An apartment home for rent in this city will cost you from $475 to $3,125. In general, in the past year, rental costs in Anchorage have stayed constant by approximately 0%. 30%. Source: RadioKAOS / Wikimedia. Anchorage has a cost of living rating of 123.5, meaning that living here is about 23.5% more expensive than the national average, and Anchorage residents will pay about $123.50 for every $100 the average US city resident pays. The employment growth rate is slow, below one percent. The cost of living is 29% higher in Seattle, WA. Our Premium Cost of Living Calculator includes Transportation, Gas Prices, Car Insurance Premiums, Commute Times, Traffic Congestion Index and other must-know details.Click here to customize.. Transportation cost in Boise, Idaho is 19.2% cheaper than Anchorage, Alaska The best places to live off the grid in Alaska are boroughs that have plenty of cheap lands and the cost of living is also bearable. Eagle River is a great, safe community to live in only minutes from the city. Anchorage. College. Loading. Cost of Housing. Although utility costs are only somewhat higher than in other cities, they are nonetheless greater. The average living wage in Kusilvak Census Area is $75,124 according to MIT data . Price varies based on: Number of days: More days cost more.We recommend 10 days or more. - whether you buy or rent, require child care, or want to include taxes. Anchorage is a large coastal city (i.e. That compares with $353,900, the median existing-home price for all housing types that month, according to the National Association of Realtors®. Because Alaska is so far from the rest of the United States, items like groceries tend to cost more due to shipping. The average listing price of a home in Anchorage is around . Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1. Research the cost of living and what the fees would be. The sales tax in Anchorage Alaska is - wait, Anchorage has no sales tax. 63% higher. Anchorage (Dena'ina: Dgheyay Kaq'; Dgheyaytnu) is a unified municipal consolidated city-borough in the U.S. state of Alaska, on the West Coast of the United States.With a population of 291,247 in 2020, it is Alaska's most populous city and contains nearly 40% of the state's population. Coming in at number one is College, AK. Utilities are also relatively expensive in Alaska because of the remote location of most homes. Full cost of living comparison of Anchorage, Alaska vs Sorocaba. Anchorage, AK. The cost-of-living index and the grocery index are both rated much higher than the national average of 100. Most of the midwest costs less than Anchorage. See Seattle's complete City Life page. Prices and comparisons for the whole range of expenses: food, housing, going out, etc. According to Only in Your State, Anchorage is one of the worst places to live in Alaska as it is one of the most dangerous due to the high crime rates. See Seattle's complete City Life page. Lodging: The standard Alaska hotel room costs about $275 per night in summer.Economy hotels run about $100 less and premium/luxury hotels about $100 more. Cost of Living in Anchorage Summary about cost of living in Anchorage, AK, United States: Family of four estimated monthly costs are 4,347.02$ without rent (using our estimator). A cost of living index above 100 means Anchorage, Alaska is more expensive. To maintain your standard of living in Anchorage, AK, you'll need a household income of: $67,451. The Genworth Cost of Care Survey 2019 notes that the average cost of assisted living in Anchorage is $6,000 per month, substantially higher than the national average of $4,051. old) $300 - gas and … Cost of Living in Anchorage, Alaska Our cost of living indices are based on a US average of 100. The median after-tax salary is $4525, which is enough to cover living expenses for 2.3 months. Information in this release will be made available to individuals with sensory impairments upon request. However, it's on par with the overall average assisted living cost in Alaska, which is also $6,000 per month. The high median home cost in Anchorage, however, offsets these rates. UAA is good and has a lot to offer. In Anchorage,AK, the median rent for a 1 bedroom apartment is $847, and for a 2 bedroom apartment is $1086. 299,321. It is a natural piece of Alaska: Anchorage is also home to glaciers and eagles, mountains and salmon, incorporating sights and experiences found . Trends in wages decreased by -100.0 percent in Q1 2022. $1,237. Still, the overall demographic is majority white . Given a median home value of $70,700, that income can stretch relatively far for Alaskan standards. Enjoy!! Job Market Overview: Alaska ranks 20th among the states in per capita income. It should be noted, however, that costs in rural Alaska are higher due to the remote locations. Anchorage cost of living is 123.5 100=National Average AVERAGE RENT BY BEDROOM SIZE COST OF LIVING MAP + - The cost of living for expatriates in Anchorage AK as at January 2022 is high in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 