New economic data from the Alaska Department of Labor and Workforce Development reveals higher costs for almost everything.
Brian Holst , the executive director of the Juneau Economic Development Council, said that doesn’t surprise him.
Rents are high, too. Juneau ranked fifth in the state for the highest average rental costs for a two-bedroom, at $1,561 a month. That’s a 5% increase from the year before.According to the study, which comes out annually, Juneau’s costs for things like health care and groceries are similar to places like Seattle and San Francisco. Overall, the study cited Juneau’s cost of living as just shy of 28% above the national average.
“Our aging population occupies a lot of housing. When you look at Juneau over the last 10 years, basically our population is about the same as it was 10 years ago, but we have a lot more senior citizens,” he said., prices will keep increasing.“The changing demographics are limiting the supply of housing. So, the price of housing goes up as the supply is limited,” he said. “Simply, we have not built enough housing to keep up with the demand.
“I don’t think a one-size-fits-all option, but I think we have to be doing frankly everything we can do,” she said.for purchasing mobile homes. And it continues to put money toward the city’s affordable housing fund, which gives money to developers to help get housing projects off the ground.
Housing Juneau Alaska Department Of Labor And Workforce Developme Brian Holst Cost Of Living Demographic Changes Economy Ella Adkison Population Rent Single Family Home
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