Meadow Lakes, AK Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Meadow Lakes, AK Summary

Cost of living in Meadow Lakes 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 Meadow Lakes 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 Meadow Lakes is 120, with 100 being the average.

  • The cost of living index in Meadow Lakes is 1.2x higher than the national average.

  • Meadow Lakes ranks as the #3 cheapest in Alaska out of 22.

  • Meadow Lakes ranks as the #4,798 cheapest out of 6,412 in the US.

  • The median home value in Meadow Lakes is $241,000.

  • The median income in Meadow Lakes is $75,673.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
120
Meadow Lakes's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Meadow Lakes, AK?

According to the most recent data on the cost of living, Meadow Lakes has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.

Compared to Alaska, Meadow Lakes has a cost of living index that's 1.0x lower than Alaska's index of 125.

The standard of living in Meadow Lakes ranks as #3 most affordable out of the 22 places we measured in Alaska. By definition, that implies Meadow Lakes ranks as the #19 most expensive place in the Last Frontier.

For more reading on life in Meadow Lakes, check out:

3 out of 22
In Alaska
4,798 out of 6,412
In America

Meadow Lakes Cost Of Living Vs. Alaska

Six factors go into calculating the cost of living index in Meadow Lakes. Here is how it fairs on each of the criteria:

  • The Services index in Meadow Lakes is 113.

  • The Groceries index in Meadow Lakes is 129.

  • The Health index in Meadow Lakes is 148.

  • The Housing index in Meadow Lakes is 115.

  • The Transportation index in Meadow Lakes is 112.

  • The Utilities index in Meadow Lakes is 128.

Living Expense Meadow Lakes Alaska National Average
Overall 120 125 100
Services 113 119 100
Groceries 129 129 100
Health 148 152 100
Housing 115 119 100
Transportation 112 119 100
Utilities 128 147 100
For more reading on cost of living around Alaska, check out:
Meadow Lakes Cost of Living Vs. AK

Meadow Lakes, 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 Meadow Lakes is $241,000.

  • The Median Rent in Meadow Lakes is $1,126.

  • The Median Income in Meadow Lakes is $75,673.

  • The Home Value To Income in Meadow Lakes is 3.2x.

  • The Rent To Monthly Income in Meadow Lakes is 0.18x.

Statistic Meadow Lakes Alaska United States
Median Home Value $241,000 $282,800 $244,900
Median Rent $1,126 $1,279 $1,163
Median Income $75,673 $80,287 $69,021
Home Value To Income 3.2x 3.5x 3.5x
Rent To Monthly Income 0.18x 0.19x 0.2x
Search Homes For Sale In Meadow Lakes, AK
$241,000
Median Home Value
$1,126
Median Rent
$75,673
Median Income

Meadow Lakes, AK Costs By Category

Detailed Meadow Lakes Services Costs Vs. Alaska

Item Meadow Lakes Alaska
Shampoo $1.05 $1.06
Movie $12.27 $10.68
Bowling $17.03 $14.67
Haircut $23.5 $18.62
Beauty Salon $54.87 $39.05

Detailed Meadow Lakes Groceries Costs Vs. Alaska

Item Meadow Lakes Alaska
Ground Beef $5.43 $4.22
Fried Chicken $1.71 $1.39
Milk $2.73 $2.05
Potatoes $4.46 $3.29
Pizza $11.8 $10.62
Beer $10.49 $9.38
Toothpaste $3.15 $2.34

Detailed Meadow Lakes Health Costs Vs. Alaska

Item Meadow Lakes Alaska
Optometrist $219.89 $108.57
Doctor $206.08 $116.17
Dentist $147.12 $99.13

Detailed Meadow Lakes Transportation Costs Vs. Alaska

Item Meadow Lakes Alaska
Gasoline $2.59 $2.22
Tire Balancing $48.67 $50.07

Detailed Meadow Lakes Utilities Costs Vs. Alaska

Item Meadow Lakes Alaska
All Electricity $247.3 $167.67
Phone $184.26 $175.64

Meadow Lakes SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
7
Diversity
8
Safety
N/A
Amenities
6
Education
8
Commute
3

Cost Of Living In Cities Around Meadow Lakes

The cost of living varies in the cities and towns around Meadow Lakes. 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 Meadow Lakes.

  • Tanaina, AK has a cost of living index of 123, 1.0x Meadow Lakes.

  • Wasilla, AK has a cost of living index of 121, 1.0x Meadow Lakes.

City Population Cost Of Living Vs. Meadow Lakes
Knik-Fairview, AK 18,282 124 1.0x
Tanaina, AK 10,314 123 1.0x
Wasilla, AK 9,098 121 1.0x
Gateway, AK 6,305 127 1.1x
Palmer, AK 5,978 118 1.0x

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