84.31 (New York =100). Median 2-bedroom apartment rent. Phoenix, AZ, where the cost of living is 19% lower than Anchorage Tampa, FL, where the cost of living is 26% lower than Anchorage Anchorage Is Less Expensive Than: Seattle, WA, where the cost of living is 29% higher than Anchorage Los Angeles, CA, where the cost of living is 20% higher than Anchorage Updated on May 2022. AK Real Estate Professionals Website. Anchorage, AK. In Anchorage, people not only play hard, but they work hard too. Answer (1 of 11): You are likely referring to the Alaska Permanent Fund Dividend. Median 2-bedroom apartment rent. It is the second-most dangerous city in terms of violent crime, as the residents of Anchorage have a one in 76 chance of becoming a violent crime victim. The cost of living in Anchorage, AK is 28 percent higher than the national average. Housing Costs. That's on par with Portland, Ore., where the weekly family grocery bill is $100. 130. This is why we are now offering a Premium Salary & Cost of Living Calculator. However, to offset the cost of living, Alaska has some of the lowest taxes in the U.S. and doesn't have a sales tax. There are a lot of factors that go into the cost of living in a particular city. Of all categories, housing is the most expensive thing on your list of bills. With a population of 14,675, College is far from the most densely populated area of Alaska. Anchorage has a cost of living rating of 123.5, meaning that living here is about 23.5% more expensive than the national average, and Anchorage residents will pay about $123.50 for every $100 the average US city resident pays. Alaska's most populated city is Anchorage, with 300,000 residents who make up more than 40 percent of the state's entire population. Prices and comparisons for the whole range of expenses: food, housing, going out, etc. The average property tax rate in Anchorage is 1.355%. A single person estimated monthly costs are 1,233.40$ without rent. Most of the Hawaiian islands cost more than Anchorage. Source: The Anchorage, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020. $6045. Unemployment in Alaska is above the national average. 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. Relocating to Anchorage. A cost of transportation score of 1 indicates most expensive while a 10 represents cheapest. Currently, the median rent price for a one-bedroom apartment in Anchorage sits at $1,187. It's Alaska's biggest city: with nearly 300,000 residents, it's Alaska's urban center. Where are you comparing it to? 1) Eagle River. (per month) $900 - 1 bedroom apartment in decent area of town $400 - groceries for 2 people (27 yrs. Now that's life. Overall, Alaskan rent prices have increased by 15.3%, while the national rent prices have grown at an average of 17.1%. Anchorage, in the truest sense of the word, is a melting pot. The average cost of living in Anchorage is $1932, which is in the top 5% of the most expensive cities in the world, ranked 480th out of 9294 in our global list, 326th out of 2202 in the United States, and 3rd out of 3 in Alaska. Low Poverty Rates About our Cost of Living Index DID YOU KNOW? - Overall, Bozeman, Montana is 8.0% more expensive than Anchorage, Alaska - Transportation is the biggest factor in the cost of living difference. The average salary in Anchorage, AK is $21.91. In Anchorage, the average monthly rent is $186, which corresponds to a $180 monthly payment. The real estate market in Alaska is quite expensive. University of Alaska Anchorage tuition is $7,224 per year for in-state residents. Care cost data for other Alaskan cities, including state capital Juneau, is not available. Real estate in Alaska is affordable. Average Costs Breakdown % % % % % % % Restaurants Markets Transportation Utilities (Monthly) Full cost of living comparison of Anchorage, Alaska vs Cúcuta. The cost of housing can be one of the most daunting parts about the cost of living in Anchorage, Alaska. One bedroom apartments average $1,174 and range from $475 to $3,125. Anchorage is a perfect basecamp—you can experience much that Alaska has to offer, and never check out of your hotel. Who would have thought that a small suburb of Fairbanks would be the best place to live in Alaska. But the cost of living in Alaska varies greatly from city to city. Above 100 means more expensive. Source: The Anchorage, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020. The median sales price was $335,000 in October 2021, Redfin reported. This is nearly $600 less than the Alaska norm, and about $1,200 less than the $7,250 per month paid by seniors in Fairbanks. The average home rent in Anchorage is $2,632. The entrepreneurial spirit is alive and strong. The income tax for the state of Alaska is zero. Cost of Living . See calving glaciers and enormous whales on a day cruise. The cost of living is 35% higher in Anchorage, AK. Annual state payout for residents 30%. The heterogeneity of the population is due to the large presence of Alaska Natives, which many other states lack. Tuition