Cost of living in Anchorage

In Anchorage, United States, a single person typically needs around $2417 per month including rent. A family of four may spend about $5710 monthly.

How expensive is Anchorage compared to other cities?

Anchorage is 69% more expensive overall versus the European benchmark.

How does Anchorage compare to your city?

Anchorage is 31% cheaper than New York City, without rent.

Rent in Anchorage is, on average, 46% lower than in New York City.

What drives the cost of living in Anchorage?

Who is Anchorage a good fit for?

Anchorage is most realistic when moving with a strong job offer or relocation package. Without high income, the housing-driven price level can be difficult to sustain.

FAQ

Why is Anchorage so expensive?

The primary reason for Anchorage's high cost of living is the significant expense of rent and utilities. This makes it challenging for those without substantial income to manage living costs.

Is food expensive in Anchorage?

Yes, food costs in Anchorage are 48% higher than the European benchmark. This adds to the overall financial burden for residents.

Is public transport affordable in Anchorage?

Public transport in Anchorage is 12% higher than the European benchmark. While it is available, costs can be a consideration for daily commuters.

Cost of living breakdown

Cost of Living, one person, including rent
2417 $
Without Rent
991 $
Rent & Utilities
1427 $
Food
705 $
Transport
84 $
Monthly Salary, after tax
4462 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
291.0K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 21 $
Dinner 88.1 $
Fast food, McDonalds or KFC 11.6 $
Beer, 0.5 L or 16 fl oz 7.52 $
Capuccino 5.05 $
Coke, 330ml 2.54 $

Compare Anchorage with:

Markets

Milk, 1 L or 1 qt 1.16 $
Bread, 0.5 kg or 1 lb 4.23 $
Rice, 1 kg or 2 lb 4.44 $
Eggs, 12 pack 3.1 $
Cheese, 1 kg or 2 lb 12.5 $
Chicken Breast, 1 kg or 2 lb 12.7 $
Round Steak, 1 kg or 2 lb 20.7 $
Apples, 1 kg or 2 lb 7.29 $
Banana, 1 kg or 2 lb 1.98 $
Oranges, 1 kg or 2 lb 6.01 $
Tomato, 1 kg or 2 lb 6.98 $
Potato, 1 kg or 2.2 lb 2.12 $
Onion, 1 kg or 2.2 lb 3.09 $
Water, 1 L or 1 qt 1.73 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 3.36 $
Wine, 750 mL bottle 16.1 $
Beer, 0.5 L or 16 fl oz 1.72 $
Cigarette pack 11 $

Transportation

One-way Ticket 1.99 $
Monthly Pass 60.5 $
Gas or Petrol, 1l or 0.26 gal 1.08 $
Taxi, 8 km 16.5 $

Personal Care

Doctor Visit, private clinic 181 $
Cold medicine, for 1 week 9.19 $
Hair Shampoo, 400 ml or 12 oz. 4.68 $
Toilet paper, 4 rolls 4.43 $
Toothpaste, 1 tube 2.47 $

Utilities per Month

1 person, electricity, heating, water & garbage 215 $
Family of 4, electricity, heating, water & garbage 329 $
Internet plan, +60 Mbps 136 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,041 $
3 Bedroom Apartment, outside of center, 85 sq.m 2,123 $
1 Bedroom Apartment, in city center, 40 sq.m 1,217 $
3 Bedroom Apartment, in city center, 85 sq.m 2,378 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 2,682 $
Price per Square Meter to Buy House, in suburbs 2,496 $

Salaries and Financing

Average Monthly Net Salary, after tax 4,462 $
Mortgage Interest Rate, for 20 years fixed-rate 6.61%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 86.2 $
Cinema, 1 seat 15 $
Haircut 23.8 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 88.9 $
Brand Jeans, Levis 501 45.1 $

Childcare

Preschool, full day, monthly for 1 child 953 $
International Primary School, yearly for 1 child 10,276 $

