What is the cost of living in Homer, AK?
According to the most recent data on the cost of living, Homer has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to Alaska, Homer has a cost of living index that's 1.1x higher than Alaska's index of 122.
The standard of living in Homer ranks as #16 most affordable out of the 22 places we measured in Alaska. By definition, that implies Homer ranks as the #6 most expensive place in the Last Frontier.
For more reading on life in Homer, check out:
Homer Cost Of Living Vs. Alaska
Six factors go into calculating the cost of living index in Homer. Here is how it fares on each of the criteria:
The Services index in Homer is 125.
The Groceries index in Homer is 112.
The Health index in Homer is 147.
The Housing index in Homer is 114.
The Transportation index in Homer is 127.
The Utilities index in Homer is 120.
| Living Expense | Homer | Alaska | National Average |
|---|---|---|---|
| Overall | 129 | 122 | 100 |
| Services | 125 | 117 | 100 |
| Groceries | 112 | 112 | 100 |
| Health | 147 | 137 | 100 |
| Housing | 114 | 113 | 100 |
| Transportation | 127 | 125 | 100 |
| Utilities | 120 | 116 | 100 |
Homer Cost Of Living Compared To Alaska Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Alaska, check out:
Protect your home budget Compare home warranties in Homer Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Homer, AK Housing Cost Breakdown
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 2020-2024. The key points are:
The Median Home Value in Homer is $415,049.
The Median Rent in Homer is $1,238.
The Median Income in Homer is $74,449.
The Home Value To Income in Homer is 5.6x.
The Rent To Monthly Income in Homer is 0.2x.
