Here's what it costs to live in Anchorage, Alaska, based on the latest US government data. Renters pay a median of $1,453 per month, while the typical home is valued around $375,900. Households earn a median of $98,152 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 12. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$98,152
Annual · Census ACS
Median Gross Rent
$1,453
Per month · Census ACS
Median Home Value
$375,900
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,152
HUD Fair Market Rent
1BR Fair Market Rent
$1,243
HUD FMR
2BR Fair Market Rent
$1,631
HUD FMR
3BR Fair Market Rent
$2,268
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
None
No statewide sales tax
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
289,069
Latest estimate
Median Age
34.9 yrs
Census ACS
Average AQI
12.0
Source: EPA AirNow
What is the cost of living index for Anchorage?
The cost of living index for Anchorage is not yet available in our database.
What is the median rent in Anchorage?
The median gross rent in Anchorage is $1,453 per month according to US Census ACS data.
What is the median household income in Anchorage?
The median household income in Anchorage is $98,152 per year.
What is the median home value in Anchorage?
The median home value in Anchorage is $375,900 based on the latest Census ACS survey.
How is the air quality in Anchorage?
Anchorage has an average Air Quality Index (AQI) of 12.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Anchorage?
Alaska has no state income tax on wages and no statewide sales tax (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology