Everything you need to know about owning a house in
Alaska
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Details about Alaska
Alaska is abundant in natural resources, including oil, gas, minerals, and fish. Resource extraction plays a significant role in the state’s economy.
Given its vast size and remote location, self-reliance and community cooperation are valued traits in Alaskan culture. Many residents are skilled in wilderness survival and subsistence activities.
Tourism is an essential industry in Alaska, attracting visitors from around the world who come to experience the state’s natural beauty, wildlife, and outdoor adventures
Alaskans often exhibit a resilient and adventurous spirit, overcoming challenges presented by the environment and embracing a rugged lifestyle.
Alaska is known in real estate for being one of the lower-cost states. For instance, the median price of a home in Alaska is approximately $336,100. This is lower than the average cost of a home in a state like California, which is roughly $799,000.
State highlights
Alaska has a rich history dating back thousands of years with indigenous peoples inhabiting the region long before European exploration. In 1867, the United States purchased Alaska from Russia in what is known as the Alaska Purchase.
Alaska is home to numerous indigenous cultures, including the Alaska Natives, who have diverse languages, traditions, and art forms.
Geographic location
Alaska is the largest state in the United States by area, spanning over 663,300 square miles. It is situated in the northwest extremity of North America, separated from the contiguous United States by Canada.
Climate
Alaska has a diverse climate, ranging from temperate and rainy in the southeast to subarctic and Arctic climates in the interior and northern regions. Winters can be long, dark, and frigid, while summers are relatively short but can bring extended daylight, known as the ’midnight sun.’
Demography
Juneau is the capital of Alaska. Interestingly, it is the only U.S. state capital that is not accessible by road; it can only be reached by air or sea. Besides Juneau, some of the other major cities in Alaska include Anchorage (the largest city), Fairbanks, and Sitka.
The state of Alaska is one of the lowest population densities in the United States due to its vast land area. As of 2022, according with the U.S Census Bureau it had an estimated population of 733,583 people.
The state is diverse, with a significant mix of racial and ethnic groups. The largest racial group in Alaska is culturally diverse, with a mix of various ethnic groups. Such as White Americans, followed by Alaska Natives and American Indians. The Alaska Native population includes groups like the Inupiat, Yupik, Aleut, Tlingit, Haida, and other ethnicities.
Alaska has a slightly lower median age than the rest of the U.S., at around 33.9 years old compared to the national average of 38.5.
Cost of Living
The cost of living is reported to be low in Alaska State. It has a median home price of about $336,100, which is lower than the median price in many other major US cities. The median household income in Alaska is typically lower than the national average. The average median income of the state is approximately $67,010.
Housing costs are one of the significant factors driving up the overall cost of living in Alaska. In urban areas like Anchorage, Fairbanks, and Juneau, housing prices can be relatively high, especially for renting or purchasing property.
Due to Alaska’s colder climate, heating and energy costs can be substantial, particularly during the long winter months. The cost of electricity and other utilities may be higher compared to more temperate regions.
Alaska is known for its unique tax structure. The state does not have a state income tax or sales tax, but it does have property taxes, which can vary depending on the local jurisdiction.
It’s important to note that the cost of living can vary significantly depending on the specific city or region within Alaska. Larger urban areas like Anchorage may have a higher cost of living compared to more rural and remote communities.
The average salary in the state of Alaska is approximately $63,755 per year.
Transportation
Although Alaska has a sizable road system, it is not linked to the rest of the North American road network. Alaska is connected to the rest of the contiguous United States employing Canada via the Alaska Highway (Alcan Highway). Major thoroughfares in Alaska include the Richardson Highway (Anchorage to Valdez), the Seward Highway (Anchorage to Seward), and the George Parks Highway (connecting Anchorage and Fairbanks).
