Cost of Living in Mill Bay, AK
Population 3,541 · Alaska · Data vintage 2023
(100 = US avg)
Small, well-paid, and production-driven — Mill Bay sits at the intersection of rural Alaska and the state's energy economy. Median household incomes near $94,359 reflect that wage base, while housing costs track the smaller-town baseline. An unemployment rate of 0.9% points to a labor market well on the tight side of the national distribution.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Mill Bay
The median home value in Mill Bay is $430,600 — 41% above the national median of $305,000. Median rent runs $2,777/month, 111% higher than the national median of $1,314/month. The median household income of $94,359/year is 27% higher than the US median of $74,580. The local unemployment rate is 0.9%, below the national average of 4.8%. Alaska charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 47.9°F and lows of 36.5°F, with about 70.3" of annual snowfall. Overall, Mill Bay has a cost of living index of 169 versus the US average of 100, meaning it is 69% more expensive.
Mill Bay 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 | 36 | 38 | 39 | 45 | 52 | 57 | 62 | 63 | 57 | 48 | 41 | 37 |
| Low °F | 26 | 27 | 28 | 34 | 40 | 46 | 51 | 50 | 44 | 36 | 30 | 27 |
| Precip" | 8.35 | 6.31 | 4.82 | 6.14 | 5.85 | 5.17 | 4.51 | 4.90 | 7.55 | 8.85 | 7.06 | 8.81 |
| Snow" | 14.5 | 14.4 | 12.3 | 6.2 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 6.1 | 15.6 |
Frequently Asked Questions
What is the cost of living in Mill Bay, AK?
Mill Bay has a cost index of 169 (100 = national average). It is 69% above the national average.
What is average rent in Mill Bay, AK?
The median gross rent in Mill Bay is $2,777 per month based on 2023 Census data.
What is the average home price in Mill Bay?
The median home value in Mill Bay is $430,600 according to 2023 Census ACS data.
What is the median income in Mill Bay?
The median household income in Mill Bay is $94,359 per year (2023 ACS 5-year estimates).
What is the sales tax in Mill Bay, AK?
The combined state and local sales tax rate in Mill Bay is 1.8%. Alaska has no state income tax.
Is Mill Bay, AK affordable?
Mill Bay is above average in cost of living, with an index of 169 — about 69% higher than the national average.
What is the weather like in Mill Bay?
Mill Bay has average high temperatures of 47.9°F and average lows of 36.5°F. Annual precipitation is 78.3". Average annual snowfall is 70.3". Data from NOAA 1991–2020 Climate Normals.
Mill Bay at a Glance
- Population
- 3,541
- Median Income
- $94,359
- Home Value
- $430,600
- Median Rent
- $2,777/mo
- Unemployment
- 0.9%
- Avg High Temp
- 47.9°F
- Sales Tax
- 1.8%
Explore county-level cost of living data
Alaska Rankings
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