Chignik Lake AK
Rentals

Housing in Lake and Peninsula Borough

Almost half of renters in the United States pay 1/3 or more of their monthly income for rent (third column above). Compare that with rent in Lake and Peninsula Borough and Alaska in the first two columns. The optimal rent to household income ratio is 25% to 28% or less. When you pay more than 30% of your income towards rent, your ability to pay for food, transportation, health care, education, and savings becomes increasingly difficult.
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Towns near Chignik Lake