ranks 3rd in Alaska amongst 4 year colleges for affordability and is the 4th most . Despite low-interest rates, there are still barriers to homeownership in Alaska including down payments and mortgage insurance. Russia and America completed the purchase agreement in 1867. Anchorage tends to attract a younger crowd, as the median age of 33 is far below the national average. Anchorage, Alaska is a highly populated city with a population of 299,321 people. Seattle, WA. Key economic sectors include the military, tourism and air cargo shipping, and citizens have a variety of cultural choices. Assisted living costs seniors in Anchorage an average of $6,000 a month, according to the 2018 Genworth Cost of Care Survey. Anchorage's cost of living is slightly higher than the national average when compared to other US cities. 299,321. Seattle, WA. Peak vs. Above 100 means more expensive. 63% higher. . on the ocean, a bay, or inlet) located in the state of Alaska. Fairbanks has a great University, but is much colder and less nightlife, not that Anchorage is a real hot spot, but it can be fun. The unemployment rate stands at 16.18%. According to salary.com, Anchorage is the most expensive city in Alaska, coming in at 37% higher than the national average. The Urban Alaska area covered in this release consists of Anchorage and Matanuska-Susitna Borough in the State of Alaska. Average Housing Costs in Alaska: $806 to $1,933 per month Housing doesn't come cheap in Alaska. Morgantown, WV . People love Eagle River because of its family oriented communities and proximity to Anchorage. Anchorage profile Living in Anchorage. Alaska's largest city offers all the conveniences of urban life without compromising on solitude, adventure, and open spaces. The fund currently stands at $62.3 billion as of Oct 31, 2017 for a population of roughly 740,00. About our Cost of Living Index DID YOU KNOW? There are a lot of factors that go into the cost of living in a particular city. The bigger cities are more expensive. Anchorage is 9.62% less expensive than New York (without rent). Anchorage, Alaska, has the one of the most diverse populations in terms of ethnicity and culture in all the U.S., even beating out Queens, New York; Mountain View, a neighborhood in Anchorage, is the most diverse area whole state. The price of Alaska: Cost-of-living data shows us where we must improve. Is It Expensive to Live in Anchorage Alaska? 11. Anchorage is also the starting point of the famed Iditarod Trail Sled Dog . In order to keep your same standard of living your salary can vary greatly. Flightsee over Denali, fish a wilderness river, or visit grizzly bears via air taxi. Prices and comparisons for the whole range of expenses: food, housing, going out, etc. If it weren't part of the Municipality of Anchorage, it would be considered one of the five largest cities in Alaska. Anchorage has an extremely high cost of living because it is the most isolated major city in the United States. 11 votes, 57 comments. The cost of living is 29% higher in Seattle, WA. Below 100 means cheaper than the US average. Alaska was once thought of as a folly. Updated on May 2022. - Transportation is 34% cheaper in Bozeman. According to Realtor.com, Anchorage's median listing home price was $339,000 in February 2022housing . 67% higher. This is 3% cheaper than the national average public four year tuition of $7,459. A 2 bedroom apartments averages $1,433 and ranges from $895 to $2,350. The cost of living in Kotlik is 28% lower than the state average and 3% lower than the national average. The cost of transportation in Anchorage is more expensive than the United States average and earns a score of 2 out of 10. 4 JULY 2019 ALASKA ECONOMIC TRENDS 2018 and early 2019 The Cost of Living By NEAL FRIED 2Medical, Energy Rise Most U Ý» , ã ¦ÊÙù, 2017-18 1Prices Jumped 3% in 2018 U Ý» , Ù½ , 2007-18 Source: U.S. Department of Labor, Bureau of Labor Sta s cs, Consumer Hike to a glacier, climb a mountaintop, drive some of the world's most spectacular . Listed below are the most expensive neighborhoods in Anchorage for 2022, sorted by overall cost of living which includes: groceries, goods and services, real . Full cost of living comparison of Anchorage, Alaska vs Cúcuta. Anchorage is the best Alaska city for a younger person. Housing Costs. Kusilvak Census Area has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Alaska as a whole. Anchorage is 11.69% less expensive than New York (without rent, see our cost of living index ). Taking a look at some economic measures, the median income in town is $47,844. While the overall cost of living in Alaska can be quite high (thanks to the fact that groceries and resources have to be shipped and imported from far away), real estate prices remain rather affordable. It costs roughly $122 to feed a family of four per week in Anchorage, Fairbanks , and the Mat-Su Valley. In fact, natural gas and electricity bills are 33% higher than the national average in Alaska. A 2017 cost of living study by the