Cost of Living in Nome, AK
Population 3,668 · Alaska · Data vintage 2023
(100 = US avg)
Nome's economy is tied closely to the extraction industries that dominate much of Alaska. Median household incomes of $113,561 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 $339,000 keep the overall cost equation favorable. At 8.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Nome
The median home value in Nome is $338,900 — 11% above the national median of $305,000. Median rent runs $1,567/month, 19% higher than the national median of $1,314/month. The median household income of $113,561/year is 52% higher than the US median of $74,580. The local unemployment rate is 8.5%, 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 34.6°F and lows of 21.3°F, with about 80.8" of annual snowfall. Overall, Nome has a cost of living index of 114 versus the US average of 100, meaning it is 14% more expensive.
Nome 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 | 13 | 17 | 18 | 29 | 44 | 55 | 58 | 56 | 49 | 36 | 24 | 16 |
| Low °F | -2 | 1 | 2 | 16 | 31 | 42 | 46 | 44 | 37 | 25 | 12 | 2 |
| Precip" | 0.94 | 0.99 | 0.74 | 0.74 | 0.89 | 0.99 | 2.35 | 3.22 | 2.20 | 1.84 | 1.27 | 1.05 |
| Snow" | 13.4 | 14.7 | 10.7 | 6.8 | 1.9 | 0.2 | 0.0 | 0.0 | 0.5 | 4.7 | 12.1 | 15.8 |
Frequently Asked Questions
What is the cost of living in Nome, AK?
Nome has a cost index of 114 (100 = national average). It is 14% above the national average.
What is average rent in Nome, AK?
The median gross rent in Nome is $1,567 per month based on 2023 Census data.
What is the average home price in Nome?
The median home value in Nome is $338,900 according to 2023 Census ACS data.
What is the median income in Nome?
The median household income in Nome is $113,561 per year (2023 ACS 5-year estimates).
What is the sales tax in Nome, AK?
The combined state and local sales tax rate in Nome is 1.8%. Alaska has no state income tax.
Is Nome, AK affordable?
Nome is above average in cost of living, with an index of 114 — about 14% higher than the national average.
What is the weather like in Nome?
Nome has average high temperatures of 34.6°F and average lows of 21.3°F. Annual precipitation is 17.2". Average annual snowfall is 80.8". Data from NOAA 1991–2020 Climate Normals.
Nome at a Glance
- Population
- 3,668
- Median Income
- $113,561
- Home Value
- $338,900
- Median Rent
- $1,567/mo
- Unemployment
- 8.5%
- Avg High Temp
- 34.6°F
- Sales Tax
- 1.8%
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Alaska Rankings
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