Cost of Living in Kenai Peninsula Borough, AK
Population 60,413 · Census ACS 2020–2024 5-year estimates
The median rent in Kenai Peninsula Borough, AK is $1,184/month, 17% lower than the Alaska median and 16% lower than the U.S. median. The median home value is $323,200, 3% lower than the national median. Households earn a median of $80,538 a year, 13% lower than the state median.
Affordability
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Kenai Peninsula Borough vs. Alaska vs. U.S.
| Kenai Peninsula Borough | Alaska | U.S. | |
|---|---|---|---|
| Median rent | $1,184 | $1,419 | $1,413 |
| Median home value | $323,200 | $352,900 | $332,700 |
| Median household income | $80,538 | $92,788 | $80,734 |
| Homeownership rate | 77.0% | 66.8% | 65.2% |
| Bachelor's degree or higher | 29.8% | 31.7% | 35.7% |
| Poverty rate | 11.8% | 10.1% | 12.5% |
| Unemployment rate | 7.0% | 5.9% | 5.2% |
| Work from home | 10.5% | 9.7% | 15.1% |
| Median age | 41.4 | 35.8 | 38.9 |
FAQ
What is the average rent in Kenai Peninsula Borough, AK?
The median gross rent in Kenai Peninsula Borough, AK is $1,184 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Kenai Peninsula Borough, AK?
Using the common 30% rule, renting a median-priced home takes about $47,360 a year in gross income.
Is Kenai Peninsula Borough, AK expensive to live in?
Rent there is 16% lower than the U.S. median, and the median home costs about 4.0 times the median household income.
Other counties in Alaska
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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