The cost of living in 99505 Anchorage, AK is relatively higher than the US with a Grocery Cost Index of 121 versus 100 in the US. The average 2 bedroom rent in this area is $2,050 which is much higher than the US average of $1,430. To be able to afford this rent, one would need an income of around $81,000 which can be difficult for many local residents. Local companies such as Alyeska Pipeline Service Company and ConocoPhillips Alaska Inc offer jobs to help support those looking to live in Anchorage but the competition can be fierce.
Anchorage (zip 99505) has an unemployment rate of 6.6%. The US average is 6.0%.
Anchorage (zip 99505) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 16.1%, which is lower than the US average of 33.5%.
Tax Rates for Anchorage (zip 99505)
- The Sales Tax Rate for Anchorage (zip 99505) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Anchorage (zip 99505) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Anchorage (zip 99505)
- The average income of a Anchorage (zip 99505) resident is $26,739 a year. The US average is $37,638 a year.
- The Median household income of a Anchorage (zip 99505) resident is $94,083 a year. The US average is $69,021 a year.