Anchorage, AK Cost of Living


83 Reviews



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How much do I need to live in Anchorage, Alaska?
$5,490 / month
for a family, 1.7% more expensive than the national average
$3,700 / month
for a single person, 22.4% less expensive than the national average

Anchorage cost of living score
115.5
More expensive
15.5% higher
than the US average
0.9% lower
than the Alaska average
Anchorage, Alaska gets a BestPlaces Cost of Living score of 115.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.5% higher than the U.S. average and 0.9% higher than the average for Alaska.

Anchorage, AK

Housing costs in Anchorage?
A typical home costs $344,400, which is 1.9% more expensive than the national average of $338,100 and 2.5% more expensive than the average Alaska home, at $336,100. Renting a two-bedroom unit in Anchorage costs $1,460 per month, which is 2.1% more than the national average of $1,430 and 7.5% more than the state average of $1,350.

Can I afford Anchorage?
To live comfortably in Anchorage, Alaska, a minimum annual income of $65,880 for a family, and $44,400 for a single person is recommended.

What does A.I. say about Anchorage?
Anchorage, Alaska boasts both affordability and countless activities - allowing you to get the most out of your money. Homeowners can find a wide range of housing options ranging from inexpensive single family homes to luxurious penthouses - while renters also have access to even more attractive deals now than ever before. Additionally, groceries and transportation expenses are relatively low when compared with other parts of the country - making Anchorage an excellent option if you want stick within budget.
   Cost of living score
     CategoriesAnchorageAlaskaUnited States
  115.5116.5100.0
  122.3141.7100
  125.4127.3100.0
  116.9100.6100.0
  $344,400$336,100$338,100
  108.1169.8100
  104.698.2100.0
  138.2112.4100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Anchorage
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Anchorage had potential but with the massive amount of homeless the petty crime is on the rise. I chose to live in a town outside of Anchorage rather than the city for  More

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I lived in Anchorage for the better part of the 2010's. Pros: o Beautiful, mountain and ocean views; close to many hiking trails, campsites, fishing grounds,  More

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it's nice, i liked it when i grew up there. kinda wish i could move back, but i didn't really like being isolated from all the things like nordstrom, trader joe's,  More

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