salaryRent is lower than in 52% of U.S. cities. A typical house costs about 3.7 years of household income. Commutes are long, about 38.7 minutes each way. Most homes (77.6%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $64,800 a year. That is $31 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 11 of 24 cities from cheapest to most expensive.
How much do households earn in Meadow Lakes?
Share of households by yearly income. 27.2% of households earn $100,000 or more.
Rent by apartment size in Meadow Lakes
| Size | Meadow Lakes | U.S. average |
|---|---|---|
| 1 bedroom | $927 | $1,324 |
| 2 bedrooms | $1,235 | $1,509 |
| 3 bedrooms | $2,097 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Meadow Lakes 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 Meadow Lakes, so the Alaska figure is shown.
Taxes and bills in Meadow Lakes
Life in Meadow Lakes
Is it cheaper to rent or buy in Meadow Lakes?
Renting is cheaper right now: about $622 a month less.
Owning assumes a typical $323,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,310 for the down payment.
Frequently asked questions
What is the average rent in Meadow Lakes, AK?
Renting in Meadow Lakes costs a median of about $1,620 a month in 2026, including utilities. The Alaska median is $1,651.
How much do I need to make to live in Meadow Lakes?
To keep rent under 30% of income, you need about $64,800 a year, or $31 an hour at a full-time job.
Is Meadow Lakes cheap or expensive?
Meadow Lakes is rated OK: rent takes 22.1% of the typical household income of $88,112. It ranks 11th cheapest of 24 Alaska cities we track.
How much are property taxes in Meadow Lakes?
The median homeowner in Meadow Lakes pays $3,523 a year in property taxes, about 1.09% of the median home value.
Is Meadow Lakes 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 Meadow Lakes?
The median home value in Meadow Lakes is $323,100, about 3.7 times the typical yearly household income.
8,689 people live in Meadow Lakes. Numbers are typical (middle) values.