Key Economic Benchmarks
Median Household Income
$86,250$7,188 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Kodiak Island Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Kodiak Island Borough, AK
Official FY2026 HUD Fair Market Rents for Kodiak Island 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 | $1,431 | $17,172 | $57,240 | 19.9% |
| 1-Bedroom Apartment | $1,581 | $18,972 | $63,240 | 22% |
| 2-Bedroom ApartmentBenchmark | $2,075 | $24,900 | $83,000 | 28.9% |
| 3-Bedroom Home | $2,488 | $29,856 | $99,520 | 34.6% |
| 4-Bedroom Home | $2,747 | $32,964 | $109,880 | 38.2% |
See dedicated rental breakdown for Kodiak Island Borough, AK →
50/30/20 Living Budget in Kodiak Island Borough, AK
Based on the local median household income of $86,250/year ($7,188/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 Kodiak Island Borough, AK
What is the median household income in Kodiak Island Borough, AK?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Kodiak Island Borough, AK is $86,250 per year (approximately $7,188 per month).
What is the average rent in Kodiak Island Borough, AK?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Kodiak Island Borough, AK are $1,431 for a studio, $1,581 for 1 bedroom, $2,075 for 2 bedrooms, $2,488 for 3 bedrooms, and $2,747 for 4 bedrooms.
How does the cost of living in Kodiak Island Borough, AK compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Kodiak Island 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 Kodiak Island Borough, AK?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($2,075/month) in Kodiak Island Borough, AK requires a minimum gross household income of $83,000 per year ($6,917 per month).
What is a balanced 50/30/20 monthly budget in Kodiak Island Borough, AK?
For a typical household earning the median income of $86,250/year ($7,188/month) in Kodiak Island Borough, AK, a balanced 50/30/20 budget allocates $3,594/month to essential needs (rent, utilities, groceries), $2,156/month to discretionary spending, and $1,438/month to savings and debt repayment.
What are typical electricity and utility costs in Kodiak Island 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.