Cost Of Living in Point Hope, AK

C

16%

Overall NAT. AVG.

20%

Goods & Services NAT. AVG.

31%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Point Hope	Alaska	National
Cost of living	116	129	100
Goods & Services	120	120	100
Groceries	124	124	100
Health care	153	148	100
Housing	69	135	100
Transportation	109	115	100
Utilities	222	158	100

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Cost Of Living Quick Facts

The cost of living in Point Hope is 10% lower than the Alaska average
The cost of living in Point Hope is 16% higher than the national average
Point Hope housing is 31% lower 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$65,938	$5,495	$1,538	$1,978
Renters	$37,500	$3,125	$875	$1,125

Alaska Sales Tax

State	General Sales Tax	With Max Surtax
Alaska	0%	7%

Alaska Income Tax

State	Income Tax (Low)	Income Tax (High)
Alaska	0%	0%

Goods & Services

Item	Point Hope	National avg.	Difference
Haircut	$32.06	$24.26	32.2%
Beauty Salon	$51.33	$45.56	12.6%
Toothpaste	$3.77	$3.70	1.7%
Shampoo	$1.35	$1.28	5.7%
Movie	$16.17	$12.13	33.2%
Bowling	$17.55	$18.00	2.5%

Groceries

Item	Point Hope	National avg.	Difference
Ground Beef	$6.57	$5.84	12.5%
Fried Chicken	$2.02	$1.57	28.4%
Milk	$5.16	$4.67	10.4%
Potatoes	$5.98	$4.93	21.2%
Pizza	$13.49	$12.09	11.6%
Beer	$13.88	$10.41	33.3%

Health Care

Item	Point Hope	National avg.	Difference
Optometrist	$274.44	$125.68	118.4%
Doctor	$243.27	$135.78	79.2%
Dentist	$169.02	$113.29	49.2%
Ibuprofen	$12.61	$10.65	18.4%
Lipitor	$536.87	$468.60	14.6%

Housing

Item	Point Hope	National avg.	Difference
Home Price	$96,400.00	$184,700.00	47.8%
Avg. Mortgage Payment	$2,423.46	$2,346.69	3.3%
Apartment Rent	$1,042.00	$949.00	9.8%

Transportation

Item	Point Hope	National avg.	Difference
Gasoline	$3.80	$3.46	9.8%
Tire Balancing	$64.35	$59.92	7.4%

Utilities

Item	Point Hope	National avg.	Difference
All Electricity	$579.35	$193.99	198.6%
Phone	$187.48	$192.25	2.5%

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	Population	Cost of Living Index	National Avg.
Point Hope, AK	660	116	15.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
St. Mary's, AK	660	97	3.3%
Perdido, AL	660	90	10.0%
Indianola, CA	660	129	29.3%
Lake Hughes, CA	660	137	36.8%
Fleming, CO	660	88	12.2%
Point Hope, AK	660	116	15.8%