Housing costs in Anchorage?
A typical home costs
$289,000, which is 14.5% less expensive than the national average of
$338,100 and 14.0% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$1,520 per month, which is 12.6% more than the national average of
$1,350 and 14.5% more than the state average of
$1,300.
Can I afford Anchorage?
To live comfortably in Anchorage (zip 99518), Alaska, a minimum annual income of
$55,440 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in Anchorage, AK (99518) is relatively high. Housing is particularly expensive, with the median home value being around $320,000. Groceries and other everyday items are also quite costly, with transportation costs adding to the overall expense of living in this area. While utilities may be slightly cheaper than the national average, they still add up quickly due to Alaska's cold climate. On the plus side, there is no state income tax in Alaska which helps offset some of these expenses. All in all, Anchorage is a beautiful place to live but can be expensive depending on your budget and lifestyle.