Housing costs in Anchorage?
A typical home costs
$264,700, which is 21.7% less expensive than the national average of
$338,100 and 21.2% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$1,150 per month, which is 14.8% cheaper than the national average of
$1,350 and 13.0% cheaper than the state average of
$1,300.
Can I afford Anchorage?
To live comfortably in Anchorage (zip 99503), Alaska, a minimum annual income of
$50,760 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in 99503 Anchorage, AK is very high compared to the national average. According to Best Places, the cost of living index for Anchorage is more than double the national average. Housing costs are particularly high in this area, with the median home price exceeding $400,000. This makes it difficult to find affordable housing in Anchorage without sacrificing quality. Transportation and food prices are also higher than other areas of the United States, making it an expensive place to live overall.