salaryRent is lower than in 77% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (75.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $47,080 a year. That is $23 an hour at a full-time job.
Is rent cheaper than other Alaska cities?
Yes. Rent here is cheaper than in most of Alaska. It is number 1 of 24 cities from cheapest to most expensive.
How much do households earn in Chena Ridge?
Share of households by yearly income. 52.2% of households earn $100,000 or more.
Rent by apartment size in Chena Ridge
| Size | Chena Ridge | U.S. average |
|---|---|---|
| Studio | $812 | $1,338 |
| 1 bedroom | $1,342 | $1,324 |
| 2 bedrooms | $1,220 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Chena Ridge overall?
Everyday prices in Alaska overall are 2% above the U.S. average (index 102.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Chena Ridge, so the Alaska figure is shown.
Taxes and bills in Chena Ridge
Life in Chena Ridge
Is it cheaper to rent or buy in Chena Ridge?
Renting is cheaper right now: about $1,567 a month less.
Owning assumes a typical $395,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $39,550 for the down payment.
Frequently asked questions
What is the average rent in Chena Ridge, AK?
Renting in Chena Ridge costs a median of about $1,177 a month in 2026, including utilities. The Alaska median is $1,651.
How much do I need to make to live in Chena Ridge?
To keep rent under 30% of income, you need about $47,080 a year, or $23 an hour at a full-time job.
Is Chena Ridge cheap or expensive?
Chena Ridge is rated Cheap: rent takes 9.8% of the typical household income of $144,276. It ranks 1st cheapest of 24 Alaska cities we track.
How much are property taxes in Chena Ridge?
The median homeowner in Chena Ridge pays $4,850 a year in property taxes, about 1.23% of the median home value.
Is Chena Ridge more expensive than the national average?
Overall prices in Alaska are 2% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Chena Ridge?
The median home value in Chena Ridge is $395,500, about 2.7 times the typical yearly household income.
5,881 people live in Chena Ridge. Numbers are typical (middle) values.