Cost of living in Chena Ridge 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 Chena Ridge 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 Chena Ridge is 134, with 100 being the average.
The cost of living index in Chena Ridge is 1.3x higher than the national average.
Chena Ridge ranks as the #16 cheapest in Alaska out of 22.
Chena Ridge ranks as the #5,171 cheapest out of 6,489 in the US.
The median home value in Chena Ridge is $468,025.
The median income in Chena Ridge is $140,722.
According to the most recent data on the cost of living, Chena Ridge has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to Alaska, Chena Ridge has a cost of living index that's 1.0x higher than Alaska's index of 131.
The standard of living in Chena Ridge ranks as #16 most affordable out of the 22 places we measured in Alaska. By definition, that implies Chena Ridge ranks as the #6 most expensive place in the Last Frontier.
For more reading on life in Chena Ridge, check out:
Six factors go into calculating the cost of living index in Chena Ridge. Here is how it fairs on each of the criteria:
The Services index in Chena Ridge is 122.
The Groceries index in Chena Ridge is 125.
The Health index in Chena Ridge is 153.
The Housing index in Chena Ridge is 134.
The Transportation index in Chena Ridge is 108.
The Utilities index in Chena Ridge is 223.
| Living Expense | Chena Ridge | Alaska | National Average | |
|---|---|---|---|---|
| Overall | 134 | 131 | 100 | |
| Services | 122 | 120 | 100 | |
| Groceries | 125 | 123 | 100 | |
| Health | 153 | 150 | 100 | |
| Housing | 134 | 136 | 100 | |
| Transportation | 108 | 116 | 100 | |
| Utilities | 223 | 158 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in Chena Ridge is $468,025.
The Median Rent in Chena Ridge is $1,148.
The Median Income in Chena Ridge is $140,722.
The Home Value To Income in Chena Ridge is 3.3x.
The Rent To Monthly Income in Chena Ridge is 0.1x.
| Statistic | Chena Ridge | Alaska | United States |
|---|---|---|---|
| Median Home Value | $468,025 | $378,991 | $303,400 |
| Median Rent | $1,148 | $1,388 | $1,348 |
| Median Income | $140,722 | $89,336 | $78,538 |
| Home Value To Income | 3.3x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.1x | 0.19x | 0.21x |
| Item | Chena Ridge | Alaska |
|---|---|---|
| Shampoo | $1.35 | $1.28 |
| Movie | $16.17 | $12.13 |
| Bowling | $17.55 | $18 |
| Haircut | $32.06 | $24.26 |
| Beauty Salon | $51.33 | $45.56 |
| Item | Chena Ridge | Alaska |
|---|---|---|
| Ground Beef | $6.57 | $5.84 |
| Fried Chicken | $2.02 | $1.57 |
| Milk | $5.16 | $4.67 |
| Potatoes | $5.98 | $4.93 |
| Pizza | $13.49 | $12.09 |
| Beer | $13.88 | $10.41 |
| Toothpaste | $3.77 | $3.7 |
| Item | Chena Ridge | Alaska |
|---|---|---|
| Optometrist | $274.44 | $125.68 |
| Doctor | $243.27 | $135.78 |
| Dentist | $169.02 | $113.29 |
| Item | Chena Ridge | Alaska |
|---|---|---|
| Gasoline | $3.8 | $3.46 |
| Tire Balancing | $64.35 | $59.92 |
| Item | Chena Ridge | Alaska |
|---|---|---|
| All Electricity | $579.35 | $193.99 |
| Phone | $187.48 | $192.25 |
The cost of living varies in the cities and towns around Chena Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Fairbanks, AK has a cost of living index of 133, 1.0x Chena Ridge.
Badger, AK has a cost of living index of 137, 1.0x Chena Ridge.
College, AK has a cost of living index of 138, 1.0x Chena Ridge.
| City | Population | Cost Of Living | Vs. Chena Ridge |
|---|---|---|---|
| Fairbanks, AK | 32,242 | 133 | 1.0x |
| Badger, AK | 19,033 | 137 | 1.0x |
| College, AK | 11,730 | 138 | 1.0x |
| Steele Creek, AK | 5,861 | 136 | 1.0x |