According to the most recent data on the cost of living, Palmer has an overall cost of living index of 118 which is 1.2x higher than the national index of 100.
Compared to only Alaska, Palmer has a cost of living index that's 0.9x lower than Alaska's index of 127.
The standard of living in Palmer ranks as #4,689 most affordable out of the 6,418 places we measured in Alaska. By definition, that implies Palmer ranks as the #1,729 most expensive place in the Last Frontier.
|Living Expense||Palmer||Alaska||National Average|
Housing swings affordability the most between places in Alaska, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|Median Home Value||$215,500||$275,600||$229,800|
|Home Value To Income||3.6x||3.5x||3.5x|
|Rent To Monthly Income||0.19x||0.19x||0.2x|
|City||Population||Cost Of Living||Vs. Palmer|
|Meadow Lakes, AK||8,307||120||1.0x|