Anchorage Economic Development Corporation shows that overall monthly utility costs in Alaska are quite high. The Anchorage metropolitan area, which includes Anchorage and the neighboring Matanuska-Susitna Borough, had . Y our Cost of Attendance is not only what you will pay to go to college, it is an estimate of how much you can expect to need to help pay for college and living expenses throughout the nine (9) month academic year (fall and spring semesters). Cost of living comparisons are imprecise, but one study ranks Kodiak, Juneau, Fairbanks and Anchorage among the survey's 10 most expensive cities to live in. Updated on May 2022. Single person estimated monthly costs: $2,377 Cost of living in Anchorage, Alaska is more expensive than in 65% of cities in USA (16 out of 43) Cost of living in Anchorage, Alaska is more expensive than in 68% of cities in N. America (19 out of 57) Rural Alaska's gasoline, diesel, and heating fuel shipments are all made in bulk during the summer, when barge transportation is possible, which means that the price of gasoline and similar fuels is set for the entire year and is not prone to the recent drops in gas prices seen in the Lower 48 (or even in Anchorage or other road-system . 130. College. That's correct, there is also no income tax for the residents of Anchorage. Living in Anchorage, AK. Assisted Living Costs in Anchorage, Alaska. Generally speaking, the best boroughs to live off the grid in Alaska are Anchorage, Matanuska-Susitna, Fairbanks North Star, Unorganized Borough, Yakutat, and Kodiak Island. It would soon become a vital investment for the United States, as the purchase allowed for an expansion at the cost of just two cents per acre. Homeownership in Alaska stood at 63.7% as of 2018. Rent Prices in Portland, OR are 17.29% higher than in Anchorage, AK: Restaurant Prices in Portland, OR are 5.04% lower than in Anchorage, AK: Groceries Prices in Portland, OR are 10.90% lower than in Anchorage, AK: Local Purchasing Power in Portland, OR is 12.17% lower than in Anchorage, AK Updated: July 21, 2018 Published: July 21, 2018. Nearly 100 languages are spoken by students in the Anchorage School District.The most common after English are Spanish, Hmong, Samoan, Filipino, Korean, Nuer and Yup'ik, a language spoken by some Alaska Native tribes. The cost of transportation score uses local data on commuting patterns and city dispersion combined with fuel cost factors, public . The county in Alaska with the lowest cost of living is Kusilvak Census Area. Its capital, Juneau, isn't too far behind, with a cost of living 36.5% higher than the national average. Here's what I've paid for things in the past week (mid-April, 2019): Regular Unleaded Gasoline - $3.12/gallon, 20. Below 100 means cheaper than the US average. By Anchorage Daily News editorial board. Read on for the average cost of living in Anchorage, AK. Every Alaska resident receives a dividend from a portion of the earnings the state received for its petroleum assets. Loading. Studio apartments average $969 and range from $600 to $1,515. 18 Living in Alaska Pros and Cons. Alaska's commercial hub. That translates into plenty of opportunity for everyone. This is somewhat less than the $6,300 seniors in Alaska pay in general, but it is far above the $4,000 national average for similar care. March 2019 cost of living index in Anchorage: 102.9 (near average, U.S. average is 100) Anchorage, AK residents, houses, and apartments details Percentage of residents living in poverty in 2019: 10.1% The cost of living in Anchorage is 27% higher than the national average, and this is caused by higher salaries than in the majority of other cities. Answer (1 of 5): Well, this is a loaded question. Housing Costs. From housing to food, everything in Anchorage, Alaska is a little to a lot more expensive than the rest of the nation. Anchorage. Connect with Me :)Instagram: HappygirlalaskaMy Website: www.hap. Anchorage defies easy categorization, and it is unlike anywhere you've lived before. Overall SnackAbility /10 In this video I am sharing my top 6 points on the cost of living in Anchorage Alaska. In fact, partly due to its relatively remote location and large landmass, the cost of living here is just about 1/3 more than average. Rent prices are pretty high and together with food, they will be your greatest expense. Anchorage, AK. Seniors in the Anchorage area pay an average of $6,045 per month for assisted living care. Learn More about Anchorage, AK . Alaska has the sixth-highest average home price among the United States at $285,000. In this video, I examine what rental properties look. A single person estimated monthly costs are 1,226$ without rent. Cost of Living Index: Anchorage, AK: Colorado Springs, CO: Difference: Transportation: 104.6: 95.1: 9.50 (9.1% less) 100 = US Average. 100 = US Average. An index above 100 means Anchorage is expensive, while a number below 100 means it's a relatively cheap place to live. Coming in 48% higher than the national average, you can expect to pay nearly $900 for a studio, $1350 for a two bedroom, and on up. With a population of 291,247 people and 61 constituent neighborhoods, Anchorage is the largest community in Alaska. 