Sterling, AK Cost Of Living
Cost Of Living In Sterling, AK Summary
Cost of living in Sterling 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 Sterling 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 Sterling is 124, with 100 being the average.
The cost of living index in Sterling is 1.2x higher than the national average.
Sterling ranks as the #8 cheapest in Alaska out of 22.
Sterling ranks as the #4,999 cheapest out of 6,412 in the US.
The median home value in Sterling is $295,700.
The median income in Sterling is $99,093.
Table Of Contents
Sterling's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sterling, AK?
According to the most recent data on the cost of living, Sterling has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Alaska, Sterling has a cost of living index that's 1.0x lower than Alaska's index of 125.
The standard of living in Sterling ranks as #8 most affordable out of the 22 places we measured in Alaska. By definition, that implies Sterling ranks as the #14 most expensive place in the Last Frontier.
For more reading on life in Sterling, check out:
- Living In Sterling
- Search Homes For Sale In Sterling, AK
In Alaska
In America
Sterling Cost Of Living Vs. Alaska
Six factors go into calculating the cost of living index in Sterling. Here is how it fairs on each of the criteria:
The Services index in Sterling is 115.
The Groceries index in Sterling is 128.
The Health index in Sterling is 150.
The Housing index in Sterling is 138.
The Transportation index in Sterling is 109.
The Utilities index in Sterling is 127.
| Living Expense | Sterling | Alaska | National Average | |
|---|---|---|---|---|
| Overall | 124 | 125 | 100 | |
| Services | 115 | 119 | 100 | |
| Groceries | 128 | 129 | 100 | |
| Health | 150 | 152 | 100 | |
| Housing | 138 | 119 | 100 | |
| Transportation | 109 | 119 | 100 | |
| Utilities | 127 | 147 | 100 | |
Sterling, 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 Sterling is $295,700.
The Median Rent in Sterling is $1,102.
The Median Income in Sterling is $99,093.
The Home Value To Income in Sterling is 3.0x.
The Rent To Monthly Income in Sterling is 0.13x.
| Statistic | Sterling | Alaska | United States |
|---|---|---|---|
| Median Home Value | $295,700 | $282,800 | $244,900 |
| Median Rent | $1,102 | $1,279 | $1,163 |
| Median Income | $99,093 | $80,287 | $69,021 |
| Home Value To Income | 3.0x | 3.5x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Sterling, AK Costs By Category
Detailed Sterling Services Costs Vs. Alaska
Detailed Sterling Groceries Costs Vs. Alaska
Detailed Sterling Health Costs Vs. Alaska
Detailed Sterling Transportation Costs Vs. Alaska
Detailed Sterling Utilities Costs Vs. Alaska
Sterling SnackAbility
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Cost Of Living In Cities Around Sterling
The cost of living varies in the cities and towns around Sterling. Here's a quick look at the cost of living in the most populous nearby places:
Kalifornsky, AK has a cost of living index of 121, 1.0x Sterling.
Kenai, AK has a cost of living index of 118, 1.0x Sterling.
| City | Population | Cost Of Living | Vs. Sterling |
|---|---|---|---|
| Kalifornsky, AK | 8,428 | 121 | 1.0x |
| Kenai, AK | 7,452 | 118 | 1.0x |
