Gateway, AK Cost Of Living
Cost Of Living In Gateway, AK Summary
Cost of living in Gateway 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 Gateway 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 Gateway is 127, with 100 being the average.
The cost of living index in Gateway is 1.3x higher than the national average.
Gateway ranks as the #12 cheapest in Alaska out of 22.
Gateway ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Gateway is $335,000.
The median income in Gateway is $110,610.
Table Of Contents
Gateway's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Gateway, AK?
According to the most recent data on the cost of living, Gateway has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Alaska, Gateway has a cost of living index that's 1.0x higher than Alaska's index of 125.
The standard of living in Gateway ranks as #12 most affordable out of the 22 places we measured in Alaska. By definition, that implies Gateway ranks as the #10 most expensive place in the Last Frontier.
For more reading on life in Gateway, check out:
- Living In Gateway
- Search Homes For Sale In Gateway, AK
In Alaska
In America
Gateway Cost Of Living Vs. Alaska
Six factors go into calculating the cost of living index in Gateway. Here is how it fairs on each of the criteria:
The Services index in Gateway is 117.
The Groceries index in Gateway is 128.
The Health index in Gateway is 149.
The Housing index in Gateway is 138.
The Transportation index in Gateway is 113.
The Utilities index in Gateway is 126.
| Living Expense | Gateway | Alaska | National Average | |
|---|---|---|---|---|
| Overall | 127 | 125 | 100 | |
| Services | 117 | 119 | 100 | |
| Groceries | 128 | 129 | 100 | |
| Health | 149 | 152 | 100 | |
| Housing | 138 | 119 | 100 | |
| Transportation | 113 | 119 | 100 | |
| Utilities | 126 | 147 | 100 | |
Gateway, 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 Gateway is $335,000.
The Median Rent in Gateway is $1,242.
The Median Income in Gateway is $110,610.
The Home Value To Income in Gateway is 3.0x.
The Rent To Monthly Income in Gateway is 0.13x.
| Statistic | Gateway | Alaska | United States |
|---|---|---|---|
| Median Home Value | $335,000 | $282,800 | $244,900 |
| Median Rent | $1,242 | $1,279 | $1,163 |
| Median Income | $110,610 | $80,287 | $69,021 |
| Home Value To Income | 3.0x | 3.5x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Gateway, AK Costs By Category
Detailed Gateway Services Costs Vs. Alaska
Detailed Gateway Groceries Costs Vs. Alaska
Detailed Gateway Health Costs Vs. Alaska
Detailed Gateway Transportation Costs Vs. Alaska
Detailed Gateway Utilities Costs Vs. Alaska
Gateway SnackAbility
/10
Cost Of Living In Cities Around Gateway
The cost of living varies in the cities and towns around Gateway. Here's a quick look at the cost of living in the most populous nearby places:
Knik-Fairview, AK has a cost of living index of 124, 1.0x Gateway.
Tanaina, AK has a cost of living index of 123, 1.0x Gateway.
Wasilla, AK has a cost of living index of 121, 1.0x Gateway.
| City | Population | Cost Of Living | Vs. Gateway |
|---|---|---|---|
| Knik-Fairview, AK | 18,282 | 124 | 1.0x |
| Tanaina, AK | 10,314 | 123 | 1.0x |
| Wasilla, AK | 9,098 | 121 | 1.0x |
| Meadow Lakes, AK | 8,367 | 120 | 0.9x |
| Palmer, AK | 5,978 | 118 | 0.9x |
