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Chignik Lake

Learn about the people, housing, costs and businesses in Chignik Lake, Alaska

Median Home$237,500
Median Rent$936/month
Population42
Leading IndustryWholesale Trade10% of local workforce
Retirees25% of residentsabove average nationally
Homeowners64% of occupied units
NotableTransit79/100 · excellent transit access
Chignik Lake
AK

Frequently Asked Questions

What are today's mortgage rates in Chignik Lake?

As of today, the 30-year fixed mortgage rate for Chignik Lake is approximately 6.949% (6.990% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chignik Lake?

The median home value in Chignik Lake is $238k. The median monthly rent is $936. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Chignik Lake?

Based on a typical all-in ownership cost of $720/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chignik Lake is $66k/year.

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What industries drive the economy in Chignik Lake?

The largest employment sectors in Chignik Lake are public administration (17%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.