Larsen Bay, AK
Population 108 · Alaska
About Larsen Bay, AK
Larsen Bay is a small community located in Alaska with a population of 108 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,375 per year, which is 41% below the national median of $75,149. The median age of 56 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Larsen Bay features a median home value of $114,100, which is 53% below the national median of $244,900. This makes Larsen Bay one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 104 total housing units, 82% are owner-occupied (27 units) and 18% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Larsen Bay shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Larsen Bay have an average one-way commute time of 3.6 minutes, one of the shorter commutes in the region.
Education & Demographics
10.5% of Larsen Bay residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 23.1% White, 18.5% Hispanic or Latino, 1.9% Black or African American, and 0.0% Asian residents, with 38.9% of the population being foreign-born.
Cost of Living in Larsen Bay, AK
Compared to national averages, Larsen Bay has a median household income of $44,375 (41% below the national median of $75,149). Home values average $114,100, which is 53% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Alaska, Larsen Bay's income is 35% below the state average of $67,815, and home values are 44% below the state median of $203,729.
Why Live in Larsen Bay, AK?
Larsen Bay offers affordable housing with a median home value of $114,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 7.4%, better than the national average, and short commute times averaging just 3.6 minutes.
Potential considerations include median household income ($44,375) that falls below the national average. However, Larsen Bay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Larsen Bay has a population of 108 with a median age of 56 years. Compare Larsen Bay with other cities to see how it stacks up, or explore all cities in Alaska.
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Other Cities in Alaska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Larsen Bay
What is the population of Larsen Bay, AK?
The population of Larsen Bay, AK is 108 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Alaska.
What is the median household income in Larsen Bay?
The median household income in Larsen Bay, AK is $44,375 per year, which is 41% below the national median of $75,149.
What is the median home value in Larsen Bay?
The median home value in Larsen Bay, AK is $114,100, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Larsen Bay?
The median monthly rent in Larsen Bay, AK is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Larsen Bay?
The unemployment rate in Larsen Bay, AK is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Larsen Bay, AK a good place to live?
Larsen Bay offers a moderate cost of living, affordable housing, and a strong job market. With a population of 108 and a median age of 56, the city appeals to established professionals and retirees.
How educated is Larsen Bay, AK?
10.5% of residents in Larsen Bay aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Larsen Bay?
Key cost-of-living indicators for Larsen Bay, AK: median home value is $114,100 (53% below national), median rent is $0/month, and median household income is $44,375. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Larsen Bay?
The poverty rate in Larsen Bay, AK is 7.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Larsen Bay, AK?
Larsen Bay's population is 23.1% White, 18.5% Hispanic or Latino, 1.9% Black or African American, 0.0% Asian, and 0.0% two or more races. 38.9% of residents are foreign-born.