Cost of Living in Petersburg 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 Petersburg Borough Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Petersburg Borough ranks #2,076 of 3,142 counties for affordability (bottom 34%)
Sourced county brief
Petersburg Borough Median Home Value Reaches $315,100
The median home value in Petersburg Borough was estimated at $315,100, which is $31,607 above the Alaska unweighted county mean of $283,493. For renter households, the official ACS B25071 gross rent as a percentage of household income (GRAPI) was 22.7%. This official GRAPI figure is 0.3 percentage points below the state unweighted county mean of 23.0%. Median gross rent in the borough was $950 per month, while the state unweighted county mean was $1,248. Median selected monthly owner costs for all owner-occupied units were $990, just below the state unweighted county mean of $998. The median income for renter households was $58,929. These data points provide a structured snapshot of housing tenure costs based on the 2020-2024 American Community Survey estimates and are not intended as relocation or financial advice. 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: Petersburg Borough
Affordability Verdict
ACS B25071 estimates median gross rent at 22.7% of renter household income in Petersburg 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 $950 per month; median selected monthly owner costs are $990. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $38,000 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. Petersburg Borough's $950 median is 23.9% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Petersburg Borough
Rent Burden
15.2%
of gross income
Max Housing (28% Rule)
$1,753
per month
Owner Cost Burden
15.8%
of gross income
The median home in Petersburg Borough may be a stretch
Median home value is $315,100. Estimated monthly cost: $2,516 vs. your max of $1,753.
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
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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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