Anchorage, AK is a vibrant city with a population of approximately 300,000 people. Despite its size and cosmopolitan atmosphere, residents of Anchorage benefit from the moderate cost of living in this part of the country. Rent for a two-bedroom apartment in Anchorage is $1,460 on average – significantly lower than the US national average of $1,430. Additionally, groceries are slightly cheaper than elsewhere in the US, with an index score of 122 out of 100. This makes it easy to find affordable living options and budget friendly meals from local companies like Arctic Slope Regional Corporation (ASRC), which specializes in sustainable seafood; Northrim Bank, a full service financial institution; and Alaska Native Corporations like Chugach Alaska Corporation. All three provide great opportunities for Anchorage residents to save money while enjoying their city.
Anchorage (zip 99507) has an unemployment rate of 6.6%. The US average is 6.0%.
Anchorage (zip 99507) has seen the job market decrease by -0.8% 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 99507)
- The Sales Tax Rate for Anchorage (zip 99507) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Anchorage (zip 99507) 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 99507)
- The average income of a Anchorage (zip 99507) resident is $45,974 a year. The US average is $37,638 a year.
- The Median household income of a Anchorage (zip 99507) resident is $93,265 a year. The US average is $69,021 a year.