Cost of Living in Skagway Municipality, Alaska

$1,228/mo

Median Monthly Rent

$430,000

Median Home Value

1% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,228/mo

1% above state average

Median Home Value

$430,000

53% above 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 Skagway Municipality Compares

Median monthly rent comparison

Skagway Municipality$1,228/mo

Alaska Average$1,221/mo

National Median$1,163/mo

Detailed Housing Stats

$1,228/mo

Median Gross Rent

$430,000

Median Home Value

$981/mo

Monthly Owner Cost

19.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Skagway Municipality, Alaska

Skagway's rent-to-income ratio near state average

Skagway renters allocate 18.8% of income to housing costs, nearly matching Alaska's state average of 18.6% and remaining safely below the national 30% affordability threshold. While median household income of $78,594 is slightly above the national median, Alaska's remote location keeps rental prices elevated.

Middle-ground affordability across Alaska

Skagway's rent-to-income ratio of 18.8% places it squarely in Alaska's mid-range for housing affordability, neither among the most nor least expensive communities. The municipality offers a balanced housing market compared to the state's extremes.

Skagway offers competitive rents

Skagway's $1,228 monthly rent is the lowest among Southeast Alaskan peers, including Sitka ($1,350) and Yakutat ($1,276), though income here is also lower at $78,594. Homeownership is more affordable, with median costs of $981 monthly, making Skagway attractive for those seeking to build equity.

Skagway's housing affordability math

Renters earning $78,594 annually pay $1,228 monthly, dedicating less than a fifth of gross income to rent. Owner-occupied households fare even better, with $981 monthly payments representing just 15% of household income on a $430,000 median home value.

Skagway for owner-occupants seeking value

Skagway stands out as Alaska's most affordable community for prospective homeowners, with below-average ownership costs and moderate home values. If you're planning to buy and stay in Alaska, Skagway offers rare ownership opportunities without the premium price tags of other communities.

Affordability Calculator

See how your income compares to housing costs in Skagway Municipality

Your Annual Household Income

Rent Burden

18.7%

of gross income

Max Housing (28% Rule)

$1,834

per month

Owner Cost Burden

15.0%

of gross income

The median home in Skagway Municipality may be a stretch

Median home value is $430,000. Estimated monthly cost: $3,433 vs. your max of $1,834.

Rent Affordability Guide

Your rent-to-income ratio18.7%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Skagway Municipality, Alaska?

Skagway Municipality, Alaska has a median monthly rent of $1,228/mo and a median home value of $430,000. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.

What is the median rent in Skagway Municipality?

The median gross rent in Skagway Municipality is $1,228/mo. This is 1% above state average for Alaska.

Is Skagway Municipality affordable?

Skagway Municipality 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 Skagway Municipality's rent compare to the state average?

Skagway Municipality's median rent of $1,228/mo is 1% above state average of $1,221/mo for Alaska.

What is the median home value in Skagway Municipality?

The median home value in Skagway Municipality, Alaska is $430,000. This is 53% above the national median home value of $281,900.