Cost of Living in Kodiak Island Borough, Alaska

$1,669/mo

Median Monthly Rent

$382,700

Median Home Value

37% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,669/mo

37% above state average

Median Home Value

$382,700

36% above national

Rent-to-Income Ratio

25.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Kodiak Island Borough Compares

Median monthly rent comparison

Kodiak Island Borough$1,669/mo

Alaska Average$1,221/mo

National Median$1,163/mo

Detailed Housing Stats

$1,669/mo

Median Gross Rent

$382,700

Median Home Value

$1,459/mo

Monthly Owner Cost

25.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Kodiak Island Borough, Alaska

Kodiak Island: Alaska's most expensive housing burden

At 23.9%, Kodiak Island's rent-to-income ratio is the highest across all measured Alaska counties and significantly exceeds national norms, meaning residents dedicate nearly a quarter of income to rent. The $1,669 monthly rent is Alaska's priciest, while the $83,716 median income, though solid, struggles to absorb this exceptional housing cost.

Kodiak ranks as Alaska's least affordable

Kodiak Island's 23.9% rent-to-income ratio is the worst in Alaska, 5.3 percentage points above the state average of 18.6%. The $1,669 median monthly rent is the absolute highest statewide, creating genuine affordability pressure despite residents earning a respectable $83,716 annually.

Island pricing isolates Kodiak from peers

Kodiak Island's $1,669 rent vastly exceeds nearly every other Alaska community: Juneau is $207 cheaper ($1,462), Fairbanks is $245 cheaper ($1,424), and most others pale in comparison. Geographic isolation and island economy dynamics drive Kodiak's exceptional cost burden.

Renters spend 23.9%, owners $1,459/month

Kodiak renters spend nearly a quarter of their $83,716 income—$1,669 monthly—leaving limited room for other expenses and savings. Even homeowners pay a steep $1,459 monthly, making Kodiak Island the state's most challenging market for both renting and ownership.

Kodiak demands highest income tolerance statewide

Only consider relocating to Kodiak Island if you secure substantially above-market wages; the 23.9% rent burden is the worst in Alaska and drains household budgets. Compare this burden against Haines' 15.1% ratio or Dillingham's 17.5% to fully appreciate Kodiak's exceptional housing cost pressure.

Affordability Calculator

See how your income compares to housing costs in Kodiak Island Borough

Your Annual Household Income

Rent Burden

23.9%

of gross income

Max Housing (28% Rule)

$1,953

per month

Owner Cost Burden

20.9%

of gross income

The median home in Kodiak Island Borough may be a stretch

Median home value is $382,700. Estimated monthly cost: $3,055 vs. your max of $1,953.

Rent Affordability Guide

Your rent-to-income ratio23.9%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Kodiak Island Borough, Alaska?

Kodiak Island Borough, Alaska has a median monthly rent of $1,669/mo and a median home value of $382,700. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.

What is the median rent in Kodiak Island Borough?

The median gross rent in Kodiak Island Borough is $1,669/mo. This is 37% above state average for Alaska.

Is Kodiak Island Borough affordable?

Kodiak Island Borough is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Kodiak Island Borough's rent compare to the state average?

Kodiak Island Borough's median rent of $1,669/mo is 37% above state average of $1,221/mo for Alaska.

What is the median home value in Kodiak Island Borough?

The median home value in Kodiak Island Borough, Alaska is $382,700. This is 36% above the national median home value of $281,900.