Valdez 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.
Cost of living index119130100
Goods & Services index126119100
Groceries index132137100
Health care index143146100
Housing index111135100
Transportation index113129100
Utilities index100142100
A general overview of the cost of living index for Valdez, AK is displayed above. In Valdez, AK, the overall cost of living index is 119, which is 9% lower than the Alaska average and 19% 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 Valdez, AK, the city's goods and services are 6% higher than the Alaska average and 26% higher than the U.S. average.

Did you know?

  • The cost of living in Valdez is 9% lower than the Alaska average.
  • The cost of living in Valdez is 19% higher than the national average.
  • The cost of housing in Valdez is 11% 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 Valdez


New Real Estate Listings In Valdez

Compare Valdez, 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 Valdez, 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 Valdez, AK, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Valdez, 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)
The affordability of the housing market in Valdez, 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 Valdez, AK homeowners, the median income is $112,361. This indicates that a monthly maximum of $2,622 should be spent by homeowners on all housing related costs. Renters have a median income of $49,811. This indicates that renters should have a maximum of $1,162 used for their rent related monthly costs.

Alaska Sales Tax

StateGeneral Sales TaxWith Max Surtax

Alaska Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Valdez, AK, it's important to take into account the sales tax for Alaska, as well as the rate for income tax in Alaska. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Alaska is 7%, and the sales tax in the state of Alaska is 0%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Alaska starts from 0% and goes up to 0%.

Goods & Services

ItemValdezNational avg.Difference
Haircut $20.65$15.5632.7%
Beauty Salon $48.69$36.1134.8%
Toothpaste $3.38$2.4736.7%
Shampoo $1.09$0.9613.0%
Movie $11.40$10.1312.6%
Bowling $4.69$4.741.0%


ItemValdezNational avg.Difference
Ground Beef $5.81$3.9845.9%
Fried Chicken $1.63$1.4116.1%
Milk $2.26$2.069.5%
Potatoes $3.91$2.9831.1%
Pizza $10.99$9.4716.0%
Beer $10.38$8.7918.0%

Health Care

ItemValdezNational avg.Difference
Optometrist $195.09$101.0493.1%
Doctor $175.40$107.4463.3%
Dentist $135.20$90.4249.5%
Ibuprofen $10.12$9.289.0%
Lipitor $452.54$426.506.1%


ItemValdezNational avg.Difference
Home Price $183,700.00$175,700.004.6%
Avg. Mortgage Payment $1,748.13$1,133.2354.3%
Apartment Rent $1,172.00$920.0027.4%


ItemValdezNational avg.Difference
Gasoline $2.32$1.9916.4%
Tire Balancing $48.21$45.765.4%


ItemValdezNational avg.Difference
All Electricity$201.39$163.8122.9%
Phone $19.99$28.3929.6%
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.
Valdez, AK4,00211919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pine Level, AL4,00293-7%
Mirrormont, WA4,00116464%
Williamston, SC4,00389-11%
Ipswich, MA4,00314141%
Sheffield, OH4,0041066%
Valdez, AK4,00211919%
Source: The Valdez, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.