AK · Rank 38 of 50 affordable
Can teachers afford to live in Alaska?
Tight, but workable.
The average Alaska teacher earns $73,722 per year. A typical 2-bedroom rents for about $2,159/mo, which is 35% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$73,722
Cost-of-Living Index
127
US avg = 100
Affordability Score
33/100
Renting in Alaska
2BR Rent / mo
$2,159
Annual Rent
$25,908
% of Salary
35%
Left after rent
$3,985/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Alaska
Median Home Price
$533,400
10% Down
$53,340
P&I (7%, 30yr)
$3,194/mo
Full PITI
$3,838/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.