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Cost of living in Anchorage, AK

Livability score 49 · cost-of-living index 106.8 (US = 100)

Anchorage, AK
Photo: Quintin Soloviev via Commons · CC BY 4.0

How Anchorage compares

Where Anchorage falls within the range of all 200 metros (marker = this city).

Cost-of-living index (US=100) 85 118 Cost-of-living index (US=100): 107 — range 85 to 118 across all metros 107 Median home price $149k $1610k Median home price: $422k — range $149k to $1610k across all metros $422k Price per sqft (more house = lower) $88 $1074 Price per sqft (more house = lower): $235 — range $88 to $1074 across all metros $235 Combined sales tax 0.0% 11.5% Combined sales tax: 1.8% — range 0.0% to 11.5% across all metros 1.8% Property tax rate 0.28% 2.76% Property tax rate: 1.24% — range 0.28% to 2.76% across all metros 1.24% Violent crime (per 100k, state avg) 110 1,000 Violent crime (per 100k, state avg): 760 — range 110 to 1,000 across all metros 760 Electricity (¢/kWh) 12.3 46.6 Electricity (¢/kWh): 27.4 — range 12.3 to 46.6 across all metros 27.4 Avg summer high (°F) 65° 104° Avg summer high (°F): 65° — range 65° to 104° across all metros 65° Avg winter low (°F) -2° 72° Avg winter low (°F): 5° — range -2° to 72° across all metros

Map of Anchorage

Grocery stores, parks, golf courses and more — real listings. Toggle categories in the legend.

Map data © OpenStreetMap contributors · business listings via Google Maps

Cost of living

MetricValueScopeUS rank
Cost-of-living index (US=100)106.8metro-area#178 of 200
Grocery index (US=100)104.5metro-area#170 of 200
Big Mac price (est.)$6.08metro-area#178 of 200
Median household income$93,016metro-area#20 of 200
Median wage (all occupations)$48,129metro-area#18 of 200

Who lives here

MetricValueScopeUS rank
Median age35.4 yearsmetro-area#34 of 200
Bachelor's degree or higher (25+)34.0%metro-area#96 of 200
Foreign-born residents8.7%metro-area#92 of 200
Homes that are owner-occupied67.2%metro-area#88 of 200

Economy

MetricValueScopeUS rank
Unemployment rate5.62%metro-area#135 of 200
Population growth (5-yr)-0.0%metro-area#170 of 200

Housing — what your money buys

MetricValueScopeUS rank
Median home price$422,103metro-area#142 of 200
Home price ÷ income (affordability)4.5×metro-area#81 of 200
1-yr home appreciation+5.7%metro-area#12 of 200
Price per square foot$235metro-area#147 of 200
Typical home size (implied)1,800 sqft
Median rent (monthly)$1,770metro-area#131 of 200
Homes for sale (inventory)945
Median days on market5metro-area#1 of 200

Taxes

MetricValueScopeUS rank
Total tax burden (est. % of income)4.6%state#1 of 200
Combined sales tax1.82%state#5 of 200
State income tax (top rate)None
Capital gains taxNonestate#1 of 200
High earnersNo special surtax
Social Security in retirementNot taxed — has no state income tax, so Social Security is untaxed along with everything else
Effective property tax rate1.24%metro-area#130 of 200
Median property tax paid$4,282metro-area#161 of 200

Health & childcare

MetricValueScopeUS rank
Life expectancy at birth76.3 yearsmetro-area#108 of 200
Healthcare (annual, single adult)$9,500state#200 of 200
Uninsured (share of residents)12.8%metro-area#164 of 200
Primary care providers per 100k97metro-area#20 of 200
Childcare (annual, infant, center)$12,000state#110 of 200

Vehicles & commute

MetricValueScopeUS rank
Annual registration$100state#83 of 200
Vehicle property tax (annual)Nonestate#1 of 200
Emissions testingNot required
Emissions detailNo vehicle emissions testing
DMV & license offices9
Avg commute to work23 minmetro-area#58 of 200
Commute by driving alone71.4%metro-area#52 of 200
Solo drivers commuting 30+ min22.7%metro-area#26 of 200

Utilities & fuel

MetricValueScopeUS rank
Electricity27.4¢/kWhstate#163 of 200
Avg monthly electric bill$246state#163 of 200
Gasoline$3.90/galstate#169 of 200
Natural gas (avg monthly bill)$68state#94 of 200
Water & sewer (avg monthly bill)$164state#178 of 200
Home internet (avg monthly bill)$110state#200 of 200

Insurance

MetricValueScopeUS rank
Home insurance (annual)$1,000state#4 of 200
Auto insurance (annual)$1,300state#9 of 200

Disaster risk & supplemental insurance

MetricValueScopeUS rank
Main natural hazardsNotable hazards: earthquakes — separate flood/quake/windstorm policies may be needed.
FEMA National Risk Index (0–100, higher = more risk)96.3 — Relatively Highmetro-area#158 of 200
Flood insurance (annual, NFIP)$650state#41 of 200
Earthquake insurance (annual)$800state#181 of 200

Climate & air quality

MetricValueScopeUS rank
Air quality (median AQI, lower=cleaner)26metro-area#4 of 200
Cooling degree-days (AC load)0metro-area#1 of 200
Homes with air conditioning (state)7%state#198 of 200
Heating degree-days (heat load)10,000metro-area#200 of 200
Days per year ≥ 90°F0metro-area#1 of 200
Days per year ≥ 100°F0metro-area#5 of 200
Avg summer high (state)65°Fmetro-area#1 of 200
Avg winter low5°Fmetro-area#197 of 200
Annual precipitation16.6"metro-area#34 of 200
Annual snowfall74.0"metro-area#196 of 200
Sunshine (% of possible)41%metro-area#199 of 200
Plant hardiness zone4a
Frost window05-25 → 09-20

Safety

MetricValueScopeUS rank
Violent crime (per 100k, state avg)760state#198 of 200
Property crime (per 100k, state avg)2,800state#172 of 200

Local amenities & recreation

MetricValueScopeUS rank
Grocery stores16metro-area#190 of 200
Parks38
Hiking areas32
Golf courses16
Shooting ranges8
Lakes13

Permits

MetricValueScopeUS rank
Building permit difficulty (1–5)2state#1 of 200
Permit detailGenerally easy

US rank = this metro's position among all 200 metros (1 = best: cheapest / safest / highest income, etc.). Childcare is a family cost, not included in the salary-equivalence total.

Top employers in Anchorage

Major public and private employers in the Anchorage, AK area.

EmployerSectorJobs
Providence Health & Services Healthcare Careers →
Alaska Airlines Other Careers →
Carrs-Safeway Retail Search →
Alaska Regional Hospital Healthcare Careers →
Municipality of Anchorage Government Careers →

Salaries by occupation in Anchorage

Local median pay, BLS OEWS. All occupations →

OccupationMedian pay
Dentists $225,170
Pharmacists $152,780
Physician Assistants $142,620
Software Developers $141,080
Construction Managers $135,530
Financial Managers $131,290
Lawyers $131,200
Dental Hygienists $123,240
Human Resources Managers $110,490
Police & Sheriff's Patrol Officers $110,120
Registered Nurses $106,410
General & Operations Managers $105,010
Civil Engineers $104,820
Physical Therapists $104,570
Marketing Managers $104,230
Mechanical Engineers $98,740
Data Scientists $83,940
Plumbers, Pipefitters & Steamfitters $83,270
Electricians $81,950
Real Estate Sales Agents $80,480
Accountants & Auditors $78,600
Elementary School Teachers $67,140
Welders, Cutters & Solderers $63,360
Heavy & Tractor-Trailer Truck Drivers $62,360
Carpenters $60,920
Medical Assistants $50,420
Graphic Designers $49,440

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