Cost of Living in Lake and Peninsula 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 Lake and Peninsula Borough Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lake and Peninsula Borough ranks #1,166 of 3,142 counties for affordability (top 37%)
Sourced county brief
Lake and Peninsula Borough Median Selected Monthly Owner Costs at $597
In the Lake and Peninsula Borough, median selected monthly owner costs for all owner-occupied units were estimated at $597. This value is $401 below the Alaska unweighted county mean of $998. The official ACS B25071 gross rent as a percentage of household income (GRAPI) was 22.5%, which is 0.5 percentage points lower than the state’s unweighted county mean of 23.0%. Median gross rent in the borough was $936 per month, while the state unweighted county mean stood at $1,248. The median home value was $237,500, which is below the state unweighted county mean of $283,493. Renter-household median income was estimated at $55,000 for the 2020-2024 period. This data point represents the median for the specific housing-tenure group and is not a measure of general household affordability across all residents. 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: Lake and Peninsula Borough
Affordability Verdict
ACS B25071 estimates median gross rent at 22.5% of renter household income in Lake and Peninsula 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 $936 per month; median selected monthly owner costs are $597. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $37,440 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. Lake and Peninsula Borough's $936 median is 25.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lake and Peninsula Borough
Rent Burden
17.1%
of gross income
Max Housing (28% Rule)
$1,531
per month
Owner Cost Burden
10.9%
of gross income
The median home in Lake and Peninsula Borough may be a stretch
Median home value is $237,500. Estimated monthly cost: $1,896 vs. your max of $1,531.
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 Lake and Peninsula 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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