College, AK

Average · 94

Alaska · Population 11,730 · Updated March 2026

$1,405
Median Rent / Month
$76,831
Median Income
$279,100
Median Home Value
$1,312
Owner Costs / Month

Affordability

How far your income goes in College

21.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Alaska

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
0%
Sales Tax
1.04%
Property Tax Rate

Estimated Annual Costs

$16,860
Annual Rent
$0
State Income Tax
$2,903
Property Tax (est.)

Cost of Living Overview

College offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 94 (where 100 equals the national median), College residents can expect to pay median rent of $1,405/month while earning a median household income of $76,831/year.

The median home value in College, AK is $279,100, with typical monthly owner costs around $1,312 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Alaska has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 0% sales tax rate and 1.04% effective property tax rate, the overall tax environment helps keep costs manageable in College.

Frequently Asked Questions

Common questions about living costs in College

What is the cost of living in College, AK?
The cost of living index in College, AK is 94 (US average = 100). Median monthly rent is $1,405, median household income is $76,831/year, and the median home value is $279,100.
Is College, AK affordable?
Yes, College is more affordable than the national average with a cost index of 94. The rent-to-income ratio is 21.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in College, AK?
The median gross rent in College, AK is $1,405 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,860.
What is the median household income in College?
The median household income in College, AK is $76,831 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Alaska?
Alaska has a top income tax rate of 0%, a sales tax of 0%, and an effective property tax rate of 1.04%. Notably, there is no state income tax.