Palmer, AK Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
118
Palmer's Overall Cost Of Living
1.2x
Higher Than The National Average
1 out of 22
In Alaska
4,687 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Palmer is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Palmer, AK?

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.

For more reading on life in Palmer, check out:

Palmer Cost Of Living Vs. Alaska

Living Expense Palmer Alaska National Average
Overall 118 127 100
Services 115 112 100
Groceries 128 134 100
Health 150 150 100
Housing 105 136 100
Transportation 112 121 100
Utilities 128 150 100
For more reading on cost of living around Alaska, check out:
Palmer Cost of Living Vs. AK

Palmer, AK Housing Cost Breakdown

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.

$215,500
Median Home Value
$974
Median Rent
$60,156
Median Income
Statistic Palmer Alaska United States
Median Home Value $215,500 $275,600 $229,800
Median Rent $974 $1,240 $1,096
Median Income $60,156 $77,790 $64,994
Home Value To Income 3.6x 3.5x 3.5x
Rent To Monthly Income 0.19x 0.19x 0.2x

Detailed Palmer Services Costs Vs. Alaska

Item Palmer Alaska
Shampoo $1.05 $1.06
Movie $12.27 $10.68
Bowling $17.03 $14.67

Detailed Palmer Groceries Costs Vs. Alaska

Item Palmer Alaska
Ground Beef $5.43 $4.22
Fried Chicken $1.71 $1.39
Milk $2.73 $2.05

Detailed Palmer Health Costs Vs. Alaska

Item Palmer Alaska
Haircut $23.5 $18.62
Beauty Salon $54.87 $39.05
Toothpaste $3.15 $2.34

Detailed Palmer Transportation Costs Vs. Alaska

Item Palmer Alaska
Potatoes $4.46 $3.29
Pizza $11.8 $10.62
Beer $10.49 $9.38
Optometrist $219.89 $108.57
Doctor $206.08 $116.17
Dentist $147.12 $99.13

Detailed Palmer Utilities Costs Vs. Alaska

Item Palmer Alaska
Gasoline $2.59 $2.22
Tire Balancing $48.67 $50.07
All Electricity $247.3 $167.67
Phone $184.26 $175.64

Palmer SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
6
Diversity
8.5
Safety
7
Amenities
8
Education
8
Commute
6

Cost Of Living In Cities Around Palmer

City Population Cost Of Living Vs. Palmer
Knik-Fairview, AK 17,682 124 1.1x
Wasilla, AK 10,469 121 1.0x
Tanaina, AK 10,449 123 1.0x
Meadow Lakes, AK 8,307 120 1.0x
Gateway, AK 5,965 127 1.1x

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