Anchorage, AK Cost of Living (2024): How Expensive Is It?

What salary do you need to live in Anchorage, AK?

Overall, on average, a gross annual salary of $61,488 is required for an average quality of life in Anchorage, AK.

Does Anchorage, AK have a high cost of living?

Anchorage, AK is ranked 199th out of the top 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of expensive cities in which to live in the U.S. Anchorage, AK's average monthly rent is 32% lower than than the U.S. average cost of rent.

Is $75K a good salary in Anchorage, AK?

A gross annual salary of $75,000 in Anchorage, AK will yield an average annual net salary of $66,240. Considering that the total average annual cost of living in Anchorage, AK is $47,476, a gross annual salary of $75,000 will be sufficient to cover average living costs.

How much should I pay for rent in Anchorage, AK?

The average monthly rent in Anchorage, AK in the city center is $1,101 for a 1 bedroom apartment, $1,408 for a 2 bedroom apartment and $1,803 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,104 for a 1 bedroom apartment, $1,408 for a 2 bedroom apartment and $1,807 for a 3 bedroom apartment.