Compare Anchorage with other top cities

Cayman Islands
Anchorage vs George Town (George Town is 51% more expensive)
Bahamas
Anchorage vs Nassau (Nassau is 14% more expensive) Anchorage vs Freeport (Freeport is 9% less expensive)
Vanuatu
Anchorage vs Port Vila (Port Vila is 3% less expensive) Anchorage vs Luganville (Luganville is 26% more expensive)
United States
Anchorage vs New York City (New York City is 68% more expensive) Anchorage vs Los Angeles (Los Angeles is 32% more expensive) Anchorage vs Chicago (Chicago is 10% more expensive) Anchorage vs Houston (Houston is 7% less expensive) Anchorage vs Phoenix (Phoenix is 2% less expensive) Anchorage vs Philadelphia (Philadelphia is 5% more expensive) Anchorage vs San Antonio (San Antonio is 9% less expensive) Anchorage vs San Diego (San Diego is 38% more expensive) Anchorage vs Dallas (Dallas is 6% more expensive) Anchorage vs San Jose (San Jose is 52% more expensive)
Canada
Anchorage vs Toronto (Toronto is 7% more expensive) Anchorage vs Montreal (Montreal is 19% less expensive) Anchorage vs Calgary (Calgary is 11% less expensive) Anchorage vs Ottawa (Ottawa is 7% less expensive) Anchorage vs Edmonton (Edmonton is 26% less expensive) Anchorage vs Winnipeg (Winnipeg is 27% less expensive) Anchorage vs Mississauga (Mississauga is 2% more expensive) Anchorage vs Vancouver (Vancouver is 10% more expensive) Anchorage vs Brampton (Brampton is 12% less expensive) Anchorage vs Hamilton (Hamilton is 11% less expensive)
Barbados
Anchorage vs Bridgetown (Bridgetown is 44% less expensive) Anchorage vs Holetown (Holetown is 42% less expensive)
Panama
Anchorage vs Panama City (Panama City is 43% less expensive) Anchorage vs Colon (Colon is 51% less expensive) Anchorage vs Tocumen (Tocumen is 49% less expensive) Anchorage vs Santiago de Veraguas (Santiago de Veraguas is 56% less expensive) Anchorage vs David (David is 66% less expensive) Anchorage vs La Chorrera (La Chorrera is 61% less expensive) Anchorage vs Balboa (Balboa is 48% less expensive) Anchorage vs Pacora (Pacora is 48% less expensive) Anchorage vs Chitre (Chitre is 55% less expensive) Anchorage vs Penonome (Penonome is 55% less expensive)
Saint Kitts And Nevis
Anchorage vs Basseterre (Basseterre is 49% less expensive) Anchorage vs Cayon (Cayon is 49% less expensive)
Cuba
Anchorage vs Havana (Havana is 58% less expensive) Anchorage vs Santiago de Cuba (Santiago de Cuba is 41% less expensive) Anchorage vs Holguin (Holguin is 47% less expensive) Anchorage vs Camaguey (Camaguey is 37% less expensive) Anchorage vs Santa Clara (Santa Clara is 56% less expensive) Anchorage vs Bayamo (Bayamo is 52% less expensive) Anchorage vs Guantanamo (Guantanamo is 36% less expensive) Anchorage vs Las Tunas (Las Tunas is 36% less expensive) Anchorage vs Pinar del Rio (Pinar del Rio is 55% less expensive) Anchorage vs Cienfuegos (Cienfuegos is 64% less expensive)
Costa Rica
Anchorage vs San Jose (San Jose is 49% less expensive) Anchorage vs Limon (Limon is 50% less expensive) Anchorage vs Liberia (Liberia is 63% less expensive) Anchorage vs Alajuela (Alajuela is 49% less expensive) Anchorage vs Puntarenas (Puntarenas is 47% less expensive) Anchorage vs Cartago (Cartago is 60% less expensive) Anchorage vs Heredia (Heredia is 48% less expensive) Anchorage vs Tamarindo (Tamarindo is 30% less expensive) Anchorage vs Santa Teresa (Santa Teresa is 46% less expensive)
Saint Lucia
Anchorage vs Castries (Castries is 52% less expensive) Anchorage vs Vieux Fort (Vieux Fort is 51% less expensive)
Jamaica
Anchorage vs Kingston (Kingston is 45% less expensive) Anchorage vs Spanish Town (Spanish Town is 68% less expensive) Anchorage vs Montego Bay (Montego Bay is 58% less expensive) Anchorage vs Half Way Tree (Half Way Tree is 52% less expensive) Anchorage vs May Pen (May Pen is 66% less expensive) Anchorage vs Mandeville (Mandeville is 60% less expensive) Anchorage vs Old Harbour (Old Harbour is 65% less expensive) Anchorage vs Linstead (Linstead is 57% less expensive) Anchorage vs Savanna-la-Mar (Savanna-la-Mar is 54% less expensive) Anchorage vs Port Antonio (Port Antonio is 53% less expensive)
