Cost of Living in Happy Valley, AK
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.9
100 = national avg
-7.1 vs national average
Living Wage (1 Adult)
$40,876
per year
Living Wage (Family of 4)
$96,616
per year
Cost Index by Category
Housing99.0
Food92.4
Transportation84.9
Healthcare93.9
Utilities95.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,000
per month
2 Bedroom
$1,312
per month
The overall cost of living index in Happy Valley is 92.9, which is 7.1% below the national average. Housing costs are below the national average at an index of 99.0. A single adult needs to earn approximately $40,876 per year to cover basic expenses.