Anchorage, AK Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
127
Anchorage's Overall Cost Of Living
1.3x
Higher Than The National Average
15 out of 24
In Alaska
5,132 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Anchorage is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Anchorage, AK?

According to the most recent data on the cost of living, Anchorage has an overall cost of living index of 127 which is 1.3x higher than the national index of 100.

Compared to only Alaska, Anchorage has a cost of living index that's 1.0x lower than Alaska's index of 128.

The standard of living in Anchorage ranks as #5,135 most affordable out of the 6,522 places we measured in Alaska. By definition, that implies Anchorage ranks as the #1,271 most expensive place in the Last Frontier.

For more reading on life in Anchorage, check out:

Anchorage Cost Of Living Vs. Alaska

Living Expense Anchorage Alaska National Average
Overall 127 128 100
Services 106 112 100
Groceries 131 137 100
Health 142 147 100
Housing 152 135 100
Transportation 113 120 100
Utilities 125 147 100
For more reading on cost of living around Alaska, check out:
Anchorage Cost of Living Vs. AK

Anchorage, AK Housing Cost Breakdown

Housing swings affordability the most between places in Alaska, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$314,800
Median Home Value
$1,320
Median Rent
$84,928
Median Income
Statistic Anchorage Alaska United States
Median Home Value $314,800 $270,400 $217,500
Median Rent $1,320 $1,244 $1,062
Median Income $84,928 $77,640 $62,843
Home Value To Income 3.7x 3.5x 3.5x
Rent To Monthly Income 0.19x 0.19x 0.2x

Detailed Anchorage Services Costs Vs. Alaska

Item Anchorage Alaska
Shampoo $1.12 $1.01
Movie $12.18 $10.72
Bowling $18.5 $13.86

Detailed Anchorage Groceries Costs Vs. Alaska

Item Anchorage Alaska
Ground Beef $4.74 $3.9
Fried Chicken $1.68 $1.4
Milk $2.54 $1.96

Detailed Anchorage Health Costs Vs. Alaska

Item Anchorage Alaska
Haircut $20.0 $17.49
Beauty Salon $46.0 $38.17
Toothpaste $3.1 $2.32

Detailed Anchorage Transportation Costs Vs. Alaska

Item Anchorage Alaska
Potatoes $4.11 $3.18
Pizza $8.49 $10.39
Beer $9.99 $9.23
Optometrist $213.85 $106.34
Doctor $181.67 $115.25
Dentist $140.5 $98.38

Detailed Anchorage Utilities Costs Vs. Alaska

Item Anchorage Alaska
Gasoline $2.98 $2.59
Tire Balancing $56.0 $48.9
All Electricity $243.53 $167.6
Phone $181.41 $163.42

Anchorage SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
6
Diversity
9.5
Safety
3
Amenities
8
Education
8.5
Commute
9

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