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.
A general overview of the cost of living index for Steele Creek, AK is displayed above. In Steele Creek, AK, the overall cost of living index is 137, which is 6% higher than the Alaska average and 37% 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 Steele Creek, AK, the city's goods and services are 1% higher than the Alaska average and 21% higher than the U.S. average.
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Did you know?
The cost of living in Steele Creek is 6% higher than the Alaska average.
The cost of living in Steele Creek is 37% higher than the national average.
The cost of housing in Steele Creek is 36% 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 Steele Creek, 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
Use the salary calculator to compare your current income in Steele Creek, AK to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Steele Creek, AK, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Steele Creek, AK salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview 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 Steele Creek, 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 Steele Creek, AK homeowners have a median income of $87,837. Using that number, you will come up with a maximum of $2,049 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $56,154, which means there is a maximum of $1,310 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 Steele Creek, 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.