Housing costs in Anchorage?
A typical home costs
$282,300, which is 16.5% less expensive than the national average of
$338,100 and 16.0% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$1,220 per month, which is 9.6% cheaper than the national average of
$1,350 and 6.6% cheaper than the state average of
$1,300.
Can I afford Anchorage?
To live comfortably in Anchorage (zip 99508), Alaska, a minimum annual income of
$54,000 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in 99508 Anchorage, AK is relatively high compared to the national average. According to data from BestPlaces, a website that collects and compiles prices from around the world, the cost of living index for 99508 Anchorage is 67.09. This means that goods and services in this area are on average 67.09% more expensive than those in the rest of the United States. Additionally, housing costs are particularly expensive with rents averaging at $1,874 per month for a one-bedroom apartment and $2,510 per month for a three-bedroom apartment. However, salaries in Anchorage tend to be higher than average to offset some of the increased costs of living and make it possible for people who live there to enjoy the city's many amenities.