Cost of Living in Kodiak Island Borough, Alaska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Kodiak Island Borough Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Kodiak Island Borough ranks #2,926 of 3,142 counties for affordability (bottom 7%)
Sourced county brief
Renter Median Income in Kodiak Island Borough Reaches $83,883
Renter-household median income was $83,883 per year. Median gross rent was recorded at $1,765 per month, which is $517 above the Alaska unweighted county mean of $1,248. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 25.7%, which is 2.7 percentage points above the state unweighted county mean of 23.0%. Median home value was estimated at $412,300, and median selected monthly owner costs were $1,464. Both metrics are above the unweighted state means of $283,493 and $998, respectively. These figures are from the U.S. Census Bureau ACS 2020-2024 5-year estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Kodiak Island Borough
Affordability Verdict
ACS B25071 estimates median gross rent at 25.7% of renter household income in Kodiak Island Borough, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,765 per month; median selected monthly owner costs are $1,464. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $70,600 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Alaska unweighted mean of county median rents is $1,248 per month. Kodiak Island Borough's $1,765 median is 41.4% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Kodiak Island Borough
Rent Burden
24.6%
of gross income
Max Housing (28% Rule)
$2,013
per month
Owner Cost Burden
20.4%
of gross income
The median home in Kodiak Island Borough may be a stretch
Median home value is $412,300. Estimated monthly cost: $3,292 vs. your max of $2,013.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
What is the cost of living in Kodiak Island Borough, Alaska?
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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