Living in Knik River, Alaska
Cost of living, income, home prices, rent and demographics of Knik River · Census data 2020–2024
Knik River has 883 residents with a median age of 40.5. The median household income is $109,464 (18% higher than the Alaska median), the median home value is $304,400, the median rent is $1,375/month.
Knik River is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Knik River at a glance
- Population
- 883
- Median age
- 40.5State: 35.8
- Median household income
- $109,464State: $92,788
- Median home value
- $304,400State: $352,900
- Median rent
- $1,375/moState: $1,419
- Homeowners
- 89.2%
- Bachelor's degree or higher
- 28.7%
- Average commute
- 36 min
Is Knik River a good place to live?
Pros: Median household income 18% higher than the Alaska median; home values 14% lower than the state median; unemployment of 0.8%; a poverty rate of 6.3%.
Cons: An average commute of 36 minutes.
The weather is best in May to August.
Cost of living in Knik River
Housing is the biggest part of the cost of living. In Knik River the median home value is $304,400, 9% lower than the U.S. median. Renters pay a median of $1,375 per month, which is 17.5% of household income. Homeowners with a mortgage pay $2,172 a month in housing costs.
Knik River median household income
The median household income in Knik River is $109,464 and the income per person is $47,441. 6.3% of residents live below the poverty line (Alaska: 10.1%).
Housing in Knik River: homes for sale and rent
- Housing units
- 359
- Owner-occupied
- 89.2%
- Renter-occupied
- 10.8%
- Vacant
- 12.3%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.80
Knik River demographics
- Population
- 883
- Median age
- 40.5
- Under 18
- 20.2%
- 65 and older
- 16.6%
- Households
- 315
- Foreign-born
- 5%
- Veterans
- 11.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Knik River ›
Education in Knik River
28.7% of adults 25 and older in Knik River have a bachelor's degree or higher (Alaska: 31.7%), and 4.2% have a graduate or professional degree.
Jobs and commute in Knik River
- Unemployment rate
- 0.8%State: 5.9%
- Average commute
- 36 minState: 19 min
- Work from home
- 7.6%
- Drive alone
- 72.9%
- Public transit
- 2.3%
- Walk to work
- 0.8%
- Homes with broadband
- 97.1%
Knik River vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Knik River | 883 | $109,464 | $304,400 | $1,375 |
| Butte | 4,085 | $101,042 | $374,600 | $1,610 |
| Palmer | 6,268 | $72,201 | $294,900 | $1,125 |
| Gateway | 6,845 | $137,772 | $446,200 | $1,741 |
| Farm Loop | 2,894 | $119,375 | $431,300 | $1,991 |
| South Lakes | 6,180 | $98,141 | $377,500 | $1,178 |
| Lazy Mountain | 1,459 | $101,667 | $352,800 | $980 |
| North Lakes | 10,223 | $101,679 | $357,600 | $1,441 |
| Buffalo Soapstone | 739 | $68,750 | $289,300 | $791 |
More for people moving to Knik River
Knik River ZIP code ›Weather and climate ›Living in Knik River: FAQ
What is the median household income in Knik River, AK?
The median household income in Knik River is $109,464, 18% higher 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 Knik River?
The median home value in Knik River is $304,400, compared with $352,900 in Alaska.
How much is rent in Knik River?
The median gross rent in Knik River is $1,375 per month, about 17.5% of household income.
Is Knik River, AK a good place to live?
Pluses: median household income 18% higher than the Alaska median; home values 14% lower than the state median; unemployment of 0.8%; a poverty rate of 6.3%. Minuses: an average commute of 36 minutes.
What is the median age in Knik River?
The median age in Knik River is 40.5 years (Alaska: 35.8).
How long is the commute in Knik River?
The average commute to work in Knik River is 36 minutes; 7.6% of workers work from home.
What is the unemployment rate in Knik River?
The unemployment rate in Knik River is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Knik River?
28.7% of adults in Knik River 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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