Cost of Living in Wales, AK
Population: 286 | Alaska
Wales is 15% less expensive than the national average.
Cost of Living in Wales, AK: What You Need to Know
With a cost of living index of 85, Wales, AK is a very affordable place to live. Living here is 15% cheaper than the national average and 5% below the Alaska state average of 90. Wales is a small community of 286 residents.
The median household income in Wales is $38,125, which is 49% lower than the national median of $75,149. 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 Wales. 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.
Income
- Median Household Income
- $38,125
- vs US Median ($75,149)
- -49%
Housing
- Median Home Value
- $96,900
- Median Monthly Housing Cost
- $431/mo
Climate in Wales
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 13 | 17 | 18 | 29 | 44 | 55 | 58 | 56 | 49 | 36 | 24 | 16 |
| Avg °F | 6 | 9 | 10 | 23 | 37 | 48 | 52 | 50 | 43 | 30 | 18 | 9 |
| Low °F | -2 | 1 | 2 | 16 | 31 | 42 | 46 | 44 | 37 | 25 | 12 | 2 |
| Rain" | 0.9 | 1.0 | 0.7 | 0.7 | 0.9 | 1.0 | 2.4 | 3.2 | 2.2 | 1.8 | 1.3 | 1.1 |