Cost of Living in Homer, AK
Population 5,750 · Alaska · Data vintage 2023
(100 = US avg)
Homer's economy is tied closely to the extraction industries that dominate much of Alaska. Median household incomes of $73,723 run at or above national figures despite the small population — a direct signal of the wage premium that mining, oil, and gas employers pay. Home values of $364,000 keep the overall cost equation favorable. Unemployment has stayed elevated relative to the national figure — 8.8% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Homer lies roughly 130 miles southwest of the nearest major metro, Anchorage. Housing prices track closely with Anchorage's $376,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Homer
The median home value in Homer is $363,700 — 19% above the national median of $305,000. Median rent runs $1,230/month, 6% lower than the national median of $1,314/month. The median household income of $73,723/year is 1% lower than the US median of $74,580. The local unemployment rate is 8.8%, above the national average of 4.8%. Alaska charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 47.0°F and lows of 33.1°F. Overall, Homer has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.
Homer has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 32 | 35 | 37 | 46 | 54 | 59 | 63 | 63 | 57 | 47 | 38 | 34 |
| Low °F | 19 | 22 | 23 | 31 | 38 | 45 | 49 | 48 | 42 | 33 | 25 | 21 |
| Precip" | 2.15 | 1.82 | 1.32 | 1.15 | 0.78 | 0.87 | 1.45 | 2.31 | 3.28 | 2.61 | 2.87 | 3.27 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Homer, AK?
Homer has a cost index of 109 (100 = national average). It is 9% above the national average.
What is average rent in Homer, AK?
The median gross rent in Homer is $1,230 per month based on 2023 Census data.
What is the average home price in Homer?
The median home value in Homer is $363,700 according to Zillow and Census data.
What is the median income in Homer?
The median household income in Homer is $73,723 per year (2023 ACS 5-year estimates).
What is the sales tax in Homer, AK?
The combined state and local sales tax rate in Homer is 1.8%. Alaska has no state income tax.
Is Homer, AK affordable?
Homer is near the national average in terms of cost of living, with an index of 109 (100 = US average).
What is the weather like in Homer?
Homer has average high temperatures of 47.0°F and average lows of 33.1°F. Annual precipitation is 23.9". Data from NOAA 1991–2020 Climate Normals.
Homer at a Glance
- Population
- 5,750
- Median Income
- $73,723
- Home Value
- $363,700
- Median Rent
- $1,230/mo
- Unemployment
- 8.8%
- Avg High Temp
- 47.0°F
- Sales Tax
- 1.8%
Nearby Cities
Explore county-level cost of living data
Alaska Rankings
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