Living in South Lakes, Alaska
Cost of living, income, home prices, rent and demographics of South Lakes · Census data 2020–2024
South Lakes has 6,180 residents with a median age of 34.2. The median household income is $98,141 (6% higher than the Alaska median), the median home value is $377,500, the median rent is $1,178/month.
South Lakes at a glance
- Population
- 6,180
- Median age
- 34.2State: 35.8
- Median household income
- $98,141State: $92,788
- Median home value
- $377,500State: $352,900
- Median rent
- $1,178/moState: $1,419
- Homeowners
- 71%
- Bachelor's degree or higher
- 24.1%
- Average commute
- 28 min
Is South Lakes a good place to live?
Pros: Median household income 6% higher than the Alaska median; unemployment of 5.2%; a poverty rate of 7.6%.
Cons: Home values 7% higher than the state median; an average commute of 28 minutes.
The weather is best in May to August.
Cost of living in South Lakes
Housing is the biggest part of the cost of living. In South Lakes the median home value is $377,500, 13% higher than the U.S. median. Renters pay a median of $1,178 per month, which is 32.2% of household income. Homeowners with a mortgage pay $2,257 a month in housing costs.
South Lakes median household income
The median household income in South Lakes is $98,141 and the income per person is $43,375. 7.6% of residents live below the poverty line (Alaska: 10.1%).
Housing in South Lakes: homes for sale and rent
- Housing units
- 2,302
- Owner-occupied
- 71%
- Renter-occupied
- 29%
- Vacant
- 8.4%Includes seasonal homes
- Median year built
- 1990
- Average household size
- 2.89
South Lakes demographics
- Population
- 6,180
- Median age
- 34.2
- Under 18
- 24.6%
- 65 and older
- 11.8%
- Households
- 2,108
- Foreign-born
- 2.3%
- Veterans
- 12.6%Adults 18+
Hispanic or Latino can be of any race. Population history of South Lakes ›
Education in South Lakes
24.1% of adults 25 and older in South Lakes have a bachelor's degree or higher (Alaska: 31.7%), and 5% have a graduate or professional degree.
Jobs and commute in South Lakes
- Unemployment rate
- 5.2%State: 5.9%
- Average commute
- 28 minState: 19 min
- Work from home
- 7.4%
- Drive alone
- 77%
- Public transit
- 0.3%
- Walk to work
- 2.1%
- Homes with broadband
- 96.3%
South Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| South Lakes | 6,180 | $98,141 | $377,500 | $1,178 |
| North Lakes | 10,223 | $101,679 | $357,600 | $1,441 |
| Gateway | 6,845 | $137,772 | $446,200 | $1,741 |
| Wasilla | 9,720 | $67,234 | $358,400 | $1,153 |
| Tanaina | 9,646 | $105,536 | $328,500 | $1,398 |
| Farm Loop | 2,894 | $119,375 | $431,300 | $1,991 |
| Palmer | 6,268 | $72,201 | $294,900 | $1,125 |
| Buffalo Soapstone | 739 | $68,750 | $289,300 | $791 |
| Fishhook | 5,819 | $111,375 | $416,300 | $1,837 |
More for people moving to South Lakes
South Lakes ZIP code ›Weather and climate ›Living in South Lakes: FAQ
What is the median household income in South Lakes, AK?
The median household income in South Lakes is $98,141, 6% 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 South Lakes?
The median home value in South Lakes is $377,500, compared with $352,900 in Alaska.
How much is rent in South Lakes?
The median gross rent in South Lakes is $1,178 per month, about 32.2% of household income.
Is South Lakes, AK a good place to live?
Pluses: median household income 6% higher than the Alaska median; unemployment of 5.2%; a poverty rate of 7.6%. Minuses: home values 7% higher than the state median; an average commute of 28 minutes.
What is the median age in South Lakes?
The median age in South Lakes is 34.2 years (Alaska: 35.8).
How long is the commute in South Lakes?
The average commute to work in South Lakes is 28 minutes; 7.4% of workers work from home.
What is the unemployment rate in South Lakes?
The unemployment rate in South Lakes is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is South Lakes?
24.1% of adults in South Lakes 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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