Juneau, Alaska Cost Of Living

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$108,387$9,032$2,529$3,252Renters$58,435$4,870$1,363$1,753

The affordability of the housing market in Juneau, AK as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Juneau homeowners, the median income is $108,387. This indicates that a monthly maximum of $2,529 should be spent by homeowners on all housing related costs. Renters have a median income of $58,435. This indicates that renters would have a maximum of $1,363 for their rent related monthly costs.