Cost of Living in Teller, AK

With a cost of living index of 72, Teller, 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. Teller is a small community of 309 residents.

Housing costs are the biggest factor in Teller's cost of living. The median monthly rent is $1,008 (24% below the US median of $1,319), and the median home value sits at $56,700 (81% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in Teller is $42,500, which is 43% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Teller. The area sees an average annual temperature of 28°F, with summers averaging 50°F and winters around 8°F. Annual rainfall totals 17.2 inches spread over roughly 131 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.