Cost of Living in Kodiak Island Borough, AK

How far does a $70,000 salary go in Kodiak Island Borough? Estimated income taxes on that gross salary total approximately $7,241 per year — Alaska levies no state income tax, so that figure covers federal tax only. Subtract rent for a 2-bedroom apartment ($2,075/month based on HUD Fair Market Rents for the Kodiak Island Borough metro area) and the estimated annual take-home is $37,859, or roughly $3,155 per month for everything else: food, transportation, savings, and discretionary spending.

At a $70,000 salary, the estimated 2-bedroom rent in Kodiak Island Borough represents approximately 36% of gross income. That exceeds the conventional 30% guideline, meaning housing takes a significant share of the budget at this income level. Alaska's zero income tax helps offset the rent burden compared to otherwise similar cities that also levy state income tax.