Cost of living index
Anchorage, AK
105.4 / 100
Living in Anchorage, AK is 5.4% more expensive than the US average.
Overall prices
105.4
Housing / rent
109.9
vs US average
+5.4%
What it costs to live in Anchorage, AK
Anchorage, AK has an overall price level of 105.4 compared with the national average of 100, meaning everyday costs run about 5.4% higher than a typical US metro. Housing tells the sharper story: at 109.9 it is 9.9% above the national average. Because rent and mortgage payments are the biggest line in most household budgets, that housing figure is usually what you’ll feel most when you move here.
Common questions
Is Anchorage, AK an expensive place to live?
Anchorage, AK has an overall cost-of-living index of 105.4, where 100 is the US average. That makes it about 5.4% more expensive than the country as a whole.
Is housing expensive in Anchorage, AK?
Housing in Anchorage, AK scores 109.9 against a US average of 100 — roughly 9.9% above average. Housing is usually the largest single cost, so it drives most of the overall difference.
How does Anchorage, AK compare to the US average cost of living?
Overall prices in Anchorage, AK sit at 105.4 versus 100 for the US average, with housing at 109.9. Figures come from the US Bureau of Economic Analysis for 2024.