Cost of Living in Lakes, AK

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C-
21%
Overall NAT. AVG.
23%
Groceries NAT. AVG.
29%
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 Lakes Alaska National
Cost of living121122100
Groceries123119100
Health care112110100
Housing129137100
Transportation114113100
Utilities125124100
Lifestyle & Entertainment122117100
Household Items112110100
Education & Childcare116114100
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Homes For Sale In Lakes, AK

property for sale

1561 N Landmark Dr

Palmer, AK
property for sale

2661 N Cottonwood Loop

Wasilla, AK
property for sale

6760 E Bogard Rd

Wasilla, AK
property for sale

3931 E Cottonwood Way

Wasilla, AK

Cost Of Living Quick Facts

  • The cost of living in Lakes is equal to the Alaska average
  • The cost of living in Lakes is 21% higher than the national average
  • Lakes housing is 29% 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 Lakes

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Compare Lakes, AK Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$144,008$12,001$3,360$4,321
      Renters$78,978$6,582$1,843$2,370
      To approximate the cost of living and the housing affordability in Lakes, AK, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Lakes have a median income of $144,008. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,360 per month to avoid calamity and poverty. The renters in the city have an income of about $78,978, which would make their monthly maximum allowable rental costs $1,843.

      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.
      Houston, AK1,99111010.3%
      Knik River, AK82411515.1%
      Buffalo Soapstone, AK96311616.4%
      Palmer, AK7,60311717.0%
      Meadow Lakes, AK8,50412020.1%
      Lakes, AK9,21912121.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      East York, PA9,2191010.5%
      Shawano, WI9,2218613.9%
      West Perth, ON9,223n/a 
      Tremonton, UT9,2241032.6%
      Waterford, CA9,22812423.8%
      Lakes, AK9,21912121.3%
      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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