Cost of Living in Anchorage

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

  • The estimated monthly costs for a family of four are 5,204.7$, excluding rent (using our estimator).
  • The estimated monthly costs for a single person are 1,459.6$, excluding rent.
  • Anchorage is 0.0% more expensive than Los Angeles (excluding rent, see our cost of living index).
  • Rent in Anchorage is, on average, 46.6% lower than in Los Angeles.
Restaurants
Edit Range
Meal at an Inexpensive Restaurant 25.00 $ 15.00-40.00
Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) 100.00 $ 66.00-125.00
Combo Meal at McDonald's (or Equivalent Fast-Food Meal) 15.00 $ 13.00-18.00
Domestic Draft Beer (1 Pint) 8.00 $ 5.00-15.00
Imported Beer (12 oz Small Bottle) 8.00 $ 6.00-14.00
Cappuccino (Regular Size) 5.88 $ 4.00-9.00
Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) 3.00 $ 2.50-5.00
Bottled Water (12 oz) 2.37 $ 1.99-4.00
Markets
Edit
Milk (Regular, 1 Liter) 1.09 $ 0.79-1.53
Fresh White Bread (1 lb Loaf) 3.79 $ 2.50-4.99
White Rice (1 lb) 2.01 $ 0.89-2.49
Eggs (12, Large Size) 4.40 $ 2.00-7.00
Local Cheese (1 lb) 5.60 $ 3.99-7.00
Chicken Fillets (1 lb) 5.79 $ 2.99-16.00
Beef Round or Equivalent Back Leg Red Meat (1 lb) 9.49 $ 3.49-15.86
Apples (1 lb) 4.06 $ 2.49-6.89
Bananas (1 lb) 0.89 $ 0.87-1.79
Oranges (1 lb) 2.94 $ 1.99-3.80
Tomatoes (1 lb) 3.04 $ 2.29-3.99
Potatoes (1 lb) 1.09 $ 0.59-1.49
Onions (1 lb) 1.31 $ 0.60-2.19
Lettuce (1 Head) 2.95 $ 2.49-3.29
Bottled Water (50 oz) 2.22 $ 1.50-2.99
Bottle of Wine (Mid-Range) 16.00 $ 15.00-45.00
Domestic Beer (16.9 oz Bottle) 1.73 $ 1.29-1.73
Imported Beer (12 oz Small Bottle) 3.85 $ 2.16-4.25
Cigarettes (Pack of 20, Marlboro) 12.73 $ 12.37-14.00
Transportation
Edit
One-Way Ticket (Local Transport) 2.00 $ 2.00-2.00
Monthly Public Transport Pass (Regular Price) 60.00 $ 60.00-60.00
Taxi Start (Standard Tariff) 2.75 $ 2.75-2.75
Taxi 1 mile (Standard Tariff) 3.00 $ 2.75-3.00
Taxi 1 Hour Waiting (Standard Tariff) 42.00 $ 38.00-42.00
Gasoline (1 Liter) 0.98 $ 0.91-1.10
Volkswagen Golf 1.5 (or Equivalent New Compact Car) 33,740.00 $ 33,679.00-34,500.00
Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) 25,505.40 $ 25,505.40-26,877.00
Utilities (Monthly)
Edit
Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) 291.20 $ 200.00-525.00
Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) 70.00 $ 26.00-129.00
Broadband Internet (Unlimited Data, 60 Mbps or Higher) 123.60 $ 79.00-300.00
Sports And Leisure
Edit
Monthly Fitness Club Membership 85.00 $ 30.00-189.00
Tennis Court Rental (1 Hour, Weekend) 40.00 $ 40.00-40.00
Cinema Ticket (International Release) 13.00 $ 12.00-15.00
Childcare
Edit
Private Full-Day Preschool or Kindergarten, Monthly Fee per Child 1,160.00 $ 1,000.00-1,200.00
International Primary School, Annual Tuition per Child 10,350.00 $ 10,350.00-10,350.00
Clothing And Shoes
Edit
Jeans (Levi's 501 or Similar) 46.80 $ 22.00-70.00
Summer Dress in a Chain Store (e.g. Zara or H&M) 45.00 $ 45.00-65.00
Nike Running Shoes (Mid-Range) 100.33 $ 70.00-125.00
Men's Leather Business Shoes 120.00 $ 45.00-200.00
Rent Per Month
Edit
1 Bedroom Apartment in City Centre 1,562.60 $ 1,500.00-1,800.00
1 Bedroom Apartment Outside of City Centre 1,267.00 $ 1,200.00-1,650.00
3 Bedroom Apartment in City Centre 2,688.00 $ 2,440.00-3,000.00
3 Bedroom Apartment Outside of City Centre 2,110.00 $ 1,700.00-2,600.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 313.35 $ 250.00-440.36
Price per Square Feet to Buy Apartment Outside of Centre 255.01 $ 230.00-268.49
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,560.67 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.21 6.00-6.80

Prices in Anchorage, Alaska

This city had 145 entries in the past 12 months by 18 different contributors.
Last update: 31 December 2025
Sources and References
Distribution of Expenses Using Our Statistical Model:
Salary Calculator:Got a job offer in Anchorage? Estimate your take-home pay with our Salary Calculator for Anchorage.
  
  
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5 Comments so far
K on Mar 07, 2024:
@Liz
So, because you can't read that the price was for a pack of cigarettes and not a carton. You'll use a different site?

Dimwit.
Liz on Dec 14, 2021:
The cost of cigarettes on your site says it's $10 a carton I had to look that up and the actual cost is on par with the rest of the world a little higher the cost is actually $88.19 that's a huge difference. Looks like some of the costs were guesses instead of real costs..I could go on and on....Unfortunately I came to see real costs, so I'll check other websites..
Lousianagal on Oct 16, 2021:
Cost of living and housing cost have increased across the board in the US. A home that used to be 150,000.00 a year ago is now $300,000.00. The price of land has increased as well as more & more people seek to move away from the larger cities. It’s unbelievable
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