Median rent is 18% lower in Anchorage ($1,489/mo vs $1,823/mo). Buying is cheaper in Anchorage, where the median home runs $395,900 versus $843,400. Households earn more in Anchorage ($103,284 vs $86,504 a year).
City A
Anchorage, AK
City B
Urban Honolulu, HI
How much would you need to earn in Urban Honolulu, HI to maintain your standard of living from Anchorage, AK?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Anchorage
Alaska
Urban Honolulu
Hawaii
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Median rent is modestly lower in Anchorage at $1,489/mo compared to $1,823/mo in Urban Honolulu (18% gap). Home buyers face a steeper market in Urban Honolulu: the median home is $843,400 versus $395,900 in Anchorage — 53% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Anchorage
Income tax: N/A
Sales tax: N/A
Urban Honolulu
Income tax: N/A
Sales tax: N/A
Anchorage has cleaner air on average: 6.0 AQI (Good) compared to 18.0 AQI (Good) in the other city. Lower AQI means cleaner, healthier air.
Pick Anchorage if you prioritize higher median household income ($103,284/yr).
Pick Anchorage if you prioritize cheaper rent ($1,489/mo median).
Pick Anchorage if you prioritize cleaner air quality (avg AQI 6.0).
Is Anchorage cheaper than Urban Honolulu?
Cost of living index data is not yet available for one or both cities.
How much is rent in Anchorage vs Urban Honolulu?
Median rent is $1,489/mo in Anchorage, AK and $1,823/mo in Urban Honolulu, HI. Anchorage, AK has the lower rent by about 18%.
Which has higher salaries — Anchorage or Urban Honolulu?
Median household income is $103,284 in Anchorage, AK and $86,504 in Urban Honolulu, HI. Anchorage, AK has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Anchorage, AK has better air quality on average: 6.0 AQI versus 18.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Anchorage or Urban Honolulu?
State tax data is not yet available for one or both cities.
What salary do I need in Urban Honolulu to match my Anchorage income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
