Mill Bay, AK
Population 3,541 · Alaska
About Mill Bay, AK
Mill Bay is a small community in Alaska with a population of 3,541 residents. The median household income is $94,359 per year, which is above the national average. The median age in Mill Bay is 35.5 years.
Housing in Mill Bay has a median home value of $430,600 and median monthly rent of $2,777. Of the 1,582 total housing units, the majority are owner-occupied, with 1,179 owner-occupied and 208 renter-occupied units.
The unemployment rate in Mill Bay is 0.9% and the poverty rate is 5.7%. 36.4% of residents hold a bachelor's degree or higher. The average commute time is 11.5 minutes.
How Mill Bay Ranks in Alaska
Cost of Living in Mill Bay, AK
Compared to national averages, Mill Bay has a median household income of $94,359 (26% above the national median of $75,149). Home values average $430,600, which is 76% above the national median. Monthly rent at $2,777 is 139% above the US average of $1,163. Within Alaska, Mill Bay's income is 39% above the state average of $67,815, and home values are 111% above the state median of $203,729.
Why Live in Mill Bay, AK?
Mill Bay offers a strong local economy with a median household income of $94,359, well above the national average, and a strong job market with an unemployment rate of just 0.9%, and a well-educated community where 36.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.7%, better than the national average, and short commute times averaging just 11.5 minutes.
Potential considerations include a competitive housing market where the typical home costs $430,600. However, Mill Bay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mill Bay has a population of 3,541 with a median age of 35.5 years. Compare Mill Bay with other cities to see how it stacks up, or explore all cities in Alaska.
Similar Cities Near Mill Bay
Cities in Alaska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Nome | 3,668 | $113,561 | $338,900 | Compare |
| Petersburg | 3,346 | $76,466 | $298,500 | Compare |
| Big Lake | 3,291 | $76,292 | $286,600 | Compare |
| Goldstream | 3,238 | $92,604 | $289,600 | Compare |
| Butte | 3,905 | $105,625 | $320,100 | Compare |
| Valdez | 3,911 | $97,067 | $312,400 | Compare |
| Eielson AFB | 3,133 | $59,716 | $0 | Compare |
| Kotzebue | 3,046 | $106,328 | $264,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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 Mill Bay
What is the population of Mill Bay, AK?
The population of Mill Bay, AK is 3,541 according to the latest Census data.
What is the median household income in Mill Bay?
The median household income in Mill Bay, AK is $94,359 per year.
What is the median home value in Mill Bay?
The median home value in Mill Bay, AK is $430,600.
What is the average rent in Mill Bay?
The median monthly rent in Mill Bay, AK is $2,777.
What is the unemployment rate in Mill Bay?
The unemployment rate in Mill Bay, AK is 0.9%.