Housing costs in Anchorage?
A typical home costs
$526,300, which is 55.7% more expensive than the national average of
$338,100 and 56.6% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$1,770 per month, which is 31.1% more than the national average of
$1,350 and 26.6% more than the state average of
$1,300.
Can I afford Anchorage?
To live comfortably in Anchorage (zip 99540), Alaska, a minimum annual income of
$100,800 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in 99540 Anchorage, AK is higher than the national average. According to Best Places, the overall cost of living index for Anchorage is 121.4, which is 21.4% higher than the U.S. average. Housing costs are particularly high, with an index of 191.8 – 91.8% higher than the national average – while groceries, healthcare, transportation and utilities all sit at or above the national median as well. Though potential residents should consider the higher cost of living in this Alaska city before committing to a move there, it does offer many benefits that may make up for the greater upfront costs.