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Anchorage, AK

Cost of living in Anchorage, Alaska

Anchorage Municipality, AK

Part of the Anchorage Metro Area

Estimated monthly cost
$3,288/mo
for a single person, all categories combined

Population 289,069 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,191 36%
Federal tax $664 20%
Healthcare $480 15%
Groceries $368 11%
Transport $320 10%
Energy $205 6%
Water $60 2%
State tax $0 0%

Rent in Anchorage

Fair Market Rents by bedroom count.

Studio
$1,089
per month
1 bedroom
$1,191
per month
2 bedroom
$1,563
per month
3 bedroom
$2,190
per month
4 bedroom
$2,625
per month

Source: HUD FMR FY2025

Income and earnings in Anchorage

Annual earnings figures from the Census ACS.

Household income
$98,152
per year
Individual earnings
$50,617
per year
Per capita
$49,338
per year

Source: ACS 2019-2023 5-Year.

Home values in Anchorage

Average values reported by homeowners.

Average home value
$375,900
Annual property tax
$4,865

Source: ACS 2019-2023 5-Year

Energy costs in Anchorage

Estimated monthly electricity and gas costs.

Electricity
$139
per month · 24.4¢/kWh
Natural gas
$66
per month
Annual total
$2,460
per year

Source: EIA

Healthcare in Anchorage

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
10.0%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Anchorage

State and local tax rates for Alaska.

No state income tax
Alaska does not levy a personal income tax.
State sales tax
0.0%
Combined sales tax
1.8%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Anchorage

Commute patterns and estimated costs.

Average commute
19.0 min
Drive alone
71.0%
Public transit
1.4%
Work from home
9.6%

Source: ACS

Monthly cost estimates for Anchorage

What it costs to live in Anchorage each month.

Single person
$3,288
per month
  • Rent $1,191
  • Energy $205
  • Water $60
  • Groceries $368
  • Transport $320
  • Healthcare $480
  • Federal tax $664
  • State tax $0
Couple
$5,050
per month
  • Rent $1,563
  • Energy $246
  • Water $70
  • Groceries $610
  • Transport $420
  • Healthcare $864
  • Federal tax $1,277
  • State tax $0
Family
$7,855
per month
  • Rent $2,190
  • Energy $308
  • Water $85
  • Groceries $925
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $1,277
  • State tax $0

Frequently asked questions about Anchorage

Common questions about cost of living, rent and salary.

What is the average rent in Anchorage?

In Anchorage, Alaska, a one-bedroom apartment averages $1,191 per month, a two-bedroom averages $1,563 per month, a three-bedroom averages $2,190 per month, according to HUD Fair Market Rent data.

What is the average salary in Anchorage?

In Anchorage, Alaska, the average household income is $98,152 per year and individual earnings for full-time workers average $50,617 per year, according to U.S. Census Bureau data.

What is the cost of living in Anchorage?

The estimated cost of living in Anchorage, Alaska is approximately $3,288 per month for a single person, $5,050 for a couple, $7,855 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Anchorage?

The combined sales tax rate in Anchorage, Alaska is 1.82%, which includes the Alaska state rate of 0.00% plus an average local rate of 1.82%.

Is Anchorage an affordable place to live?

Based on the data, a single person in Anchorage, Alaska would need approximately $3,288 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $98,152 per year ($8,179 per month). Anchorage is relatively affordable compared to the national average.

How much does healthcare cost in Anchorage?

The ACA marketplace benchmark premium in Anchorage, Alaska is approximately $480 per month for an individual. Approximately 10.0% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Anchorage?

The average home value in Anchorage, Alaska is $375,900, with average annual property taxes of $4,865, according to U.S. Census Bureau data.

How does Anchorage compare to other areas?

You can compare Anchorage, Alaska with any other US county using our comparison tool at /compare. Anchorage is in the Anchorage, AK metro area.

Other counties in Alaska

Browse the full list of counties in Alaska, ranked by cost of living.

See all counties in Alaska

Compare Anchorage with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources