Housing costs in Ridgeway?
A typical home costs
$301,700, which is 10.8% less expensive than the national average of
$338,100 and 10.2% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Ridgeway costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 15.4% cheaper than the state average of
$1,350.
Can I afford Ridgeway?
To live comfortably in Ridgeway, Alaska, a minimum annual income of
$57,960 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Ridgeway?
The cost of living in Ridgeway, AK is relatively affordable, as the median household income is a little over $64,000. The median home value is just over $220,000, which is relatively low compared to other parts of Alaska. Rent prices are also generally quite low in Ridgeway, with the average rent for a one-bedroom apartment being around $1,070 per month. Groceries and utilities tend to be slightly more expensive than they are in other places due to the remote nature of the town. Despite this, overall living costs remain very reasonable for Ridgeway residents.