Anchorage, AK Cost Of Living

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Updated: 2020-03-08
127
Anchorage's Overall Cost Of Living
1.3x
Higher Than The National Average
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 #5135 most affordable out of the 6522 places we measured in Alaska. By definition, that implies Anchorage ranks as the #1271 most expensive place in the Last Frontier.

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.

$308,000
Median Home Value
$1,306
Median Rent
$83,280
Median Income
Statistic Anchorage Alaska United States
Median Home Value $308,000 $265,200 $204,900
Median Rent $1,306 $1,231 $1,023
Median Income $83,280 $76,715 $60,293
Home Value To Income 3.7x 3.5x 3.4x
Rent To Monthly Income 0.19x 0.19x 0.2x

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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