Anchorage, AK Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
130
Anchorage's Overall Cost Of Living
1.3x
Higher Than The National Average
14 out of 22
In Alaska
5,259 out of 6,412
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 130 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 higher than Alaska's index of 127.

The standard of living in Anchorage ranks as #5,261 most affordable out of the 6,418 places we measured in Alaska. By definition, that implies Anchorage ranks as the #1,158 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 130 127 100
Services 114 112 100
Groceries 128 134 100
Health 148 150 100
Housing 154 136 100
Transportation 110 121 100
Utilities 127 150 100
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.

$320,100
Median Home Value
$1,310
Median Rent
$84,813
Median Income
Statistic Anchorage Alaska United States
Median Home Value $320,100 $275,600 $229,800
Median Rent $1,310 $1,240 $1,096
Median Income $84,813 $77,790 $64,994
Home Value To Income 3.8x 3.5x 3.5x
Rent To Monthly Income 0.19x 0.19x 0.2x

Detailed Anchorage Services Costs Vs. Alaska

Item Anchorage Alaska
Shampoo $1.05 $1.06
Movie $12.27 $10.68
Bowling $17.03 $14.67

Detailed Anchorage Groceries Costs Vs. Alaska

Item Anchorage Alaska
Ground Beef $5.43 $4.22
Fried Chicken $1.71 $1.39
Milk $2.73 $2.05

Detailed Anchorage Health Costs Vs. Alaska

Item Anchorage Alaska
Haircut $23.5 $18.62
Beauty Salon $54.87 $39.05
Toothpaste $3.15 $2.34

Detailed Anchorage Transportation Costs Vs. Alaska

Item Anchorage Alaska
Potatoes $4.46 $3.29
Pizza $11.8 $10.62
Beer $10.49 $9.38
Optometrist $219.89 $108.57
Doctor $206.08 $116.17
Dentist $147.12 $99.13

Detailed Anchorage Utilities Costs Vs. Alaska

Item Anchorage Alaska
Gasoline $2.59 $2.22
Tire Balancing $48.67 $50.07
All Electricity $247.3 $167.67
Phone $184.26 $175.64

Anchorage SnackAbility

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

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