Key Economic Benchmarks
Median Household Income
$80,538$6,712 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Kenai Peninsula Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Kenai Peninsula Borough, AK
Official FY2026 HUD Fair Market Rents for Kenai Peninsula Borough, AK. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $993 | $11,916 | $39,720 | 14.8% |
| 1-Bedroom Apartment | $1,000 | $12,000 | $40,000 | 14.9% |
| 2-Bedroom ApartmentBenchmark | $1,312 | $15,744 | $52,480 | 19.5% |
| 3-Bedroom Home | $1,825 | $21,900 | $73,000 | 27.2% |
| 4-Bedroom Home | $2,201 | $26,412 | $88,040 | 32.8% |
See dedicated rental breakdown for Kenai Peninsula Borough, AK →
50/30/20 Living Budget in Kenai Peninsula Borough, AK
Based on the local median household income of $80,538/year ($6,712/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Alaska
Explore net income after federal income tax, FICA, and Alaska state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Alaska with official federal datasets:
Frequently Asked Questions About Living in Kenai Peninsula Borough, AK
What is the median household income in Kenai Peninsula Borough, AK?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Kenai Peninsula Borough, AK is $80,538 per year (approximately $6,712 per month).
What is the average rent in Kenai Peninsula Borough, AK?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Kenai Peninsula Borough, AK are $993 for a studio, $1,000 for 1 bedroom, $1,312 for 2 bedrooms, $1,825 for 3 bedrooms, and $2,201 for 4 bedrooms.
How does the cost of living in Kenai Peninsula Borough, AK compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Kenai Peninsula Borough, AK is 102.4 (2.4% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Kenai Peninsula Borough, AK?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,312/month) in Kenai Peninsula Borough, AK requires a minimum gross household income of $52,480 per year ($4,373 per month).
What is a balanced 50/30/20 monthly budget in Kenai Peninsula Borough, AK?
For a typical household earning the median income of $80,538/year ($6,712/month) in Kenai Peninsula Borough, AK, a balanced 50/30/20 budget allocates $3,356/month to essential needs (rent, utilities, groceries), $2,013/month to discretionary spending, and $1,342/month to savings and debt repayment.
What are typical electricity and utility costs in Kenai Peninsula Borough, AK?
Residential electricity rates in Alaska average 28.2¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $254 per month.