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Alaska

Cost of living in Kenai Peninsula Borough, AK

Estimated monthly cost
$2,882/mo
for a single person, all categories combined

Population 59,843 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $949 33%
Federal tax $570 20%
Healthcare $480 17%
Groceries $368 13%
Transport $250 9%
Energy $205 7%
Water $60 2%
State tax $0 0%

Rent in Kenai Peninsula Borough

Fair Market Rents by bedroom count.

Studio
$943
per month
1 bedroom
$949
per month
2 bedroom
$1,245
per month
3 bedroom
$1,745
per month
4 bedroom
$2,091
per month

Source: HUD FMR FY2025

Income and earnings in Kenai Peninsula Borough

Annual earnings figures from the Census ACS.

Household income
$77,722
per year
Individual earnings
$44,920
per year
Per capita
$42,899
per year

Source: ACS 2019-2023 5-Year.

Home values in Kenai Peninsula Borough

Average values reported by homeowners.

Average home value
$297,500
Annual property tax
$1,974

Source: ACS 2019-2023 5-Year

Energy costs in Kenai Peninsula Borough

Estimated monthly electricity and gas costs.

Electricity
$139
per month · 24.4¢/kWh
Natural gas
$66
per month
Annual total
$2,460
per year

Source: EIA

Healthcare in Kenai Peninsula Borough

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
11.7%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Kenai Peninsula Borough

State and local tax rates for Alaska.

No state income tax
Alaska does not levy a personal income tax.
State sales tax
0.0%
Combined sales tax
1.8%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Kenai Peninsula Borough

Commute patterns and estimated costs.

Average commute
20.4 min
Drive alone
66.8%
Public transit
0.3%
Work from home
9.4%

Source: ACS

Monthly cost estimates for Kenai Peninsula Borough

What it costs to live in Kenai Peninsula Borough each month.

Single person
$2,882
per month
  • Rent $949
  • Energy $205
  • Water $60
  • Groceries $368
  • Transport $250
  • Healthcare $480
  • Federal tax $570
  • State tax $0
Couple
$4,327
per month
  • Rent $1,245
  • Energy $246
  • Water $70
  • Groceries $610
  • Transport $350
  • Healthcare $864
  • Federal tax $942
  • State tax $0
Family
$7,005
per month
  • Rent $1,745
  • Energy $308
  • Water $85
  • Groceries $925
  • Transport $450
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $942
  • State tax $0

Frequently asked questions about Kenai Peninsula Borough

Common questions about cost of living, rent and salary.

What is the average rent in Kenai Peninsula Borough?

In Kenai Peninsula Borough, AK, a one-bedroom apartment averages $949 per month, a two-bedroom averages $1,245 per month, a three-bedroom averages $1,745 per month, according to HUD Fair Market Rent data.

What is the average salary in Kenai Peninsula Borough?

In Kenai Peninsula Borough, AK, the average household income is $77,722 per year and individual earnings for full-time workers average $44,920 per year, according to U.S. Census Bureau data.

What is the cost of living in Kenai Peninsula Borough?

The estimated cost of living in Kenai Peninsula Borough, AK is approximately $2,882 per month for a single person, $4,327 for a couple, $7,005 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Kenai Peninsula Borough?

The combined sales tax rate in Kenai Peninsula Borough, AK is 1.82%, which includes the Alaska state rate of 0.00% plus an average local rate of 1.82%.

Is Kenai Peninsula Borough an affordable place to live?

Based on the data, a single person in Kenai Peninsula Borough, AK would need approximately $2,882 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $77,722 per year ($6,477 per month). Kenai Peninsula Borough is relatively affordable compared to the national average.

How much does healthcare cost in Kenai Peninsula Borough?

The ACA marketplace benchmark premium in Kenai Peninsula Borough, AK is approximately $480 per month for an individual. Approximately 11.7% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Kenai Peninsula Borough?

The average home value in Kenai Peninsula Borough, AK is $297,500, with average annual property taxes of $1,974, according to U.S. Census Bureau data.

How does Kenai Peninsula Borough compare to other areas?

You can compare Kenai Peninsula Borough, AK with any other US county using our comparison tool at /compare. Kenai Peninsula Borough is in Alaska.

Other counties in Alaska

Browse the full list of counties in Alaska, ranked by cost of living.

See all counties in Alaska

Compare Kenai Peninsula Borough with another area

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About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources