North Lakes, AK

Average · 109

Alaska · Population 10,583 · Updated March 2026

$1,459
Median Rent / Month
$102,785
Median Income
$338,900
Median Home Value
$1,706
Owner Costs / Month

Affordability

How far your income goes in North Lakes

17.0%
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

$17,508
Annual Rent
$0
State Income Tax
$3,525
Property Tax (est.)

Cost of Living Overview

North Lakes is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 109 (where 100 equals the national median), North Lakes residents can expect to pay median rent of $1,459/month while earning a median household income of $102,785/year.

The median home value in North Lakes, AK is $338,900, with typical monthly owner costs around $1,706 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.0% 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 North Lakes.

Frequently Asked Questions

Common questions about living costs in North Lakes

What is the cost of living in North Lakes, AK?
The cost of living index in North Lakes, AK is 109 (US average = 100). Median monthly rent is $1,459, median household income is $102,785/year, and the median home value is $338,900.
Is North Lakes, AK affordable?
No, North Lakes is more expensive than the national average with a cost index of 109. The rent-to-income ratio is 17.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in North Lakes, AK?
The median gross rent in North Lakes, AK is $1,459 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,508.
What is the median household income in North Lakes?
The median household income in North Lakes, AK is $102,785 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.