Cost of Living in Nome Census Area, Alaska

$1,328/mo
Median Monthly Rent
$201,000
Median Home Value
9% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,328/mo
9% above state average
Median Home Value
$201,000
29% below national
Rent-to-Income Ratio
19.0%
% 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 Nome Census Area Compares

Median monthly rent comparison

Nome Census Area$1,328/mo
Alaska Average$1,221/mo
National Median$1,163/mo

Detailed Housing Stats

$1,328/mo
Median Gross Rent
$201,000
Median Home Value
$748/mo
Monthly Owner Cost
19.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Nome Census Area, Alaska

Nome's rents pinch despite strong income

Nome's median household income of $76,643 slightly exceeds the U.S. average of $74,755, yet its rent-to-income ratio of 20.8% marks Alaska's highest affordability challenge. At $1,328/month, Nome's rents are among Alaska's priciest, driven by extreme remoteness and limited supply.

Alaska's tightest rental squeeze

Nome's 20.8% rent-to-income ratio ranks worst among all eight surveyed Alaska boroughs, exceeding the state average of 18.6% by 2.2 percentage points. This reflects Nome's unique isolation as a remote gold-rush region where supply constraints push rents toward the state's highest levels.

Isolated supply drives expensive rents

Nome's $1,328/month rent ranks among Alaska's highest despite moderate local income, reflecting extreme remoteness and limited housing stock typical of frontier communities. Compared to slightly-better-positioned Northwest Arctic ($1,336) and Kusilvak ($832), Nome occupies an affordability sweet spot between urban and subsistence-level Alaska.

High rent burden, moderate income

Renters dedicate $1,328/month to rent against a $76,643 annual income ($6,387/month), consuming one-fifth of gross earnings and limiting savings capacity. Homeowners face monthly costs of $748 on properties valued at $201,000, offering slightly better long-term wealth-building than renting despite higher absolute payments.

Nome demands strong income buffer

Moving to Nome requires household income above $76,600 to maintain reasonable affordability—and ideally significantly higher to avoid rent stress. The region's gold-rush heritage and Arctic lifestyle appeal, but plan for elevated housing costs even as an established income earner.

Affordability Calculator

See how your income compares to housing costs in Nome Census Area

$

Rent Burden

20.8%

of gross income

Max Housing (28% Rule)

$1,788

per month

Owner Cost Burden

11.7%

of gross income

You can likely afford the median home in Nome Census Area

Median home value is $201,000. Estimated monthly cost: $1,605 vs. your max of $1,788.

Rent Affordability Guide

Your rent-to-income ratio20.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Nome Census Area, Alaska?
Nome Census Area, Alaska has a median monthly rent of $1,328/mo and a median home value of $201,000. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.
What is the median rent in Nome Census Area?
The median gross rent in Nome Census Area is $1,328/mo. This is 9% above state average for Alaska.
Is Nome Census Area affordable?
Nome Census Area is rated Unaffordable based on rent-to-income ratio of 19.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Nome Census Area's rent compare to the state average?
Nome Census Area's median rent of $1,328/mo is 9% above state average of $1,221/mo for Alaska.
What is the median home value in Nome Census Area?
The median home value in Nome Census Area, Alaska is $201,000. This is 29% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.