Cost of Living in Prince of Wales-Hyder Census Area, Alaska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Prince of Wales-Hyder Census Area Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Prince of Wales-Hyder Census Area ranks #228 of 3,144 counties for affordability (top 7%)
Data Story
About Cost of Living in Prince of Wales-Hyder Census Area, Alaska
Prince of Wales matches state affordability
Prince of Wales-Hyder's median household income of $59,079 trails the U.S. average of $74,755 by 21%, yet its 18.6% rent-to-income ratio exactly matches Alaska's state average. Lower absolute rents ($915/month) partially offset modest local incomes, creating an affordability equilibrium.
Perfectly aligned with Alaska average
At 18.6%, Prince of Wales-Hyder's rent-to-income ratio matches Alaska's state average exactly, placing it squarely in the middle of the state's housing affordability distribution. The $915/month median rent ranks among Alaska's more affordable, reflecting the region's limited supply and smaller population.
Southeast Alaska's most affordable option
Prince of Wales-Hyder offers the lowest absolute rents among Southeast Alaska boroughs at $915/month, undercutting Petersburg ($1,208) and competing with rural remote areas. Lower incomes mean the affordability advantage is proportional rather than absolute compared to higher-wage Southeast communities.
Lower income, lower housing costs
Renters spend $915/month on housing against a $59,079 annual income ($4,923/month), allocating 18.6% to rent—the state average—and maintaining reasonable discretionary income. Homeowners face monthly costs of $545 on properties valued at $221,800, offering Alaska's most accessible ownership ladder on absolute terms.
Prince of Wales for budget-conscious movers
If you're relocating to Alaska with household income near $59,000 and prioritizing affordability, Prince of Wales-Hyder delivers some of the state's lowest absolute housing costs. Expect limited job diversity and remote island living; verify local employment prospects before relocating.
Cost of Living Advisory: Prince of Wales-Hyder Census Area
Affordability Verdict
For renters in Prince of Wales-Hyder Census Area, the market is affordable. Expect to pay around $915/month in gross rent, with 23.0% of renter households considered cost-burdened.
Rent vs. Own
At $915/month rent versus $545/month in owner costs, owning is roughly $370/month cheaper — a 40% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,600/year. For owner costs at the 28% rule, the required income is roughly $23,357/year. With a median household income of $59,079, most households can comfortably afford rent here. Notably, 23.0% of renter households in Prince of Wales-Hyder Census Area are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Copper River Census Area where rent averages $973/month, Prince of Wales-Hyder Census Area is approximately 6% less expensive.
Affordability Calculator
See how your income compares to housing costs in Prince of Wales-Hyder Census Area
Rent Burden
18.6%
of gross income
Max Housing (28% Rule)
$1,379
per month
Owner Cost Burden
11.1%
of gross income
The median home in Prince of Wales-Hyder Census Area may be a stretch
Median home value is $221,800. Estimated monthly cost: $1,771 vs. your max of $1,379.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 Prince of Wales-Hyder Census Area, Alaska?
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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