Cost of Living in Anchorage, AK
Population 288,976 · Census ACS 2020–2024 5-year estimates
The median rent in Anchorage, AK is $1,489/month, 5% higher than the Alaska median and 5% higher than the U.S. median. The median home value is $395,900, 19% higher than the national median. Households earn a median of $103,284 a year, 11% higher than the state median.
Affordability
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Anchorage vs. Alaska vs. U.S.
| Anchorage | Alaska | U.S. | |
|---|---|---|---|
| Median rent | $1,489 | $1,419 | $1,413 |
| Median home value | $395,900 | $352,900 | $332,700 |
| Median household income | $103,284 | $92,788 | $80,734 |
| Homeownership rate | 63.9% | 66.8% | 65.2% |
| Bachelor's degree or higher | 38.7% | 31.7% | 35.7% |
| Poverty rate | 8.9% | 10.1% | 12.5% |
| Unemployment rate | 4.6% | 5.9% | 5.2% |
| Work from home | 10.9% | 9.7% | 15.1% |
| Median age | 35.2 | 35.8 | 38.9 |
FAQ
What is the average rent in Anchorage, AK?
The median gross rent in Anchorage, AK is $1,489 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Anchorage, AK?
Using the common 30% rule, renting a median-priced home takes about $59,560 a year in gross income.
Is Anchorage, AK expensive to live in?
Rent there is 5% higher than the U.S. median, and the median home costs about 3.8 times the median household income.
Other cities in Alaska
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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