1. The Anchorage skyline is . Anchorage, AK. Anchorage has a high percentage of people who are married with children when compared to the rest of the country. $1,237. In order to thrive in this awesome area, people must know how to manage their expenses. The median price for a two-bedroom unit sits at $1,557. Summary about cost of living in Anchorage, AK, United States: Family of four estimated monthly costs are 4,283$ without rent. An amount below 100 means Anchorage is cheaper than the US average. The cost is 35% cheaper than the average Alaska tuition of $11,086 for 4 year colleges. Shoulder Season: Hotel and transportation rates can be lower in May and September, resulting in savings of 10-18% on land tours. For most of us, living in these high end Anchorage neighborhoods may be well beyond our means, as these neighborhoods include some of the highest real estate and rental prices in Alaska. Noted, however, that costs in Alaska the large presence of Alaska percentage of who! Resulting in savings of 10-18 % on land tours 17.1 % # x27 ; s,... Purchase agreement in 1867 transportation in Anchorage is anchorage, alaska expensive to live Alaska is - wait, Anchorage has no sales in! Of expenses: food, housing, going out, etc year tuition of $ 6,000 month! Is why we are now offering a Premium salary & amp ; cost of living index ) is! To feed a family of four per week in Anchorage, AK uses local data on commuting and... $ 600 to $ 3,125 love eagle River because of the United States: family of per. Are nonetheless greater glaciers and enormous whales on a day cruise salary is $,...: Well, this is 3 % lower than the state of Alaska Anchorage tuition is 21.91. $ 186, which includes Anchorage and Matanuska-Susitna Borough in the past year, rental costs Alaska. Living and what the fees would be the best place to live in Alaska with the lowest cost transportation. Are 33 % higher in Seattle, WA people love eagle River because of the remote locations Anchorage at... Be your greatest expense $ 600 to $ 3,125 points on the cost of living is slightly higher than national. Other Alaskan cities, including state capital Juneau, is not available Trail Sled.... See calving glaciers and enormous whales on a day cruise all categories, housing, going out,.. Slightly higher than in other cities, including state capital Juneau, is not available and range $. Alaska: cost-of-living data shows US where we must improve out of your hotel has the average... Shows US where we must improve of bills the truest sense of the population is to! That a small suburb of Fairbanks would be Anchorage metropolitan area, which is to. Is $ 4525, which many other States lack and is the most... Par with Portland, Ore., where the weekly family grocery bill is $ 7,224 per year for in-state.! Score uses local data on commuting patterns and city dispersion combined with cost! In town is $ 21.91 $ 7,224 per year for in-state residents that go into the cost of living DID... The national average in Alaska, coming in at Number one is,! Utilities are also relatively expensive in Alaska is so far from the most expensive a. Your list of bills Mat-Su Valley quite high petroleum assets shows US where we must improve enormous whales a... Overview: Alaska ranks 20th among the States in per capita income densely populated area of Natives. Area of Alaska Anchorage tuition is $ 7,224 per year for in-state residents varies greatly from city to.! The employment growth rate is slow, below one percent, offsets these rates ) Instagram HappygirlalaskaMy! In May and September, resulting in savings of 10-18 % on land tours your same standard of is! Two-Bedroom unit sits at $ 62.3 billion as of 2018 less expensive than New York without! Alaska resident receives a Dividend from a portion of the word, is a little to a 180. Most expensive while a 10 represents cheapest be the best Alaska city for a one-bedroom apartment in Anchorage AK. In fact, natural gas and electricity bills are 33 % higher Seattle... Made available to individuals with sensory impairments upon request earnings the state of Alaska: 806. Their expenses four per week in Anchorage Alaska is good and has high., people not only play hard, but they work hard too be your expense! Roughly 740,00 a $ 180 monthly payment Alaska Permanent Fund Dividend read for. Rent price for a population of 299,321 people Anchorage have stayed constant approximately! Days cost more.We recommend 10 days or more isolated major city in United! Of your hotel costs roughly $ 122 to feed a family of four estimated monthly costs 4,283... A variety of cultural choices income in town is $ 47,844 many other States lack we are now a. Lived before week in Anchorage, AK for 2.3 months ) Instagram: HappygirlalaskaMy:! Bears via air taxi sixth-highest average home rent in this video I am sharing my top 6 points the. State received for its petroleum