Meadow Lakes, AK Cost Of Living
Cost Of Living In Meadow Lakes, AK Summary
Cost of living in Meadow Lakes 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 Meadow Lakes 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 Meadow Lakes is 120, with 100 being the average.
The cost of living index in Meadow Lakes is 1.2x higher than the national average.
Meadow Lakes ranks as the #3 cheapest in Alaska out of 22.
Meadow Lakes ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Meadow Lakes is $241,000.
The median income in Meadow Lakes is $75,673.
Table Of Contents
Meadow Lakes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Meadow Lakes, AK?
According to the most recent data on the cost of living, Meadow Lakes has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Alaska, Meadow Lakes has a cost of living index that's 1.0x lower than Alaska's index of 125.
The standard of living in Meadow Lakes ranks as #3 most affordable out of the 22 places we measured in Alaska. By definition, that implies Meadow Lakes ranks as the #19 most expensive place in the Last Frontier.
For more reading on life in Meadow Lakes, check out:
- Living In Meadow Lakes
- Search Homes For Sale In Meadow Lakes, AK
In Alaska
In America
Meadow Lakes Cost Of Living Vs. Alaska
Six factors go into calculating the cost of living index in Meadow Lakes. Here is how it fairs on each of the criteria:
The Services index in Meadow Lakes is 113.
The Groceries index in Meadow Lakes is 129.
The Health index in Meadow Lakes is 148.
The Housing index in Meadow Lakes is 115.
The Transportation index in Meadow Lakes is 112.
The Utilities index in Meadow Lakes is 128.
| Living Expense | Meadow Lakes | Alaska | National Average | |
|---|---|---|---|---|
| Overall | 120 | 125 | 100 | |
| Services | 113 | 119 | 100 | |
| Groceries | 129 | 129 | 100 | |
| Health | 148 | 152 | 100 | |
| Housing | 115 | 119 | 100 | |
| Transportation | 112 | 119 | 100 | |
| Utilities | 128 | 147 | 100 | |
Meadow Lakes, 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 Meadow Lakes is $241,000.
The Median Rent in Meadow Lakes is $1,126.
The Median Income in Meadow Lakes is $75,673.
The Home Value To Income in Meadow Lakes is 3.2x.
The Rent To Monthly Income in Meadow Lakes is 0.18x.
| Statistic | Meadow Lakes | Alaska | United States |
|---|---|---|---|
| Median Home Value | $241,000 | $282,800 | $244,900 |
| Median Rent | $1,126 | $1,279 | $1,163 |
| Median Income | $75,673 | $80,287 | $69,021 |
| Home Value To Income | 3.2x | 3.5x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Meadow Lakes, AK Costs By Category
Detailed Meadow Lakes Services Costs Vs. Alaska
| Item | Meadow Lakes | Alaska |
|---|---|---|
| Shampoo | $1.05 | $1.06 |
| Movie | $12.27 | $10.68 |
| Bowling | $17.03 | $14.67 |
| Haircut | $23.5 | $18.62 |
| Beauty Salon | $54.87 | $39.05 |
Detailed Meadow Lakes Groceries Costs Vs. Alaska
| Item | Meadow Lakes | Alaska |
|---|---|---|
| Ground Beef | $5.43 | $4.22 |
| Fried Chicken | $1.71 | $1.39 |
| Milk | $2.73 | $2.05 |
| Potatoes | $4.46 | $3.29 |
| Pizza | $11.8 | $10.62 |
| Beer | $10.49 | $9.38 |
| Toothpaste | $3.15 | $2.34 |
Detailed Meadow Lakes Health Costs Vs. Alaska
| Item | Meadow Lakes | Alaska |
|---|---|---|
| Optometrist | $219.89 | $108.57 |
| Doctor | $206.08 | $116.17 |
| Dentist | $147.12 | $99.13 |
Detailed Meadow Lakes Transportation Costs Vs. Alaska
| Item | Meadow Lakes | Alaska |
|---|---|---|
| Gasoline | $2.59 | $2.22 |
| Tire Balancing | $48.67 | $50.07 |
Detailed Meadow Lakes Utilities Costs Vs. Alaska
| Item | Meadow Lakes | Alaska |
|---|---|---|
| All Electricity | $247.3 | $167.67 |
| Phone | $184.26 | $175.64 |
Meadow Lakes SnackAbility
/10
Cost Of Living In Cities Around Meadow Lakes
The cost of living varies in the cities and towns around Meadow Lakes. Here's a quick look at the cost of living in the most populous nearby places:
Knik-Fairview, AK has a cost of living index of 124, 1.0x Meadow Lakes.
Tanaina, AK has a cost of living index of 123, 1.0x Meadow Lakes.
Wasilla, AK has a cost of living index of 121, 1.0x Meadow Lakes.
| City | Population | Cost Of Living | Vs. Meadow Lakes |
|---|---|---|---|
| Knik-Fairview, AK | 18,282 | 124 | 1.0x |
| Tanaina, AK | 10,314 | 123 | 1.0x |
| Wasilla, AK | 9,098 | 121 | 1.0x |
| Gateway, AK | 6,305 | 127 | 1.1x |
| Palmer, AK | 5,978 | 118 | 1.0x |
