Cost of Living in North Slope Borough, Alaska

$1,167/mo

Median Monthly Rent

$219,600

Median Home Value

4% below state averageUnaffordable

At a Glance

Median Monthly Rent

$1,167/mo

4% below state average

Median Home Value

$219,600

22% below national

Rent-to-Income Ratio

18.0%

% 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 North Slope Borough Compares

Median monthly rent comparison

North Slope Borough$1,167/mo

Alaska Average$1,221/mo

National Median$1,163/mo

Detailed Housing Stats

$1,167/mo

Median Gross Rent

$219,600

Median Home Value

$617/mo

Monthly Owner Cost

18.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in North Slope Borough, Alaska

North Slope offers best affordability rates

North Slope's median household income of $86,313 outpaces the U.S. average by 15%, while its 16.2% rent-to-income ratio ranks among Alaska's most livable. High oil-industry wages combined with moderate rents create Alaska's sweetest affordability equation.

Alaska's affordability champion

At 16.2%, North Slope's rent-to-income ratio beats Alaska's state average of 18.6%, earning it the top affordability ranking among these eight boroughs. The borough's petroleum-driven economy supports high household incomes while keeping rents reasonable relative to earnings.

Oil wealth enables housing stability

North Slope's $1,167/month rent and $86,313 median income create Alaska's best renter-affordability balance, outpacing both rural subsistence areas and pricier remote regions. The petroleum sector's wage premiums ensure housing costs never overwhelm household budgets here.

Strong income shields housing burden

Renters allocate $1,167/month rent against a $86,313 annual income ($7,193/month), consuming just 16.2% and leaving substantial room for other expenses. Homeowners face moderate monthly costs of $617 on properties averaging $219,600, reflecting the borough's relatively affordable ownership landscape.

North Slope for economic security

If you can secure work in North Slope's oil and gas sector, housing affordability is exceptionally strong and income potential is Alaska's highest. The extreme Arctic climate and isolation offset the financial advantages, so weigh lifestyle trade-offs carefully.

Affordability Calculator

See how your income compares to housing costs in North Slope Borough

Your Annual Household Income

Rent Burden

16.2%

of gross income

Max Housing (28% Rule)

$2,014

per month

Owner Cost Burden

8.6%

of gross income

You can likely afford the median home in North Slope Borough

Median home value is $219,600. Estimated monthly cost: $1,753 vs. your max of $2,014.

Rent Affordability Guide

Your rent-to-income ratio16.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in North Slope Borough, Alaska?

North Slope Borough, Alaska has a median monthly rent of $1,167/mo and a median home value of $219,600. The affordability rating is Unaffordable, with rent making up approximately 18.0% of median household income.

What is the median rent in North Slope Borough?

The median gross rent in North Slope Borough is $1,167/mo. This is 4% below state average for Alaska.

Is North Slope Borough affordable?

North Slope Borough is rated Unaffordable based on rent-to-income ratio of 18.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does North Slope Borough's rent compare to the state average?

North Slope Borough's median rent of $1,167/mo is 4% below state average of $1,221/mo for Alaska.

What is the median home value in North Slope Borough?

The median home value in North Slope Borough, Alaska is $219,600. This is 22% below the national median home value of $281,900.