Mill Bay, AK
Full City Profile · Alaska · Kodiak Island Borough County
Mill Bay, AK
At a Glance
How Mill Bay Compares to the U.S. Average
Each bar shows Mill Bay's value as a percentage of the national average (100% = U.S. avg)
Is Mill Bay a Good Place to Live?
Economy & Jobs
Mill Bay residents earn a median household income of $94,359 , which is 26% above the national average of $75,149. Per capita income is $51,428. The unemployment rate stands at 0.9% (75% below the U.S. rate of 3.6%). 5.4% of residents live below the poverty line. The area is home to 475 business establishments, including 49 restaurants.
Housing & Cost of Living
The median home value in Mill Bay is $430,600 , 53% above the national median of $281,900. Zillow estimates the typical home at $435,931. Median rent is $2,777/month, with 25.9% of renters spending more than 30% of income on housing. The cost of living index is 102.4 (100 = national average). The median home was built in 1999.
Education
36.4% of adults in Mill Bay hold a bachelor's degree or higher (8% above the national average). 98.1% have completed high school. Local schools score 5.3/10 in standardized testing.
Climate & Weather
Mill Bay has an average annual temperature of 42°F (6°C). Winters average 32°F in January while summers reach 55°F in July. Annual precipitation totals 75.6 inches.