Cost of Living in Homer, AK

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D-
27%
Overall NAT. AVG.
23%
Groceries NAT. AVG.
49%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Homer Alaska National
Cost of living127122100
Groceries123119100
Health care112110100
Housing149137100
Transportation114113100
Utilities125124100
Lifestyle & Entertainment122117100
Household Items112110100
Education & Childcare116114100
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Homes For Sale In Homer, AK

property for sale

1611 East End Rd

Homer, AK
property for sale

2175 Aspen Ln

Homer, AK
property for sale

1374 East End Rd

Homer, AK
property for sale

253 E Bunnell Ave

Homer, AK
See the Newest Homes For Sale In Homer, AK

Cost Of Living Quick Facts

  • The cost of living in Homer is 4% higher than the Alaska average
  • The cost of living in Homer is 27% higher than the national average
  • Homer housing is 49% 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

Most Affordable Places to Live in and Around Homer

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Compare Homer, AK Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$110,199$9,183$2,571$3,306
      Renters$70,335$5,861$1,641$2,110
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Homer, AK, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Homer, homeowners have a median income of $110,199. Using that number, a maximum of $2,571 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $70,335, which means there is a maximum of $1,641 to be spent on the costs of renting a home or apartment.

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Nikolaevsk, AK1921065.5%
      Seldovia, AK16811313.0%
      Anchor Point, AK2,32811414.0%
      Seldovia Village, AK18011716.7%
      Fritz Creek, AK2,08012727.4%
      Homer, AK6,04312727.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Manasquan, NJ6,04417271.5%
      Zimmerman, MN6,0451043.8%
      Loudon, TN6,0408911.5%
      Carterville, IL6,046945.7%
      Villa Park, CA6,039292192.3%
      Homer, AK6,04312727.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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