Cost of Living in Tok, AK
Population: 1,490 | Alaska
Tok is 25% less expensive than the national average.
Cost of Living in Tok, AK: What You Need to Know
With a cost of living index of 75, Tok, AK is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 15% below the Alaska state average of 90. Tok is a small community of 1,490 residents.
Housing costs are the biggest factor in Tok's cost of living. The median monthly rent is $648 (51% below the US median of $1,319), and the median home value sits at $223,700 (27% below the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.
The median household income in Tok is $44,405, which is 41% lower than the national median of $75,149. Residents spend roughly 18% 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 Tok. The area sees an average annual temperature of 24.7°F, with summers averaging 57°F and winters around -9°F. Annual rainfall totals 11.3 inches spread over roughly 94 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.
Income
- Median Household Income
- $44,405
- vs US Median ($75,149)
- -41%
Housing
- Median Rent
- $648/mo
- Median Home Value
- $223,700
- Median Monthly Housing Cost
- $499/mo
Climate in Tok
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | -5 | 8 | 25 | 45 | 61 | 70 | 72 | 67 | 55 | 32 | 8 | -2 |
| Avg °F | -13 | -4 | 8 | 31 | 47 | 57 | 60 | 55 | 43 | 23 | -1 | -11 |
| Low °F | -22 | -16 | -8 | 17 | 34 | 45 | 48 | 44 | 32 | 14 | -9 | -19 |
| Rain" | 0.3 | 0.2 | 0.2 | 0.2 | 1.0 | 2.3 | 2.9 | 1.8 | 1.1 | 0.5 | 0.5 | 0.3 |