Housing costs in Anchorage?
A typical home costs
$355,900, which is 5.3% more expensive than the national average of
$338,100 and 5.9% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$1,300 per month, which is 9.1% cheaper than the national average of
$1,430 and 3.8% cheaper than the state average of
$1,350.
Can I afford Anchorage?
To live comfortably in Anchorage Ala Metro Area, Alaska, a minimum annual income of
$68,040 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in the Anchorage, AK metro area is 113.4, which is higher than the US average of 100. This means that the prices for goods and services in this area are generally more expensive than what you would expect to pay elsewhere in the United States. However, this cost of living may be offset by the local median house value of $355,900, which is well above the national average of $338,100. In summary, residents of Anchorage may have to pay more for basic necessities but can benefit from higher property values.