Nome 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.
IndexNomeAlaskaNational
Cost of living index138133100
IndexNomeAlaskaNational
Goods & Services index124119100
Groceries index123128100
Health care index148143100
Housing index123135100
Transportation index138146100
Utilities index245159100
A general summary of the cost of living index in Nome, AK is shown above. Compared to the state average of Alaska the cost of living index in Nome, AK is 138, which is 4% higher than the average in Alaska and compared to the national average it is 38% 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 Nome, AK goods and services come in at 4% higher than the average in Alaska and are 24% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Nome is 4% higher than the Alaska average.
  • The cost of living in Nome is 38% higher than the national average.
  • The cost of housing in Nome is 23% 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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Salary Calculator

This is how much you would need to earn in
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Health care index
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The salary calculator is meant to help you compare your salary in Nome, AK to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Nome, AK, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Nome, AK salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$105,833$8,819$2,469$3,175
Renters$52,712$4,393$1,230$1,582
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Nome, AK, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Nome, AK homeowners have a median income of $105,833. Using that number, you will come up with a maximum of $2,469 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $52,712, which means there is a maximum of $1,230 to be spent on the costs of renting a home or apartment.

Alaska Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alaska0%7%

Alaska Income Tax

StateIncome Tax (Low)Income Tax (High)
Alaska0%0%
The Alaska sales tax and Alaska income tax rates should definitely be considered when determining the overall cost of living in Nome, 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

ItemNomeNational 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%

Groceries

ItemNomeNational 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

ItemNomeNational 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%

Housing

ItemNomeNational avg.Difference
Home Price $191,000.00$175,700.008.7%
Avg. Mortgage Payment $1,310.09$1,081.0321.2%
Apartment Rent $1,427.00$920.0055.1%

Transportation

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

Utilities

ItemNomeNational 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.
Nome, AK3,74513838%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rayville, LA3,74578-22%
Genesee, CO3,74516161%
Hudson, NC3,74495-5%
Lyons, KS3,74682-18%
Mineral Ridge, OH3,74479-21%
Nome, AK3,74513838%
Source: The Nome, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.