Housing costs in Anchorage?
A typical home costs
$351,200, which is 3.9% more expensive than the national average of
$338,100 and 4.5% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$1,290 per month, which is 4.4% cheaper than the national average of
$1,350 and close to the state average of
$1,300.
Can I afford Anchorage?
To live comfortably in Anchorage (zip 99517), Alaska, a minimum annual income of
$67,320 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in 99517 Anchorage, AK is fairly high compared to the national average. According to BestPlaces's Cost of Living Index, the overall cost of living index in Anchorage is 86.5, which is 7.5% higher than the US average of 79.4. Additionally, housing costs are significantly higher as rents and home prices are roughly double the national averages due to Anchorage's unique geographic location and limited availability of real estate. Furthermore, basic utilities such as electricity and water tend to be more expensive here as well due to the city's high cost of living and its remote location.