Kenai Peninsula Borough, AK at a glance
Median household income
$80,538$6,712 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Kenai Peninsula Borough, AK?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Kenai Peninsula Borough, AK? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Kenai Peninsula Borough, AK, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $993 | $11,916 | $39,720 | 14.8% |
| 1-Bedroom Apartment | $1,000 | $12,000 | $40,000 | 14.9% |
| 2-Bedroom ApartmentBenchmark | $1,312 | $15,744 | $52,480 | 19.5% |
| 3-Bedroom Home | $1,825 | $21,900 | $73,000 | 27.2% |
| 4-Bedroom Home | $2,201 | $26,412 | $88,040 | 32.8% |
Rent in Kenai Peninsula Borough, AK, with the wage each unit needs →
What a typical income covers in Kenai Peninsula Borough, AK
The 50/30/20 rule applied to the local median of $80,538 a year ($6,712 a month before tax).
What $80,538 leaves after Alaska taxes
Federal income tax, Social Security, Medicare and Alaska tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Alaska
Living in Kenai Peninsula Borough, AK: common questions
What is the median household income in Kenai Peninsula Borough, AK?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Kenai Peninsula Borough, AK is $80,538 per year (approximately $6,712 per month).
What is the average rent in Kenai Peninsula Borough, AK?
The closest official figure is HUD's Fair Market Rent for 2026: $993 for a studio, $1,000 for one bedroom, $1,312 for two, $1,825 for three and $2,201 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Kenai Peninsula Borough, AK expensive to live in?
Prices there run 2.4% above the U.S. average. BEA's regional price parity for Alaska is 102.4, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Kenai Peninsula Borough, AK?
To keep a $1,312 two-bedroom under 30% of gross income, a household needs about $52,480 a year, or $4,373 a month. That is 65% of what the typical household in Kenai Peninsula Borough, AK earns.
How much do you need to live comfortably in Kenai Peninsula Borough, AK?
On the local median income of $80,538 ($6,712 a month before tax), the 50/30/20 rule leaves $3,356 a month for needs like rent, utilities and groceries, $2,013 for everything else and $1,342 for savings or debt. A two-bedroom at $1,312 takes 39% of the needs share.
How much is the electric bill in Kenai Peninsula Borough, AK?
Homes in Alaska paid 28.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $254. Your bill depends mostly on heating and cooling.