States › Alaska › Steele Creek

Is Steele Creek, AK expensive to live in?

CheapRent takes 12 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,29726% lower than U.S. average
💵 Families earn per year (2026)$130,891about $10,908/month · 50% higher than U.S. average
🔑 House price$348,4005% higher than U.S. average

Rent is lower than in 69% 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 (89.7%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $51,880 a year. That is $25 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 4 of 24 cities from cheapest to most expensive.

Steele Creek
$1,297
Chena Ridge
$1,177
Homer
$1,273
Fishhook
$1,948
South Lakes
$1,285
Palmer
$1,488
Bethel
$1,819

How much do households earn in Steele Creek?

Under $25k
5.6%
$25k–50k
11.5%
$50k–100k
34.6%
$100k–150k
34.3%
$150k+
14.1%

Share of households by yearly income. 48.4% of households earn $100,000 or more.

How expensive is Steele Creek overall?

Everyday prices in Alaska overall are 2% above the U.S. average (index 102.4, U.S. = 100).

Housing
94
Goods (food, clothes…)
106
Utilities
119
Other services
102
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Steele Creek, so the Alaska figure is shown.

Taxes and bills in Steele Creek

🏛️ Property tax$4,156a year · 1.19% of home value · U.S. $3,119
⚡ Electric bill$230a month (typical) · U.S. $156

Life in Steele Creek

Commute to work27.7 minU.S.: 26.4 min
College degree35.3%U.S.: 35.7%
Own their home89.7%U.S.: 65.2%
Below poverty line3.3%U.S.: 12.5%
Unemployment0.5%U.S.: 5.2%

Is it cheaper to rent or buy in Steele Creek?

Renting is cheaper right now: about $1,120 a month less.

Renting
$1,297
Owning
$2,417

Owning assumes a typical $348,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,840 for the down payment.

Frequently asked questions

What is the average rent in Steele Creek, AK?

Renting in Steele Creek costs a median of about $1,297 a month in 2026, including utilities. The Alaska median is $1,651.

How much do I need to make to live in Steele Creek?

To keep rent under 30% of income, you need about $51,880 a year, or $25 an hour at a full-time job.

Is Steele Creek cheap or expensive?

Steele Creek is rated Cheap: rent takes 11.9% of the typical household income of $130,891. It ranks 4th cheapest of 24 Alaska cities we track.

How much are property taxes in Steele Creek?

The median homeowner in Steele Creek pays $4,156 a year in property taxes, about 1.19% of the median home value.

Is Steele Creek 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 Steele Creek?

The median home value in Steele Creek is $348,400, about 2.7 times the typical yearly household income.

5,928 people live in Steele Creek. Numbers are typical (middle) values.