Meadow Lakes 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.
IndexMeadow LakesAlaskaNational
Cost of living index119133100
IndexMeadow LakesAlaskaNational
Goods & Services index121119100
Groceries index123128100
Health care index138143100
Housing index114135100
Transportation index124146100
Utilities index109159100
A general summary of the cost of living index in Meadow Lakes, AK is shown above. Compared to the state average of Alaska the cost of living index in Meadow Lakes, AK is 119, which is 10% lower than the average in Alaska and compared to the national average it is 19% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Meadow Lakes, AK goods and services come in at 2% higher than the average in Alaska and are 21% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Meadow Lakes is 10% lower than the Alaska average.
  • The cost of living in Meadow Lakes is 19% higher than the national average.
  • The cost of housing in Meadow Lakes is 14% 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 Meadow Lakes, AK Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Meadow Lakes, AK would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Meadow Lakes, AK, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Meadow Lakes, AK salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$71,806$5,984$1,675$2,154
Renters$35,139$2,928$820$1,054
The affordability of the housing market in Meadow Lakes, 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 Meadow Lakes, AK homeowners, the median income is $71,806. This indicates that a monthly maximum of $1,675 should be spent by homeowners on all housing related costs. Renters have a median income of $35,139. This indicates that renters should have a maximum of $820 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%
For those who live in Meadow Lakes, AK and want to know what the true cost of living is, they ought to look at both the Alaska income tax rate and the Alaska sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Alaska, the sales tax is 0%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Alaska, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemMeadow LakesNational avg.Difference
Haircut $19.20$14.5931.6%
Beauty Salon $51.20$34.6847.6%
Toothpaste $2.93$2.4718.5%
Shampoo $1.25$1.0222.3%
Movie $10.83$9.879.7%
Bowling $4.56$4.393.8%

Groceries

ItemMeadow LakesNational avg.Difference
Ground Beef $5.27$4.4817.7%
Fried Chicken $1.49$1.461.8%
Milk $2.37$2.360.6%
Potatoes $4.59$3.0649.9%
Pizza $10.00$9.248.2%
Beer $9.75$8.6312.9%

Health Care

ItemMeadow LakesNational avg.Difference
Optometrist $182.40$99.7882.8%
Doctor $169.40$105.0361.3%
Dentist $127.80$88.7044.1%
Ibuprofen $9.20$9.412.3%
Lipitor $310.51$298.504.0%

Housing

ItemMeadow LakesNational avg.Difference
Home Price $208,700.00$175,700.0018.8%
Avg. Mortgage Payment $1,842.82$1,081.0370.5%
Apartment Rent $954.00$920.003.7%

Transportation

ItemMeadow LakesNational avg.Difference
Gasoline $2.79$2.0933.3%
Tire Balancing $44.30$45.292.2%

Utilities

ItemMeadow LakesNational avg.Difference
All Electricity$203.76$170.8019.3%
Phone $27.01$28.264.4%
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.
Houston, AK2,05811313%
Willow, AK1,94411515%
Palmer, AK6,25011616%
Big Lake, AK3,95911919%
Wasilla, AK8,40612121%
Meadow Lakes, AK7,13911919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Blandon, PA7,13911414%
Whitemarsh Island, GA7,13911616%
Greenville CDP (Westchester County), NY7,13819898%
Pinson, AL7,14193-7%
Ewa Villages, HI7,14116161%
Meadow Lakes, AK7,13911919%
Source: The Meadow Lakes, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.