Housing costs in Palmer?
A typical home costs
$344,200, which is 1.8% more expensive than the national average of
$338,100 and 2.4% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Palmer costs
$1,130 per month, which is 16.3% cheaper than the national average of
$1,350 and 15.0% cheaper than the state average of
$1,300.
Can I afford Palmer?
To live comfortably in Palmer (zip 99645), Alaska, a minimum annual income of
$65,880 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Palmer?
The cost of living in 99645 Palmer, AK is quite high compared to the national average. The median household income of $64,631 is significantly higher than the U.S. median household income of $60,336 in 2019. Housing costs are also much higher than average with a median house value of $214,800 which is nearly double the U.S. median house value of $229,700 in 2020. Food prices are higher as well due to the lack of options within a short distance from Palmer and transportation costs are higher due to limited public transportation options. Overall, living in 99645 Palmer, AK can be expensive but it offers a great quality of life with access to outdoor activities and vibrant local culture