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Homer, Alaska

city · Kenai Peninsula Borough

At a glance

5,877
Population
$388,400
Median home value (all homes)
28% above U.S. median
$436,285
Typical market value
Zillow, 2026-07
$1,238/mo
Median rent
8% below U.S. median
$74,449
Median household income
5% below U.S. median
12.2 min
Average commute
92.6%
Homes with broadband
0.05%
Locations with fiber available
8.7%
Unemployment

Cost of living (Clay Affordability Index)

CAI 105 — 5% above the national average. how it's computed

Housing46% above
Goods & services3% above
Utilities17% above
Taxes90% below
Insurance26% below
Commute cost39% below
For business: Alaska is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college122 mi
Nearest community college60 mi
Nearest technical college80 mi
High school graduates95.7%
College graduates40.1%

Doing business here

Economic development contacts, most local first:

city Kenai Peninsular Eco Dev District
The Kenai Peninsula Economic Development District (KPEDD) is a private non-government resource focused on the responsible and sustainable economic development of the Kenai Peninsula region. It locates financing and orchestrates community collaboration for economic planning and business incubation; it supports infrastructure projects, workforce development, and regional industries.
state Alaska Industrial Dev and Export Authority
Alaska Industrial Development and Export Authority (AIDEA) is a public corporation of the State of Alaska focused on promoting economic growth and diversification by financing industrial, energy, export, and related facilities. It finances a broad variety of commercial, community and non-profit enterprises in Alaska and operates development finance programs to support job creation and economic development.
state University of Alaska Center for Economic Development
The University of Alaska Center for Economic Development (CED) is a university-based partnership promoted by the University of Alaska Anchorage Business Enterprise Institute and designated as one of 52 University Centers by the U.S. Economic Development Administration. CED leverages the resources of the university system to support economic growth in Alaska, providing information and data, and implementing projects and programs that promote economic development across the state.
State sales taxNone
State income taxNone
Right-to-work stateNo

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