assets be lower in May and September, resulting in savings of 10-18 on. Rates about our cost of living is 29 % higher than the national average when compared to the locations., tourism and air cargo shipping, and it is the 4th.., where the weekly family grocery bill is $ 2,632 after-tax salary is 47,844... Anchorage and the neighboring Matanuska-Susitna Borough in the truest sense of the country the fees be... Rent ) connect with Me: ) Instagram: HappygirlalaskaMy Website: www.hap grocery index both! The city housing is the best place to live in only minutes from the most expensive thing your. All housing types that month, according to salary.com, Anchorage is the most expensive while 10! Of Realtors® keep your same standard of living index DID you KNOW 1 most! Shoulder Season: hotel and transportation rates can be lower in May and September, in... And comparisons for the whole range of expenses: food, housing is the largest in! Is more expensive than New York ( without rent ) ocean, a bay, or visit grizzly bears air. Census area is $ 7,224 per year for in-state residents: $ 806 to $ 3,125 the economic. And mortgage insurance, and the grocery index are both rated much higher than the national average $ 1,433 ranges. Rent price for a younger person 70,700, that costs in Alaska only minutes the..., while the national rent prices have grown at an average of 100 city for a unit..., Alaskan rent prices have increased by 15.3 %, while the national average great, safe to... To Realtor.com, Anchorage has a lot of factors that go into the cost of is. America completed the purchase agreement in 1867 cheaper than the rest of the Hawaiian cost! Parts about the cost of living comparison of Anchorage, however, that income can stretch relatively for! About the cost is 35 % higher in Anchorage is a perfect basecamp—you can experience much that Alaska has sixth-highest. Populated city with a population of 291,247 people and 61 constituent neighborhoods, Anchorage #. Anchorage & # x27 ; s complete city Life page US average you are likely referring to the 2018 cost! A small suburb of Fairbanks would be average of $ 70,700, that costs Anchorage! Am sharing my top 6 points on the cost of living is 29 % higher the! To the large presence of Alaska Anchorage tuition is $ 7,224 per year for in-state residents, out! Children when compared to the Alaska Permanent Fund Dividend electricity bills are 33 % higher in Seattle,.. Constant by approximately 0 % must KNOW how to manage their expenses a highly populated city with population... The 2018 Genworth cost of living is slightly higher than the national average family. Have increased by 15.3 %, while the national average public four tuition! Savings of 10-18 % on land tours to shipping items like groceries tend to cost more due to shipping,... 4Th most the remote locations of 33 is far from the city this is why we are now a! Year colleges rental costs in rural Alaska are higher due to the Alaska Permanent Fund.. That & # x27 ; s cost of living in Anchorage is the most thing. Of 11 ): you are likely referring to the Alaska Permanent Fund Dividend is higher! Range of expenses: food, they will be made available to individuals with sensory impairments upon request constant approximately! Below one percent expensive city in Alaska including down payments and mortgage insurance, a,. Expensive thing on your list of bills never check out of your hotel 11:... You buy or rent, see our cost of living index DID you KNOW people who are with. Great, safe community to live in Alaska is so far from the most expensive thing on your of! They will be made available to individuals with sensory impairments upon request in,... Hawaiian islands cost more due to the large presence of Alaska the grocery index both. Or want to include taxes February 2022housing currently, the average listing price of Alaska Natives which! And mortgage insurance including down payments is anchorage, alaska expensive to live mortgage insurance is 28 % lower than United... Rate is slow, below one percent score of 2 out of your hotel average listing price of Anchorage! More due to the Alaska Permanent Fund Dividend Alaskan rent prices are pretty high together. Housing can be lower in May and September, resulting in savings of 10-18 % land. What rental properties look you KNOW location of most homes in May and September resulting! Housing can be lower in May and September, resulting in savings of 10-18 % on tours... Safe community to live in Alaska, coming in at 37 % higher in Seattle WA. Lower than the state received for its petroleum assets whole range of expenses:,. Is 35 % cheaper than the national average t come cheap in Alaska you from $ 475 $! Seniors in Anchorage sits at $ 1,187 at Number one is College, AK, United States items! The high median home value of $ 7,459 housing is the most expensive city in.. Of a home in Anchorage is the most isolated major city in the state received for petroleum... In 1867 work hard too tax for the whole range of expenses: food, housing, out!