Anchorage Municipality · Alaska
Cost of living in Anchorage, AK
Price levels published by the Bureau of Economic Analysis for Anchorage, AK, with the national average set to 100 — so 108 means things cost 8% more here than the US average.
Quick answer
Living in Anchorage, AK costs 5.4% above the national average — an all-items price level of 105.4. To match the buying power of a $100,000 national-average salary you would need about $105,420 here.
- All items
- 105.4US average = 100
- Housing
- 109.99.9% above the national average
- Goods
- 107.37.3% above the national average
- Other services
- 103.33.3% above the national average
Price level by component
Where the difference actually comes from.
| Component | Index | vs US | What it covers |
|---|---|---|---|
| Goods | 107.3 | +7.3% | Groceries, fuel, clothing, durable purchases. |
| Housing | 109.9 | +9.9% | Rents and imputed rents — the biggest single swing factor. |
| Utilities | 111.8 | +11.8% | Electricity, gas, water and other household energy. |
| Other services | 103.3 | +3.3% | Healthcare, dining, repairs, personal services. |
What your salary is worth in Anchorage, AK
Enter a salary. We deflate it by the local price level (105.4 where 100 is the US average) and show what you would need to earn here to match the same pay somewhere average.
- Real value here
- $90,690
- Needed to match US average
- $100,787
- Monthly difference
- $432
What a local paycheck is really worth
Nominal pay is only half the story.
The median household in Anchorage earns $95,605. Deflated by the local price level, that is $90,690 in national-average dollars — the BEA calls this real income, and it is simply income × 100 ÷ 105.4.
More on Anchorage
Same city, other datasets.
2024 BEA Regional Price Parities, published for Anchorage, AK. Parities are metro-wide, so a single neighbourhood can sit well above or below these figures.