Soldotna 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.
IndexSoldotnaAlaskaNational
Cost of living index121133100
IndexSoldotnaAlaskaNational
Goods & Services index121119100
Groceries index123128100
Health care index138143100
Housing index120135100
Transportation index124146100
Utilities index109159100
A general overview of the cost of living index for Soldotna, AK is displayed above. In Soldotna, AK, the overall cost of living index is 121, which is 9% lower than the Alaska average and 21% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Soldotna, AK, the city's goods and services are 2% higher than the Alaska average and 21% higher than the U.S. average.

Did you know?

  • The cost of living in Soldotna is 9% lower than the Alaska average.
  • The cost of living in Soldotna is 21% higher than the national average.
  • The cost of housing in Soldotna is 20% 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 Soldotna, 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 meant to help you compare your salary in Soldotna, 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 Soldotna, AK, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Soldotna, 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$71,267$5,939$1,663$2,138
Renters$37,439$3,120$874$1,123
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Soldotna, AK, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Soldotna, AK has a median income of about $71,267 for people who own homes. Based on that number, a person should spend a maximum of $1,663 on expenses related to housing. Renters have a slightly different median income, which is $37,439. Based on this average, renters should spend no more than $874 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Soldotna, 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

ItemSoldotnaNational 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

ItemSoldotnaNational 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

ItemSoldotnaNational 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

ItemSoldotnaNational avg.Difference
Home Price $221,300.00$175,700.0026.0%
Avg. Mortgage Payment $1,842.82$1,081.0370.5%
Apartment Rent $988.00$920.007.4%

Transportation

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

Utilities

ItemSoldotnaNational 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.
Funny River, AK93511313%
Salamatof, AK1,04911515%
Kenai, AK7,34811717%
Nikiski, AK4,53611818%
Cohoe, AK1,48511818%
Soldotna, AK4,34512121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ligonier, IN4,34481-19%
Oak View, CA4,34713636%
Mont Belvieu, TX4,3431033%
Le Roy, NY4,34896-4%
California, MO4,34284-16%
Soldotna, AK4,34512121%
Source: The Soldotna, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.