Key Economic Benchmarks
Median Household Income
$78,681$6,557 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Nome Census Area, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Nome Census Area, AK
Official FY2026 HUD Fair Market Rents for Nome Census Area, 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 | $1,227 | $14,724 | $49,080 | 18.7% |
| 1-Bedroom Apartment | $1,334 | $16,008 | $53,360 | 20.3% |
| 2-Bedroom ApartmentBenchmark | $1,533 | $18,396 | $61,320 | 23.4% |
| 3-Bedroom Home | $2,132 | $25,584 | $85,280 | 32.5% |
| 4-Bedroom Home | $2,525 | $30,300 | $101,000 | 38.5% |
50/30/20 Living Budget in Nome Census Area, AK
Based on the local median household income of $78,681/year ($6,557/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 Nome Census Area, AK
What is the median household income in Nome Census Area, AK?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Nome Census Area, AK is $78,681 per year (approximately $6,557 per month).
What is the average rent in Nome Census Area, AK?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Nome Census Area, AK are $1,227 for a studio, $1,334 for 1 bedroom, $1,533 for 2 bedrooms, $2,132 for 3 bedrooms, and $2,525 for 4 bedrooms.
How does the cost of living in Nome Census Area, AK compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Nome Census Area, 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 Nome Census Area, AK?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,533/month) in Nome Census Area, AK requires a minimum gross household income of $61,320 per year ($5,110 per month).
What is a balanced 50/30/20 monthly budget in Nome Census Area, AK?
For a typical household earning the median income of $78,681/year ($6,557/month) in Nome Census Area, AK, a balanced 50/30/20 budget allocates $3,278/month to essential needs (rent, utilities, groceries), $1,967/month to discretionary spending, and $1,311/month to savings and debt repayment.
What are typical electricity and utility costs in Nome Census Area, 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.