Homer, AK, has a higher cost of living compared to the nationwide average, with an index of 115. This means that living expenses in Homer are 15% higher than the average. The housing index stands at 124, making it the most expensive category, while healthcare is the least expensive at 95.
Overall, the cost of living in Homer, AK, exceeds the national average by 15%. This increase is driven by higher housing and transportation costs, while groceries and miscellaneous expenses also contribute to the elevated index.
The cost of living in Homer, Alaska, shows some significant differences compared to the nationwide average, which is set at 100. Housing costs in Homer are notably higher, with an index of 124. This means that housing expenses are 24% more expensive than the average cost across the country. For job seekers considering a move, this could be a major factor in their budget planning.
In addition to housing, transportation costs in Homer are also above the national average, with an index of 125. This indicates that transportation costs are 25% higher than the nationwide average. Groceries, utilities, and miscellaneous expenses also exceed the average, with indices of 115, 107, and 110, respectively. These figures suggest that living in Homer involves higher spending in several key areas. However, healthcare costs are slightly below the national average, with an index of 95, offering some relief in this category.