El Salvador
Anchorage vs San Salvador (San Salvador is 51% less expensive) Anchorage vs Santa Ana (Santa Ana is 71% less expensive) Anchorage vs Soyapango (Soyapango is 51% less expensive) Anchorage vs San Miguel (San Miguel is 55% less expensive) Anchorage vs Mejicanos (Mejicanos is 52% less expensive) Anchorage vs Apopa (Apopa is 53% less expensive) Anchorage vs Santa Tecla (Santa Tecla is 50% less expensive) Anchorage vs Ahuachapan (Ahuachapan is 40% less expensive) Anchorage vs Usulutan (Usulutan is 55% less expensive) Anchorage vs Sonsonate (Sonsonate is 64% less expensive)
Antigua And Barbuda
Anchorage vs St. John's (St. John's is 55% less expensive) Anchorage vs All Saints (All Saints is 55% less expensive)
Grenada
Anchorage vs St. George's (St. George's is 56% less expensive) Anchorage vs Grenville (Grenville is 56% less expensive)
Dominica
Anchorage vs Roseau (Roseau is 59% less expensive) Anchorage vs Portsmouth (Portsmouth is 53% less expensive)
Saint Vincent
Anchorage vs Kingstown (Kingstown is 59% less expensive) Anchorage vs Georgetown (Georgetown is 58% less expensive)
Belize
Anchorage vs Belize City (Belize City is 64% less expensive) Anchorage vs San Ignacio (San Ignacio is 55% less expensive) Anchorage vs Belmopan (Belmopan is 70% less expensive) Anchorage vs San Pedro Town (San Pedro Town is 45% less expensive) Anchorage vs Caye Caulker (Caye Caulker is 35% less expensive)
Guatemala
Anchorage vs Guatemala City (Guatemala City is 58% less expensive) Anchorage vs Mixco (Mixco is 74% less expensive) Anchorage vs Coban (Coban is 62% less expensive) Anchorage vs Quetzaltenango (Quetzaltenango is 68% less expensive) Anchorage vs Jalapa (Jalapa is 63% less expensive) Anchorage vs San Miguel Petapa (San Miguel Petapa is 63% less expensive) Anchorage vs Momostenango (Momostenango is 64% less expensive) Anchorage vs Mazatenango (Mazatenango is 64% less expensive) Anchorage vs Flores (Flores is 64% less expensive) Anchorage vs Panajachel (Panajachel is 67% less expensive)
Honduras
Anchorage vs Tegucigalpa (Tegucigalpa is 66% less expensive) Anchorage vs San Pedro Sula (San Pedro Sula is 57% less expensive) Anchorage vs Choloma (Choloma is 75% less expensive) Anchorage vs La Ceiba (La Ceiba is 73% less expensive) Anchorage vs El Progreso (El Progreso is 63% less expensive) Anchorage vs Villanueva (Villanueva is 64% less expensive) Anchorage vs Comayagua (Comayagua is 70% less expensive) Anchorage vs Puerto Cortes (Puerto Cortes is 70% less expensive) Anchorage vs Yoro (Yoro is 70% less expensive) Anchorage vs La Lima (La Lima is 64% less expensive)
Dominican Republic
Anchorage vs Santiago de los Caballeros (Santiago de los Caballeros is 67% less expensive) Anchorage vs Santo Domingo (Santo Domingo is 57% less expensive) Anchorage vs Puerto Plata (Puerto Plata is 68% less expensive) Anchorage vs Higuey (Higuey is 68% less expensive) Anchorage vs La Vega (La Vega is 76% less expensive) Anchorage vs San Cristobal (San Cristobal is 66% less expensive) Anchorage vs San Pedro de Macoris (San Pedro de Macoris is 70% less expensive) Anchorage vs San Francisco de Macoris (San Francisco de Macoris is 78% less expensive) Anchorage vs San Juan de la Maguana (San Juan de la Maguana is 74% less expensive) Anchorage vs Bonao (Bonao is 78% less expensive)
Nicaragua
Anchorage vs Managua (Managua is 68% less expensive) Anchorage vs Leon (Leon is 74% less expensive) Anchorage vs Masaya (Masaya is 71% less expensive) Anchorage vs Matagalpa (Matagalpa is 77% less expensive) Anchorage vs Chinandega (Chinandega is 74% less expensive) Anchorage vs Esteli (Esteli is 75% less expensive) Anchorage vs Granada (Granada is 71% less expensive) Anchorage vs Jinotega (Jinotega is 81% less expensive) Anchorage vs Juigalpa (Juigalpa is 73% less expensive) Anchorage vs San Juan del Sur (San Juan del Sur is 63% less expensive)