Housing costs in Anchorage?
A typical home costs
$375,300, which is 11.0% more expensive than the national average of
$338,100 and 11.7% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$1,350 per month, which is 0.0% cheaper than the national average of
$1,350 and 3.7% more than the state average of
$1,300.
Can I afford Anchorage?
To live comfortably in Anchorage (zip 99502), Alaska, a minimum annual income of
$72,000 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in 99502 Anchorage, AK is quite high compared to the rest of the United States. According to BestPlaces, the cost of living index for Anchorage is 128.3, which means it is 28.3% more expensive than the national average. Rent prices are particularly steep with a one-bedroom apartment averaging $1,353 per month and a three-bedroom apartment costing an average of $2,150 per month. Groceries, healthcare, transportation and utilities also tend to be above average compared to other areas in the US. The overall cost of living in 99502 Anchorage makes it a place where you need to have a stable job and good income to be able to afford life there.