506 residents.

Housing costs are the biggest factor in Susitna North's cost of living. The median monthly rent is $862 (35% below the US median of $1,319), and the median home value sits at $238,200 (22% below the national median of $304,900). At current prices, the median home costs roughly 5.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Susitna North is $42,614, which is 43% lower than the national median of $75,149. Residents spend roughly 24% 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 Susitna North. The area sees an average annual temperature of 35.9°F, with summers averaging 58°F and winters around 16°F. Annual rainfall totals 26.5 inches spread over roughly 140 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Anchorage, AK (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.