What is the cost of living in Anchorage?

The cost of living in Anchorage is 39.1% cheaper than New York City (index: 60.9). Groceries are 9.6% cheaper than NYC. Restaurants are 6.1% cheaper than NYC. A 1-bedroom apartment in the city centre costs approximately USD 1,760 per month. Local purchasing power index is 137.9 (NYC = 100).

🇺🇸 AK, United States · #49 of 577 cities · 2026

Should I Move to Anchorage?

Q: Should I move to Anchorage?

Anchorage, AK, United States has a cost of living 39.1% cheaper than New York City (index: 60.9). It is ranked #49 out of 577 cities globally. Local purchasing power is very strong (index: 137.9 vs NYC = 100). Use our salary comparison calculator to see exactly how your take-home pay would change.

39.1% cheaper than NYC, and purchasing power is very strong.

Run the calculator below with your actual salary to get a personalised answer.

-39.1%

vs NYC

USD 1,760

1-BR, city centre

137.9

Purchasing Power

Very strong

Purchasing Power

Cost index: Numbeo, blended with Expatistan and LivingCost where available (NYC = 100) · Data from October 2026

Personalised Answer

Compare your salary: move to Anchorage?

Cost breakdown: Anchorage

Cost indices vs NYC = 100

Cost of Living

60.9 Very expensive

Rent

38.8 Affordable

Groceries

90.4 Above average

Restaurants

93.9 Above average

Purchasing Power

137.9 Very strong

Rent in Anchorage

1-BR, city centre USD 1,760/mo

1-BR, outside centre USD 1,384/mo

3-BR, city centre USD 2,857/mo

3-BR, outside centre USD 2,442/mo

Save by going outside centre 21% cheaper

Numbeo · 2026-10-02

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