Housing costs in Anchorage?
A typical home costs
$561,000, which is 65.9% more expensive than the national average of
$338,100 and 66.9% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Anchorage costs
$2,000 per month, which is 48.1% more than the national average of
$1,350 and 35.0% more than the state average of
$1,300.
Can I afford Anchorage?
To live comfortably in Anchorage (zip 99516), Alaska, a minimum annual income of
$107,640 for a family, and
$60,800 for a single person is recommended.
What does A.I. say about Anchorage?
The cost of living in 99516 Anchorage, AK is higher than the national average, due to its elevated cost of living index. Housing costs are particularly high, with the median home price hovering around $345,000 as of 2019. Groceries and healthcare costs also rank higher than the US average, while transportation and utilities tend to be more affordable. In general, the cost of living can vary significantly depending on one's lifestyle; however, those looking for a high quality of life should expect to pay more than in other parts of the country.