Homer, AK, has a higher cost of living compared to the nationwide average. The cost of living index for Homer stands at 120, which is 20% higher than the national average of 100. This increase is driven by higher housing costs, which are 30% above the average, and transportation costs, which are 20% higher.
While groceries and utilities also exceed the national average, they do so by 15% and 10%, respectively. Healthcare and miscellaneous costs are slightly below the national average, with healthcare at 5% less and miscellaneous expenses at 25% higher. This data highlights the need for job seekers to consider these factors when planning their move to Homer, AK.
Homer, Alaska, has a higher cost of living compared to the nationwide average. The housing index in Homer is 130, which is 30% higher than the national average. This means that housing costs in Homer are significantly more than the average American city. Groceries in Homer also cost more, with an index of 115, which is 15% higher than the national average. This increase can impact the monthly budget for food.
Utilities in Homer are 10% higher than the national average, with an index of 110. Transportation costs are also elevated, at 120, which is 20% higher than the average. Healthcare costs in Homer are slightly lower, with an index of 105, which is 5% below the national average. Miscellaneous expenses, such as entertainment and personal care, are 25% higher, with an index of 125. These factors combined show that living in Homer, Alaska, involves higher expenses across most categories compared to the nationwide average.
