A wise sage once said:
“She works hard for the money…”
And these places in Alaska definitely treat her right.
You see, these are the places in Alaska where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Last Frontier, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 14 largest places in Alaska, we were left with this set of the best value for your money.
- Hooper Bay (Photos | Homes For Sale)
- Kenai (Photos | Homes For Sale)
- Houston (Homes For Sale)
- Cordova (Photos | Homes For Sale)
- Homer (Photos | Homes For Sale)
- Anchorage (Photos | Homes For Sale)
- Kodiak (Photos | Homes For Sale)
- Craig (Photos | Homes For Sale)
- Bethel (Photos | Homes For Sale)
- Dillingham (Photos | Homes For Sale)
So listen up Fairbanks (the most expensive place in Alaska) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Alaska and the cheapest places in the country:
How We Determined The Cheapest Places To Live In The Last Frontier For 2018
There are basic necessities that you have to buy no matter where in the country you live. Those things include:
- Health Insurance
You can then compare the cost of these things in each of the places in Alaska to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States.
So we used that cost of living index in order to rank all of the 14 places in Alaska that have more than 5,000 people.
And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 90 means it’s 10% less expensive.
San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.
Kenai is a city in the Kenai Peninsula Borough in the U.S. state of Alaska. The population was 7,100 as of the 2010 census.
Cordova is a small town located near the mouth of the Copper River in the Valdez-Cordova Census Area, Alaska, United States, at the head of Orca Inlet on the east side of Prince William Sound. The population was 2,239 at the 2010 census. Cordova was named Puerto Cordova by Spanish explorer Salvador Fidalgo in 1790. No roads connect Cordova to other Alaskan towns, so a plane or ferry is required to travel there. In the Exxon Valdez oil spill of March 1989, an oil tanker ran aground northwest of Cordova, heavily damaging ecology and fishing.
Homer is a city located in Kenai Peninsula Borough in the U.S. state of Alaska. It is two hundred and eighteen miles southwest of Anchorage. According to the 2010 Census, the population is 5,003. Long known as The “Halibut Fishing Capital of the World.” Homer is also nicknamed “the end of the road,” and more recently, “the cosmic hamlet by the sea.”
Anchorage is a unified home rule municipality in the U.S. state of Alaska. With an estimated 298,192 residents in 2016, it is Alaska’s most populous city and contains more than 40 percent of the state’s total population; among the 50 states, only New York has a higher percentage of residents who live in its most populous city. All together, the Anchorage metropolitan area, which combines Anchorage with the neighboring Matanuska-Susitna Borough, had a population of 401,635 in 2016, which accounts for more than half of the state’s population.
Kodiak is one of seven communities and the main city on Kodiak Island, Kodiak Island Borough, in the U.S. state of Alaska. All commercial transportation between the entire island and the outside world goes through this city either via ferryboat or airline. The population was 6,130 as of the 2010 census. 2014 estimates put the population at 6,304.
Bethel is a city located near the west coast of the U.S. state of Alaska, approximately 400 miles west of Anchorage, in the Bethel Census Area. Accessible only by air and river, Bethel is the main port on the Kuskokwim River and is an administrative and transportation hub for the 56 villages in the Yukon-Kuskokwim Delta.
There You Have It Mr. Or Mrs. Alaska Cheapskate
If you’re looking at the cost of living numbers in Alaska, this is an accurate list of the cheapest places to call home.
Here’s a look at the most expensive cities in Alaska according to the data:
For more Alaska reading, check out: