Cost of Living in Anchorage, AK
Overall index: 110 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 108 | +8% | $1,017 |
| Transportation | 101 | +1% | $3.50 |
| Food | 131 | +31% | $537 |
| Utilities | 104 | +4% | $194 |
| Healthcare | 104 | +4% | $140 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Anchorage?
A single adult living comfortably in Anchorage, AK needs approximately $38,500 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Anchorage, AK?
The overall cost of living in Anchorage, AK is 10% higher than the US national average (index: 110 where 100 = national average).
How much is rent in Anchorage, AK?
Average rent for a 1-bedroom apartment in Anchorage, AK is about $1,017/month.
Is Anchorage, AK expensive to live in?
Costs in Anchorage, AK are roughly in line with the national average.
What salary do I need to live in Anchorage, AK?
A single adult needs roughly $38,500/year to cover basic living costs in Anchorage, AK.