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.
Here we can see a simple outline of the cost of living in Ketchikan, AK. As you can see, with the average cost of living in Ketchikan, AK being 125, that puts it 4% lower than the average of Alaska and 25% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Ketchikan, AK, the price of goods and services are 1% lower than the average of Alaska as well as 17% higher than the nation's average.
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Did you know?
The cost of living in Ketchikan is 4% lower than the Alaska average.
The cost of living in Ketchikan is 25% higher than the national average.
The cost of housing in Ketchikan is 21% 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.
Compare Ketchikan, AK Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator allows you to compare how much your current salary in Ketchikan, AK would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Ketchikan, AK, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Ketchikan, AK salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Ketchikan, 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 Ketchikan, AK homeowners have a median income of $72,882. Using that number, you will come up with a maximum of $1,700 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $40,500, which means there is a maximum of $945 to be spent on the costs of renting a home or apartment.
Alaska Sales Tax
General Sales Tax
With Max Surtax
Alaska Income Tax
Income Tax (Low)
Income Tax (High)
When assessing the complete cost of living in Ketchikan, AK, the Alaska income tax and the Alaska sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Alaska maximum surtax is 7%, and the Alaska sales tax is 0%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Alaska.
Goods & Services
Avg. Mortgage Payment
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.