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Cost of Living in Ketchikan Gateway Borough

Is it better to rent or buy in Ketchikan Gateway Borough? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$77,522
$1,409/mo

Median in area: $1,409

$308,865

Median in area: $308,865

$61,773

If you Rent

$1,580 /mo
Base Rent$1,409
Est. Utilities$171
% of Income24.5%
Pre-tax Residual$4,880

If you Buy

$2,225 /mo
P&I (6.933%)$1,633
Taxes & Ins$421
Est. Utilities$171
% of Income34.4%
Pre-tax Residual$4,235

Cost of Living FAQs

Is it cheaper to rent or buy in Ketchikan Gateway Borough?›

Based on median housing data, renting is currently more affordable on a monthly basis in Ketchikan Gateway Borough. The estimated all-in monthly cost for renting is $1,580, while owning a median-priced home with a 20% down payment is roughly $2,225 per month (a difference of $645).

How much do utilities cost in Ketchikan Gateway Borough?›

The average monthly utility cost (electricity and natural gas) for a typical home in Ketchikan Gateway Borough is approximately $171. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Ketchikan Gateway Borough?›

To comfortably afford the median rent and utilities in Ketchikan Gateway Borough without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $63,200 per year.