Cost of Living in Anchorage, AK
Anchorage has a cost of living index of 127 (100 = national average), making it significantly more expensive than the national average. The median household income is $80,863 and the median home price is $370,000.
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Anchorage at a Glance
Population
291,247
Cost of Living Index
127
Median Income
$80,863
Median Home Price
$370,000
Property Tax Rate
1.23%
Sales Tax Rate
0.00%
Rent Index
105
State
Alaska
Living in Anchorage
Anchorage is one of the more expensive cities in the United States. Housing costs are a major factor, with the median home price at $370,000. However, the median household income of $80,863 partially offsets the higher costs.
The combined sales tax rate in Anchorage is 0.00%, and the effective property tax rate is 1.23%. Property taxes are close to the national average.