Cost of Living in Wrangell city and, AK

With a cost of living index of 92, Wrangell city and, AK is slightly more affordable than average. Living here is 8% cheaper than the national average and in line with the Alaska state average. Wrangell city and is a small community of 2,106 residents.

Housing costs are the biggest factor in Wrangell city and's cost of living. The median monthly rent is $1,047 (21% below the US median of $1,319), and the median home value sits at $289,700 (5% below the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Wrangell city and is $64,545, which is 14% lower than the national median of $75,149. Residents spend roughly 19% 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 Wrangell city and. The area sees an average annual temperature of 43°F, with summers averaging 55°F and winters around 32°F. Annual rainfall totals 110.2 inches spread over roughly 229 days.

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.