Cost of Living in Homer, AK
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
125.0
100 = national avg
+25.0 vs national average
Living Wage (1 Adult)
$54,979
per year
Living Wage (Family of 4)
$129,950
per year
Cost Index by Category
Housing152.2
Food106.3
Transportation112.7
Healthcare105.1
Utilities114.2
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 Homer is 125.0, which is 25.0% above the national average. Housing costs are above the national average at an index of 152.2. A single adult needs to earn approximately $54,979 per year to cover basic expenses.