Living in Homer, Alaska
Cost of living, income, home prices, rent and demographics of Homer · Census data 2020–2024
Homer has 5,877 residents with a median age of 40. The median household income is $74,449 (20% lower than the Alaska median), the median home value is $388,400, the median rent is $1,238/month.
Homer at a glance
- Population
- 5,877
- Median age
- 40State: 35.8
- Median household income
- $74,449State: $92,788
- Median home value
- $388,400State: $352,900
- Median rent
- $1,238/moState: $1,419
- Homeowners
- 66%
- Bachelor's degree or higher
- 40.1%
- Average commute
- 12 min
Is Homer a good place to live?
Pros: An average commute of 12 minutes.
Cons: Median household income 20% lower than the Alaska median; home values 10% higher than the state median; unemployment of 8.7%; a poverty rate of 11.8%.
The weather is best in May to August.
Cost of living in Homer
Housing is the biggest part of the cost of living. In Homer the median home value is $388,400, 17% higher than the U.S. median. Renters pay a median of $1,238 per month, which is 31.3% of household income. Homeowners with a mortgage pay $2,119 a month in housing costs.
Homer median household income
The median household income in Homer is $74,449 and the income per person is $45,915. 11.8% of residents live below the poverty line (Alaska: 10.1%).
Housing in Homer: homes for sale and rent
- Housing units
- 3,071
- Owner-occupied
- 66%
- Renter-occupied
- 34%
- Vacant
- 16.9%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.23
Homer demographics
- Population
- 5,877
- Median age
- 40
- Under 18
- 19.8%
- 65 and older
- 22.1%
- Households
- 2,552
- Foreign-born
- 4.3%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Homer ›
Education in Homer
40.1% of adults 25 and older in Homer have a bachelor's degree or higher (Alaska: 31.7%), and 15.1% have a graduate or professional degree.
Jobs and commute in Homer
- Unemployment rate
- 8.7%State: 5.9%
- Average commute
- 12 minState: 19 min
- Work from home
- 11.2%
- Drive alone
- 62.1%
- Public transit
- 0.3%
- Walk to work
- 12.3%
- Homes with broadband
- 92.6%
Homer vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Homer | 5,877 | $74,449 | $388,400 | $1,238 |
| Kachemak | 805 | $76,750 | $450,000 | $1,185 |
| Diamond Ridge | 1,329 | $87,500 | $344,400 | $1,273 |
| Anchor Point | 2,243 | $63,000 | $241,600 | $1,120 |
| Halibut Cove | 167 | $87,981 | $234,100 | — |
| Fritz Creek | 2,383 | $89,531 | $344,100 | $1,125 |
| Seldovia Village | 213 | $76,875 | $205,000 | — |
| Nikolaevsk | 245 | $60,750 | $253,300 | — |
| Seldovia | 202 | $89,583 | $197,200 | $583 |
More for people moving to Homer
Homer ZIP code ›Weather and climate ›Living in Homer: FAQ
What is the median household income in Homer, AK?
The median household income in Homer is $74,449, 20% lower than the Alaska median of $92,788 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Homer?
The median home value in Homer is $388,400, compared with $352,900 in Alaska.
How much is rent in Homer?
The median gross rent in Homer is $1,238 per month, about 31.3% of household income.
Is Homer, AK a good place to live?
Pluses: an average commute of 12 minutes. Minuses: median household income 20% lower than the Alaska median; home values 10% higher than the state median; unemployment of 8.7%; a poverty rate of 11.8%.
What is the median age in Homer?
The median age in Homer is 40 years (Alaska: 35.8).
How long is the commute in Homer?
The average commute to work in Homer is 12 minutes; 11.2% of workers work from home.
What is the unemployment rate in Homer?
The unemployment rate in Homer is 8.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Homer?
40.1% of adults in Homer have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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