Chena Ridge cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexChena RidgeAlaskaNational
Cost of living index141133100
IndexChena RidgeAlaskaNational
Goods & Services index124119100
Groceries index123128100
Health care index148143100
Housing index135135100
Transportation index138146100
Utilities index245159100
An overview of the general cost of living index for Chena Ridge, AK is displayed above for your reference. Residents in Chena Ridge, AK enjoy a cost of living index of 141. This index is 7% higher than the Alaska average, and 41% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Chena Ridge, AK, the average cost of goods and services is 4% higher than it is in Alaska, and it is 24% higher than the national average.

Did you know?

  • The cost of living in Chena Ridge is 7% higher than the Alaska average.
  • The cost of living in Chena Ridge is 41% higher than the national average.
  • The cost of housing in Chena Ridge is 35% higher than the national average.
  • Alaska general sales tax is 100% lower than the national average.
  • Alaska state income tax is 100% lower than the national average.

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Compare Chena Ridge, AK Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Chena Ridge, AK to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Chena Ridge, AK, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Chena Ridge, AK salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Chena Ridge, AK as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Chena Ridge, AK homeowners, is $96,679. This would allow for a maximum of $2,256 per month to be spent on housing costs. For renters, the median monthly income is $50,179 which would result in a maximum of $1,171 to be spent on rental costs.

Alaska Sales Tax

StateGeneral Sales TaxWith Max Surtax

Alaska Income Tax

StateIncome Tax (Low)Income Tax (High)
The Alaska sales tax and Alaska income tax rates should definitely be considered when determining the overall cost of living in Chena Ridge, AK. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Alaska sales tax is 0% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Alaska income tax rates range from 0% to 0%.

Goods & Services

ItemChena RidgeNational avg.Difference
Haircut $13.32$14.598.7%
Beauty Salon $44.40$34.6828.0%
Toothpaste $2.93$2.4718.5%
Shampoo $1.25$1.0222.3%
Movie $12.00$9.8721.6%
Bowling $5.00$4.3913.9%


ItemChena RidgeNational avg.Difference
Ground Beef $5.71$4.4827.5%
Fried Chicken $1.61$1.4610.0%
Milk $2.37$2.360.6%
Potatoes $4.29$3.0640.1%
Pizza $12.99$9.2440.5%
Beer $10.32$8.6319.5%

Health Care

ItemChena RidgeNational avg.Difference
Optometrist $230.00$99.78130.5%
Doctor $173.50$105.0365.2%
Dentist $143.72$88.7062.0%
Ibuprofen $8.98$9.414.6%
Lipitor $308.87$298.503.5%


ItemChena RidgeNational avg.Difference
Home Price $269,800.00$175,700.0053.6%
Avg. Mortgage Payment $1,310.09$1,081.0321.2%
Apartment Rent $835.00$920.009.2%


ItemChena RidgeNational avg.Difference
Gasoline $3.10$2.0948.2%
Tire Balancing $49.53$45.299.4%


ItemChena RidgeNational avg.Difference
All Electricity$591.16$170.80246.1%
Phone $29.63$28.264.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
South Van Horn, AK54711515%
Fox, AK51011818%
Goldstream, AK3,91013232%
Ester, AK2,65313232%
Fairbanks, AK32,10013737%
Chena Ridge, AK5,67114141%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Spencer, MA5,67011515%
Heathcote, NJ5,66813434%
Marlow Heights, MD5,66711111%
South Tucson, AZ5,67583-17%
Melissa, TX5,67511010%
Chena Ridge, AK5,67114141%
Source: The Chena Ridge, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.