Palmer, AK Cost Of Living

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Updated: 2020-03-08
Palmer's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Palmer is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Palmer, AK?

According to the most recent data on the cost of living, Palmer has an overall cost of living index of 112 which is 1.1x higher than the national index of 100.

Compared to only Alaska, Palmer has a cost of living index that's 0.9x lower than Alaska's index of 128.

The standard of living in Palmer ranks as #4292 most affordable out of the 6522 places we measured in Alaska. By definition, that implies Palmer ranks as the #2114 most expensive place in the Last Frontier.

For more reading on life in Palmer, check out:

Palmer Cost Of Living Vs. Alaska

Living Expense Palmer Alaska National Average
Overall 112 128 100
Services 106 112 100
Groceries 131 137 100
Health 142 147 100
Housing 103 135 100
Transportation 113 120 100
Utilities 125 147 100
For more reading on cost of living around Alaska, check out:
Palmer Cost of Living Vs. AK

Palmer, AK Housing Cost Breakdown

Housing swings affordability the most between places in Alaska, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Palmer Alaska United States
Median Home Value $204,300 $265,200 $204,900
Median Rent $951 $1,231 $1,023
Median Income $60,350 $76,715 $60,293
Home Value To Income 3.4x 3.5x 3.4x
Rent To Monthly Income 0.19x 0.19x 0.2x

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Cost Of Living In Cities Around Palmer

City Population Cost Of Living Vs. Palmer
Knik-Fairview, AK 17,513 121 1.1x
Tanaina, AK 10,520 119 1.1x
Lakes, AK 10,098 120 1.1x
Wasilla, AK 9,675 117 1.0x
Meadow Lakes, AK 7,656 116 1.0x
Gateway, AK 7,037 123 1.1x
Fishhook, AK 6,203 123 1.1x

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