Most Affordable Cities in Alaska

Cost of living rankings for 24 cities in Alaska. On average, Alaska is affordable with a statewide average Cost Index of 84.

Data Updated: March 2026

Cheapest City

Kenai

Index: 65

Most Expensive

Gateway

Index: 104

State Average

National: 100

Cities Ranked

with complete data

All 24 Cities in Alaska — By Affordability

#	City	Index	Home Value	Rent	Income
1	Kenai	65	$249,400	$1,134	$74,907
2	Palmer	69	$275,900	$1,134	$70,550
3	Steele Creek	72	$331,200	$980	$117,260
4	Wasilla	74	$325,000	$1,104	$70,756
5	Fairbanks	75	$255,700	$1,470	$72,077
6	College	77	$279,100	$1,405	$76,831
7	Meadow Lakes	77	$305,100	$1,308	$81,250
8	Sterling	77	$346,100	$1,095	$110,341
9	Tanaina	79	$298,500	$1,393	$95,587
10	Kalifornsky	80	$306,200	$1,371	$91,081
11	Ketchikan	83	$340,300	$1,319	$76,835
12	South Lakes	83	$367,700	$1,191	$89,632
13	Homer	83	$363,700	$1,230	$73,723
14	Kodiak	83	$314,800	$1,430	$71,373
15	Badger	86	$291,600	$1,672	$98,042
16	North Lakes	86	$338,900	$1,459	$102,785
17	Knik-Fairview	87	$311,800	$1,615	$95,000
18	Chena Ridge	87	$411,600	$1,148	$140,722
19	Anchorage	91	$375,900	$1,453	$98,152
20	Bethel	94	$354,400	$1,657	$109,718
21	Sitka city and	97	$442,100	$1,350	$101,207
22	Juneau city and	99	$432,500	$1,462	$100,513
23	Fishhook	99	$361,900	$1,784	$101,518
24	Gateway	104	$436,200	$1,612	$137,150