Cost of Living in Anchorage, AK
Population: 289,069 • 2026 Data
$98,152
Median Household Income
+27% vs national
$1,453
Median Monthly Rent
+8% vs national
$375,900
Median Home Value
+11% vs national
4.3%
Unemployment Rate
Housing in Anchorage
The median home value in Anchorage, AK is $375,900. Monthly rent for a typical unit averages $1,453, while total monthly housing costs (including utilities and insurance) average $1,698.
Rent-to-income ratio: 17.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Anchorage, AK is $98,152. The unemployment rate stands at 4.3%, with a labor force of 158,566 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.