Chena Ridge, AK Cost Of Living
Cost Of Living In Chena Ridge, AK Summary
Cost of living in Chena Ridge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chena Ridge is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alaska, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Chena Ridge is 134, with 100 being the average.
The cost of living index in Chena Ridge is 1.3x higher than the national average.
Chena Ridge ranks as the #21 cheapest in Alaska out of 22.
Chena Ridge ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Chena Ridge is $300,800.
The median income in Chena Ridge is $114,655.
Table Of Contents
Chena Ridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chena Ridge, AK?
According to the most recent data on the cost of living, Chena Ridge has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to Alaska, Chena Ridge has a cost of living index that's 1.1x higher than Alaska's index of 125.
The standard of living in Chena Ridge ranks as #21 most affordable out of the 22 places we measured in Alaska. By definition, that implies Chena Ridge ranks as the #1 most expensive place in the Last Frontier.
For more reading on life in Chena Ridge, check out:
- Living In Chena Ridge
- Search Homes For Sale In Chena Ridge, AK
In Alaska
In America
Chena Ridge Cost Of Living Vs. Alaska
Six factors go into calculating the cost of living index in Chena Ridge. Here is how it fairs on each of the criteria:
The Services index in Chena Ridge is 118.
The Groceries index in Chena Ridge is 122.
The Health index in Chena Ridge is 156.
The Housing index in Chena Ridge is 129.
The Transportation index in Chena Ridge is 121.
The Utilities index in Chena Ridge is 218.
| Living Expense | Chena Ridge | Alaska | National Average | |
|---|---|---|---|---|
| Overall | 134 | 125 | 100 | |
| Services | 118 | 119 | 100 | |
| Groceries | 122 | 129 | 100 | |
| Health | 156 | 152 | 100 | |
| Housing | 129 | 119 | 100 | |
| Transportation | 121 | 119 | 100 | |
| Utilities | 218 | 147 | 100 | |
Chena Ridge, AK Housing Cost Breakdown
Housing swings affordability the most between places in Alaska, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Chena Ridge is $300,800.
The Median Rent in Chena Ridge is $1,050.
The Median Income in Chena Ridge is $114,655.
The Home Value To Income in Chena Ridge is 2.6x.
The Rent To Monthly Income in Chena Ridge is 0.11x.
| Statistic | Chena Ridge | Alaska | United States |
|---|---|---|---|
| Median Home Value | $300,800 | $282,800 | $244,900 |
| Median Rent | $1,050 | $1,279 | $1,163 |
| Median Income | $114,655 | $80,287 | $69,021 |
| Home Value To Income | 2.6x | 3.5x | 3.5x |
| Rent To Monthly Income | 0.11x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Chena Ridge, AK Costs By Category
Detailed Chena Ridge Services Costs Vs. Alaska
| Item | Chena Ridge | Alaska |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $13.45 | $10.68 |
| Bowling | $15.03 | $14.67 |
| Haircut | $17.43 | $18.62 |
| Beauty Salon | $48.7 | $39.05 |
Detailed Chena Ridge Groceries Costs Vs. Alaska
| Item | Chena Ridge | Alaska |
|---|---|---|
| Ground Beef | $5.31 | $4.22 |
| Fried Chicken | $1.56 | $1.39 |
| Milk | $2.57 | $2.05 |
| Potatoes | $3.83 | $3.29 |
| Pizza | $11.99 | $10.62 |
| Beer | $9.95 | $9.38 |
| Toothpaste | $2.55 | $2.34 |
Detailed Chena Ridge Health Costs Vs. Alaska
| Item | Chena Ridge | Alaska |
|---|---|---|
| Optometrist | $250.97 | $108.57 |
| Doctor | $211.78 | $116.17 |
| Dentist | $153.1 | $99.13 |
Detailed Chena Ridge Transportation Costs Vs. Alaska
| Item | Chena Ridge | Alaska |
|---|---|---|
| Gasoline | $2.86 | $2.22 |
| Tire Balancing | $49.08 | $50.07 |
Detailed Chena Ridge Utilities Costs Vs. Alaska
| Item | Chena Ridge | Alaska |
|---|---|---|
| All Electricity | $516.42 | $167.67 |
| Phone | $181.24 | $175.64 |
Chena Ridge SnackAbility
/10
Cost Of Living In Cities Around Chena Ridge
The cost of living varies in the cities and towns around Chena Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Fairbanks, AK has a cost of living index of 132, 1.0x Chena Ridge.
Badger, AK has a cost of living index of 133, 1.0x Chena Ridge.
College, AK has a cost of living index of 133, 1.0x Chena Ridge.
| City | Population | Cost Of Living | Vs. Chena Ridge |
|---|---|---|---|
| Fairbanks, AK | 33,018 | 132 | 1.0x |
| Badger, AK | 19,226 | 133 | 1.0x |
| College, AK | 11,797 | 133 | 1.0x |
| Steele Creek, AK | 7,399 | 135 | 1.0x |
