Cost of Living in Anchorage, AK
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
151.7
100 = national avg
+51.7 vs national average
Living Wage (1 Adult)
$66,750
per year
Living Wage (Family of 4)
$157,772
per year
Cost Index by Category
Housing179.6
Food125.0
Transportation150.0
Healthcare120.0
Utilities130.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,243
per month
2 Bedroom
$1,631
per month
The overall cost of living index in Anchorage is 151.7, which is 51.7% above the national average. Housing costs are above the national average at an index of 179.6. A single adult needs to earn approximately $66,750 per year to cover basic expenses.