Chena Ridge, AK Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Chena Ridge, AK Summary

Cost of living in Chena Ridge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chena Ridge is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Alaska, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Chena Ridge is 134, with 100 being the average.

  • The cost of living index in Chena Ridge is 1.3x higher than the national average.

  • Chena Ridge ranks as the #21 cheapest in Alaska out of 22.

  • Chena Ridge ranks as the #5,400 cheapest out of 6,412 in the US.

  • The median home value in Chena Ridge is $300,800.

  • The median income in Chena Ridge is $114,655.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
134
Chena Ridge's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Chena Ridge, AK?

According to the most recent data on the cost of living, Chena Ridge has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.

Compared to Alaska, Chena Ridge has a cost of living index that's 1.1x higher than Alaska's index of 125.

The standard of living in Chena Ridge ranks as #21 most affordable out of the 22 places we measured in Alaska. By definition, that implies Chena Ridge ranks as the #1 most expensive place in the Last Frontier.

For more reading on life in Chena Ridge, check out:

21 out of 22
In Alaska
5,400 out of 6,412
In America

Chena Ridge Cost Of Living Vs. Alaska

Six factors go into calculating the cost of living index in Chena Ridge. Here is how it fairs on each of the criteria:

  • The Services index in Chena Ridge is 118.

  • The Groceries index in Chena Ridge is 122.

  • The Health index in Chena Ridge is 156.

  • The Housing index in Chena Ridge is 129.

  • The Transportation index in Chena Ridge is 121.

  • The Utilities index in Chena Ridge is 218.

Living Expense Chena Ridge Alaska National Average
Overall 134 125 100
Services 118 119 100
Groceries 122 129 100
Health 156 152 100
Housing 129 119 100
Transportation 121 119 100
Utilities 218 147 100
For more reading on cost of living around Alaska, check out:
Chena Ridge Cost of Living Vs. AK

Chena Ridge, AK Housing Cost Breakdown

Housing swings affordability the most between places in Alaska, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Chena Ridge is $300,800.

  • The Median Rent in Chena Ridge is $1,050.

  • The Median Income in Chena Ridge is $114,655.

  • The Home Value To Income in Chena Ridge is 2.6x.

  • The Rent To Monthly Income in Chena Ridge is 0.11x.

Statistic Chena Ridge Alaska United States
Median Home Value $300,800 $282,800 $244,900
Median Rent $1,050 $1,279 $1,163
Median Income $114,655 $80,287 $69,021
Home Value To Income 2.6x 3.5x 3.5x
Rent To Monthly Income 0.11x 0.19x 0.2x
Search Homes For Sale In Chena Ridge, AK
$300,800
Median Home Value
$1,050
Median Rent
$114,655
Median Income

Chena Ridge, AK Costs By Category

Detailed Chena Ridge Services Costs Vs. Alaska

Item Chena Ridge Alaska
Shampoo $1.06 $1.06
Movie $13.45 $10.68
Bowling $15.03 $14.67
Haircut $17.43 $18.62
Beauty Salon $48.7 $39.05

Detailed Chena Ridge Groceries Costs Vs. Alaska

Item Chena Ridge Alaska
Ground Beef $5.31 $4.22
Fried Chicken $1.56 $1.39
Milk $2.57 $2.05
Potatoes $3.83 $3.29
Pizza $11.99 $10.62
Beer $9.95 $9.38
Toothpaste $2.55 $2.34

Detailed Chena Ridge Health Costs Vs. Alaska

Item Chena Ridge Alaska
Optometrist $250.97 $108.57
Doctor $211.78 $116.17
Dentist $153.1 $99.13

Detailed Chena Ridge Transportation Costs Vs. Alaska

Item Chena Ridge Alaska
Gasoline $2.86 $2.22
Tire Balancing $49.08 $50.07

Detailed Chena Ridge Utilities Costs Vs. Alaska

Item Chena Ridge Alaska
All Electricity $516.42 $167.67
Phone $181.24 $175.64

Chena Ridge SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8
Affordability
8.5
Diversity
8.5
Safety
N/A
Amenities
6
Education
9.5
Commute
8

Cost Of Living In Cities Around Chena Ridge

The cost of living varies in the cities and towns around Chena Ridge. Here's a quick look at the cost of living in the most populous nearby places:

  • Fairbanks, AK has a cost of living index of 132, 1.0x Chena Ridge.

  • Badger, AK has a cost of living index of 133, 1.0x Chena Ridge.

  • College, AK has a cost of living index of 133, 1.0x Chena Ridge.

City Population Cost Of Living Vs. Chena Ridge
Fairbanks, AK 33,018 132 1.0x
Badger, AK 19,226 133 1.0x
College, AK 11,797 133 1.0x
Steele Creek, AK 7,399 135 1.0x

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