Most Affordable Cities in Alaska

Cost of living rankings for 24 cities in Alaska. On average, Alaska is near the national average with a statewide average Cost Index of 103.

Data Updated: March 2026

Cheapest City

Kenai

Index: 89

Most Expensive

Anchorage

Index: 119

State Average

103

National: 100

Cities Ranked

with complete data

All 24 Cities in Alaska — By Affordability

#	City	Index	Home Value	Rent	Income
1	Kenai	89	$249,400	$1,134	$74,907
2	College	95	$279,100	$1,405	$76,831
3	Tanaina	97	$298,500	$1,393	$95,587
4	Steele Creek	97	$331,200	$980	$117,260
5	Kalifornsky	98	$306,200	$1,371	$91,081
6	Palmer	98	$275,900	$1,134	$70,550
7	Fairbanks	100	$255,700	$1,470	$72,077
8	Badger	100	$291,600	$1,672	$98,042
9	Sterling	100	$346,100	$1,095	$110,341
10	Kodiak	100	$314,800	$1,430	$71,373
11	Ketchikan	101	$340,300	$1,319	$76,835
12	Knik-Fairview	102	$311,800	$1,615	$95,000
13	North Lakes	103	$338,900	$1,459	$102,785
14	Wasilla	103	$325,000	$1,104	$70,756
15	Meadow Lakes	103	$305,100	$1,308	$81,250
16	South Lakes	103	$367,700	$1,191	$89,632
17	Homer	103	$363,700	$1,230	$73,723
18	Bethel	107	$354,400	$1,657	$109,718
19	Chena Ridge	108	$411,600	$1,148	$140,722
20	Fishhook	109	$361,900	$1,784	$101,518
21	Juneau city and	114	$432,500	$1,462	$100,513
22	Sitka city and	114	$442,100	$1,350	$101,207
23	Gateway	116	$436,200	$1,612	$137,150
24	Anchorage	119	$405,601	$1,660	$98,152