Cost of Living in Steele Creek, AK

Population 5,861 · Alaska · Data vintage 2023

95
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Incomes in Steele Creek punch well above what you'd expect from a town of 5,861. The reason is straightforward: extraction-sector wages. Median household earnings of $117,260 pair with home values that remain well below the national median. The labor market has been unusually tight, with unemployment around 0.9% — below most comparable cities in the state.

Cost Overview

Housing 109
Rent 75

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Steele Creek

The median home value in Steele Creek is $331,200 — 9% above the national median of $305,000. Median rent runs $980/month, 25% lower than the national median of $1,314/month. The median household income of $117,260/year is 57% 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 38.6°F and lows of 23.7°F. Overall, Steele Creek has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.

🏠 Housing

Median Home Value
$331,200
9% above avg
Median Rent
$980/mo
25% below avg
Price-to-Rent Ratio
28.2x
Favors renting
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,004
1 BR
$1,129
2 BR
$1,413
3 BR
$1,839
4 BR
$2,224
Owner-occupied 87.9%
Renter-occupied 12.1%

💰 Estimated Monthly Budget

Rent median rent
$980
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,594/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.8 min
3% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.0%

Commute Mode

Drove alone
76.8%
Carpooled
7.0%
Public transit
2.0%
Walked
0.1%
Work from home
13.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 1.8%
State rate 0.0%
Avg local rate 1.8%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$117,260
57% above avg
Per Capita Income
$53,386
Unemployment Rate
0.9%
80% below avg
Poverty Rate
0.6%
Labor Force Participation
66.9%

🎓 Education

Bachelor's degree+ 26.9%
Graduate degree 19.4%

👥 Demographics

Median Age 41.7
Male median age 41.5
Female median age 41.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
38.6°F
Avg Low
23.7°F
Annual Precip
15"
-10° 10° 30° 50° 70° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 101724425767686152331814
Low °F -2382538485147372260
Precip" 0.570.570.520.660.862.182.862.901.700.800.800.59

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
61.4%
Good air days/yr
231
Max AQI recorded
229
PM2.5 days
135
Ozone days

Frequently Asked Questions

What is the cost of living in Steele Creek, AK?

Steele Creek has a cost index of 95 (100 = national average). It is 5% below the national average.

What is average rent in Steele Creek, AK?

The median gross rent in Steele Creek is $980 per month based on 2023 Census data.

What is the average home price in Steele Creek?

The median home value in Steele Creek is $331,200 according to 2023 Census ACS data.

What is the median income in Steele Creek?

The median household income in Steele Creek is $117,260 per year (2023 ACS 5-year estimates).

What is the sales tax in Steele Creek, AK?

The combined state and local sales tax rate in Steele Creek is 1.8%. Alaska has no state income tax.

Is Steele Creek, AK affordable?

Steele Creek is near the national average in terms of cost of living, with an index of 95 (100 = US average).

What is the weather like in Steele Creek?

Steele Creek has average high temperatures of 38.6°F and average lows of 23.7°F. Annual precipitation is 15". Data from NOAA 1991–2020 Climate Normals.

Steele Creek at a Glance

Population
5,861
Median Income
$117,260
Home Value
$331,200
Median Rent
$980/mo
Unemployment
0.9%
Avg High Temp
38.6°F
Sales Tax
1.8%
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🗺️ County data for Alaska

Explore county-level cost of living data

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