Air travel is necessary for establishing connections between isolated villages and for gaining access to various areas of the state due to the great distances and difficult terrain. Alaska has many airports, with important hubs in Juneau, Fairbanks, and Anchorage. Scheduled and charter flights are provided by airlines to a variety of locations.
Alaska has a long coastline and many rivers, and marine transportation is essential. A vital lifeline for locals and visitors, the Alaska Marine Highway System runs ferries that connect coastal communities and some remote places.
Also, it has few rail options. The main rail line that connects Anchorage, Fairbanks, and other settlements is the Alaska Railroad. Additionally, it is a well-liked tourist destination that provides magnificent rail journeys.
Bush Aircrafts, Bush planes and smaller aircraft play a crucial role in the transportation of people, commodities, and supplies in many isolated locations, particularly in the Arctic and portions of the Interior. They act as lifelines for remote populations without access to roads.
Snowmobiles, dog sleds, and other specialized vehicles become crucial for movement in some areas during the winter when many areas are covered in snow and ice.
Anchorage’s port is a significant seaport for handling incoming shipments of freight and merchandise. Promoting trade and commerce is essential in assisting the state’s economy.
The rough and inaccessible terrain of Alaska creates particular transportation difficulties. Extreme weather, difficult terrain, and great distances can make transportation expensive and logistically challenging.
Schools
Alaska is home to schools including elementary, middle, and high schools, and universities. The following list is some of the best universities in the state.
University of Alaska Anchorage (UAA): Located in Anchorage, UAA is the largest university in Alaska and offers a wide range of undergraduate and graduate programs.
University of Alaska Fairbanks (UAF): Situated in Fairbanks, UAF is known for its research programs, particularly in Arctic studies and natural sciences.
University of Alaska Southeast (UAS): With campuses in Juneau, Ketchikan, and Sitka, UAS provides higher education opportunities to Southeast Alaska residents.
Alaska Pacific University (APU): A private university located in Anchorage, APU focuses on outdoor studies, environmental science, and liberal arts.
Community Colleges: Alaska has community colleges that offer two-year associate degree programs and vocational training. These colleges serve as accessible and affordable options for higher education and workforce development.
Native Education: Alaska has unique programs and initiatives focused on Native education and preserving indigenous languages and cultural traditions.
Accreditation: Many of Alaska’s educational institutions are accredited by regional accrediting bodies, ensuring that they meet academic standards and provide quality education.
What is the state like?
Alaska is renowned for its stunning natural landscapes, including mountains, glaciers, forests, and rivers. Notable landmarks include Denali (also known as Mount McKinley), the highest peak in North America, and the many expansive glaciers found throughout the state.
The state is home to diverse wildlife, including bears (grizzly and black bears), moose, caribou, wolves, and various marine species such as whales, seals, and otters.
Alaska is home to numerous indigenous cultures, including the Alaska Natives, who have diverse languages, traditions, and art forms.
The following counties are available for Alaska:
Kitchen Remodeling Cost in Alaska
Large home sizes$41,884
This is the estimated cost for a large home size of 2,660 square feet
Average home sizes$28,478
The estimated cost for a typical home of 2,008 square feet, which is 26.5% less than the country average
Small home sizes$16,201
Estimated cost for a small (and cozy) home of 1,433 square feet
Top Ranking Contractors in Alaska
Alaska Treeline Inc

- General Contractors
- $5,001 - $20,000 average range
- 26 years in business
Alaska Treeline Inc

- Others
- $5,001 - $20,000 average range
- 26 years in business
Taylored Restoration Services

- General Contractors
- $20,001 - $50,000 average range
- 53 years in business
Taylored Restoration Services

- Others
- $20,001 - $50,000 average range
- 53 years in business
Henry's Services Inc

- General Contractors
- $5,001 - $20,000 average range
- 12 years in business
Willow Ridge Construction Co

- General Contractors
- $100,001 - $250,000 average range
- 18 years in business
Willow Ridge Construction Co

- Home Builders
- $100,001 - $250,000 average range
- 18 years in business
Taylor Fire Protection Services

- Others
- $0 - $5,000 average range
- 22 years in business
Klebs Mechancial Inc

- HVAC Contractors
- $20,001 - $50,000 average range
- 39 years in business