Cost of Living in Anchorage, AK
2024 data from the Bureau of Economic Analysis
Cost Index
105.4
5.4% above avg
Housing Index
109.9
Median Income
$93,016
Median Rent
$1,375/mo
Cost Breakdown
Overall105.4 (+5.4%)
Housing109.9 (+9.9%)
Goods107.3 (+7.3%)
Utilities111.8 (+11.8%)
Other Services103.3 (+3.3%)
National average = 100
Income & Housing
Median Household Income
$93,016/year
Median Home Value
$344,500
Median Monthly Rent
$1,375/mo
Per Capita Income
$44,553/year
Compare Anchorage, AK With
Frequently Asked Questions
Is Anchorage, AK expensive to live in?
Anchorage, AK has a cost of living index of 105.4, which is 5.4% above the national average.
How much does housing cost in Anchorage, AK?
Housing costs in Anchorage, AK are indexed at 109.9 compared to the national average of 100. The median monthly rent is $1,375.
What is the average income in Anchorage, AK?
The median household income in Anchorage, AK is $93,016 per year.
What is the average home price in Anchorage, AK?
The median home value in Anchorage, AK is $344,500.