Housing costs in Anchorage?
A typical home costs
$390,400, which is 15.5% more expensive than the national average of
$338,100 and 16.2% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$1,940 per month, which is 43.7% more than the national average of
$1,350 and 33.0% more than the state average of
$1,300.
Can I afford Anchorage?
To live comfortably in Anchorage (zip 99506), Alaska, a minimum annual income of
$74,880 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in 99506 Anchorage, AK is slightly higher than the national average. According to Sperling’s Best Places, the overall cost of living index score for 99506 Anchorage, AK is 111.9 compared to the U.S. average of 100. While the housing costs are only marginally higher than other areas in the country, transportation costs and utilities are more expensive due to Alaska's unique geographic features. Additionally, groceries and health care tend to cost more in 99506 Anchorage, AK than other areas. All in all, the cost of living in 99506 Anchorage can be slightly more expensive than elsewhere depending on what your needs are.