Affordable

What Salary Do You Need to Live in Nome?

To afford a 2-bedroom in Nome, you need to earn at least $78,360/year based on estimated fair market rent data. The median household income here is $103,542, which means the typical resident is $25,182 above the threshold.

Census ACS Data Pop. 3,710

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,371	$4,570	$54,840	$-48,702
1 Bedroom	$1,626	$5,420	$65,040	$-38,502
2 Bedroom BENCHMARK	$1,959	$6,530	$78,360	$-25,182
3 Bedroom	$2,390	$7,967	$95,600	$-7,942
4 Bedroom	$2,939	$9,797	$117,560	+$14,018

Affordability Breakdown

Where the required salary line crosses above Nome's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$103,542

Annual household

2BR Required Salary

$78,360

Under 30% rule

Income Gap

+$25,182

Surplus

Verdict

Affordable

Ratio: 22.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Nome

Your Annual Salary

Pre-filled with Nome's median household income

Max monthly rent you can afford$2,589

Studio

$1,371/mo

1 BR

$1,626/mo

2 BR

$1,959/mo

3 BR

$2,390/mo

4 BR

$2,939/mo

Your salary is $0 above the median income in Nome.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Nome's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Nome

Nome, Alaska stands out as one of the more financially accessible housing markets in the state. The median household income of $103,542 significantly exceeds the $78,360 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $25,182 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Nome, a studio at $1,371/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,390/month remains accessible for dual-income households earning above $95,600.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $117,540 would position you well — though many residents in Nome manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Nome, Alaska.

With a total population of 3,710, the city supports an active civilian workforce of 1,834 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $78,360 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

1,834

Active civilian employees in Nome

Frequently Asked Questions About Renting in Nome

What salary do I need to live in Nome, Alaska?

To afford a 2-bedroom in Nome under the 30% rule, you need an annual salary of at least $78,360. The median household income in Nome is $103,542.

Can I afford a 2-bedroom in Nome on $103,542?

The affordability verdict for Nome is "Affordable". The rent-to-income ratio is 22.7%, meaning median earners have a $25,182 surplus.

What is the average rent in Nome compared to median income?

The median gross rent in Nome is $1,626/month. With a median household income of $103,542, residents spend approximately 22.7% of their income on rent.

What salary do I need for a studio in Nome?

A studio in Nome rents for approximately $1,371/month. Under the 30% rule, you need an annual salary of $54,840 to afford this.

Is Nome considered an affordable place to live?

Based on the surplus of $25,182 and an affordability verdict of "Affordable", Nome is considered a affordable rental market when comparing the required 2-bedroom salary of $78,360 to the local median household income.

How Nome Compares

Other cities in Alaska with salary requirements