Cost of Living in Anchorage

Summary about cost of living in Anchorage, AK, United States:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 15.00 $ 12.00-25.00
Meal for 2 People, Mid-range Restaurant, Three-course 69.50 $ 50.00-100.00
McMeal at McDonalds (or Equivalent Combo Meal) 9.00 $ 8.50-11.00
Domestic Beer (1 pint draught) 6.00 $ 3.00-10.00
Imported Beer (12 oz small bottle) 7.75 $ 6.50-10.00
Cappuccino (regular) 4.56 $ 3.00-6.00
Coke/Pepsi (12 oz small bottle) 2.17 $ 2.00-2.69
Water (12 oz small bottle) 1.83 $ 1.50-2.69
Markets
Edit
Milk (regular), (1 gallon) 3.79 $ 2.89-5.00
Loaf of Fresh White Bread (1 lb) 3.65 $ 2.00-5.00
Rice (white), (1 lb) 3.35 $ 1.00-5.00
Eggs (regular) (12) 3.01 $ 2.00-3.89
Local Cheese (1 lb) 6.63 $ 4.00-10.95
Chicken Fillets (1 lb) 4.43 $ 2.69-5.49
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.12 $ 5.00-10.00
Apples (1 lb) 3.15 $ 2.29-3.99
Banana (1 lb) 0.98 $ 0.69-3.00
Oranges (1 lb) 2.97 $ 0.91-5.00
Tomato (1 lb) 2.67 $ 1.89-3.00
Potato (1 lb) 1.75 $ 0.45-2.00
Onion (1 lb) 1.64 $ 0.99-2.50
Lettuce (1 head) 2.44 $ 1.99-3.00
Water (1.5 liter bottle) 2.34 $ 1.49-3.00
Bottle of Wine (Mid-Range) 15.00 $ 12.00-20.00
Domestic Beer (0.5 liter bottle) 2.17 $ 1.14-5.71
Imported Beer (12 oz small bottle) 4.25 $ 2.00-5.00
Cigarettes 20 Pack (Marlboro) 10.00 $ 9.50-12.00
Transportation
Edit
One-way Ticket (Local Transport) 2.00 $ 2.00-3.00
Monthly Pass (Regular Price) 60.00 $ 60.00-60.00
Taxi Start (Normal Tariff) 2.75 $ 2.75-4.00
Taxi 1 mile (Normal Tariff) 2.50 $ 2.50-4.00
Taxi 1hour Waiting (Normal Tariff) 41.50 $ 35.00-50.00
Gasoline (1 gallon) 2.88 $ 2.23-3.70
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,000.00 $ 22,500.00-32,500.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 21,355.50 $ 20,000.00-25,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 288.94 $ 198.33-400.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.15 $
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 128.10 $ 96.99-175.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 73.25 $ 24.95-140.00
Tennis Court Rent (1 Hour on Weekend) 15.00 $
Cinema, International Release, 1 Seat 12.50 $ 12.00-16.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,000.00 $ 800.00-1,200.00
International Primary School, Yearly for 1 Child 7,000.00 $ 6,000.00-8,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 47.00 $ 30.00-65.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 33.00 $ 25.00-40.00
1 Pair of Nike Running Shoes (Mid-Range) 78.54 $ 50.00-85.00
1 Pair of Men Leather Business Shoes 91.00 $ 65.00-225.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,140.00 $ 900.00-1,500.00
Apartment (1 bedroom) Outside of Centre 944.12 $ 800.00-1,400.00
Apartment (3 bedrooms) in City Centre 1,848.53 $ 1,600.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,675.00 $ 1,575.00-1,800.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 279.21 $ 200.00-457.75
Price per Square Feet to Buy Apartment Outside of Centre 175.83 $ 150.00-200.00
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,352.37 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.26 3.25-5.00

Prices in Anchorage, Alaska

This city had 508 entries in the past 12 months by 45 different contributors.
Last update: June 2021
Sources and References
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4 Comments so far
Kami on Apr 25, 2021:
I have always wanted to live and enjoy the best part of my life there, my last 50 yrs. Yes, I’m one of “those “ people that watch all the Alaska shows I could. But looking today, the cost has gone up 100-150% in the past 6-8 months, and some of the SAME houses were still for sale but, much more expensive. Can someone PLEASE tell me why? Here in Arkansas the cost went way down 9-12 months ago and now barley starting to going up Due to no supply but, HIGH demand. Mine is worth about $169;00 1250 sg ft. Which is very good for a 25 yr. old on a big corner lot. This is a big college town and they are building for them not families.
I want to come out and get hooked up with a realtor that will show me houses after sending me info on a BUNCH. Areas I’m thinking—Homer—Kachemak Bay-Fritz Creek-(Anchor Point-Nikolaevsk)MAYBE if the same realtor serves those areas.
Any info regarding this would be greatly appreciated. Just send me an e-mail.
Anonymous on Oct 06, 2020:
please alaska is the best state for mr to live...so how can i come there
GAY-RAT on Jan 06, 2020:
Who would even want to live in Alaska, anyways?
Rosalinda on Jun 22, 2017:
Hi Lyne,
These prices are the average ones, however you can find some cheaper options. First and foremost, get a costco membership- they charge almost the same rate for food as in Washington and Oregon, which is much lower than other stores. I would suggest that you look into buying a house if you can- rent here is high, but the purchase price of homes is actually the same or lower than in most of the urban areas I have lived in. Even if you have to sell it at a loss, the mortgage payment on a 2 or 3 bedroom house is going to be much cheaper than rent on an apartment. Keep in mind that the rental price for most units covers your utilities except electric, phone and internet, so even though rent looks high, for covering your heat, gas, water, sewer, and trash it is actually not that bad. I can rent a 2 bedroom apartment for $900 a month, so the prices here seem to be over-inflated. Electric seems cheap to me, but then again I don't use much electricity. Expect to pay about 25% higher prices than in the lower 48 for eating out here in anchorage. There is a lot of things to do, all the high schools have public indoor swimming pools in them, tons of paved bike paths, wildlife to view, and a lot of outdoor activities.