Kodiak 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.
IndexKodiakAlaskaNational
Cost of living index127130100
IndexKodiakAlaskaNational
Goods & Services index114119100
Groceries index154137100
Health care index141146100
Housing index118135100
Transportation index145129100
Utilities index139142100
The above illustration supplies generalized information for the Kodiak, AK cost of living index. Compared to other cities in Alaska and cities across the country, the cost of living index in Kodiak, AK is 127, which is 3% lower than the Alaska average and 27% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Kodiak, AK are 4% lower than the average for Alaska and 14% higher than the rest of the country.

Did you know?

  • The cost of living in Kodiak is 3% lower than the Alaska average.
  • The cost of living in Kodiak is 27% higher than the national average.
  • The cost of housing in Kodiak is 18% 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.

Find Real Estate Listings In Kodiak

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Kodiak

Compare Kodiak, 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
Use the salary calculator to compare your current salary in Kodiak, AK to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Kodiak, AK, then you would need to earn more income in order to maintain the same standard of living. To use the Kodiak, AK salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,250$7,604$2,129$2,738
Renters$32,925$2,744$768$988
The affordability of the housing market in Kodiak, AK as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Kodiak, AK homeowners, the median income is $91,250. This indicates that a monthly maximum of $2,129 should be spent by homeowners on all housing related costs. Renters have a median income of $32,925. This indicates that renters should have a maximum of $768 used for their rent related monthly costs.

Alaska Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alaska0%7%

Alaska Income Tax

StateIncome Tax (Low)Income Tax (High)
Alaska0%0%
One thing to keep in mind when considering the cost of living in Kodiak, AK is the Alaska sales tax and Alaska income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Alaska sales tax rate is 0% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Alaska income tax rates range from 0% to 0%.

Goods & Services

ItemKodiakNational avg.Difference
Haircut $27.54$15.5677.0%
Beauty Salon $47.15$36.1130.6%
Toothpaste $3.91$2.4758.3%
Shampoo $0.84$0.9613.0%
Movie $9.00$10.1311.1%
Bowling $4.00$4.7415.5%

Groceries

ItemKodiakNational avg.Difference
Ground Beef $5.49$3.9837.8%
Fried Chicken $1.16$1.4117.8%
Milk $3.02$2.0646.3%
Potatoes $5.75$2.9892.9%
Pizza $11.17$9.4717.9%
Beer $10.79$8.7922.7%

Health Care

ItemKodiakNational avg.Difference
Optometrist $205.67$101.04103.5%
Doctor $177.55$107.4465.3%
Dentist $126.58$90.4240.0%
Ibuprofen $10.92$9.2817.6%
Lipitor $444.34$426.504.2%

Housing

ItemKodiakNational avg.Difference
Home Price $221,200.00$175,700.0025.9%
Avg. Mortgage Payment $1,629.60$1,133.2343.8%
Apartment Rent $909.00$920.001.2%

Transportation

ItemKodiakNational avg.Difference
Gasoline $2.91$1.9946.0%
Tire Balancing $65.07$45.7642.2%

Utilities

ItemKodiakNational avg.Difference
All Electricity$288.04$163.8175.8%
Phone $25.94$28.398.6%
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.
Chiniak, AK1413131%
Ouzinkie, AK27511111%
Kodiak Station, AK1,39713030%
Womens Bay, AK85413737%
Kodiak, AK6,28012727%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wheelersburg, OH6,28390-10%
Princeton, KY6,27479-21%
Douglas, WY6,27295-5%
Orchard Mesa, CO6,27298-2%
South Valley Stream, NY6,29316060%
Kodiak, AK6,28012727%
Source: The Kodiak, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.