Cost of Living in Anchorage Municipality, AK

What does it cost to live in Anchorage Municipality? Income, housing, and affordability breakdown.

Median Income

$95,731

Median Rent

$1,405/mo

Median Home

$363,800

Affordability

338

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,840
Property Tax$397
Insurance$121

Total Monthly$2,358
% of Income29.6%

Renting

Median Rent$1,405
Renter's Insurance$25

Total Monthly$1,430
% of Income17.6%

Living in Anchorage Municipality, Alaska

Anchorage Municipality has a median household income of $95,731 with housing costs that represent 29.6% of income for owners and 17.6% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 338 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Alaska

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.