Living Cost Compare
Anchorage

Alaska

$1,330/mo est.

vs
Cranston

Rhode Island

$1,330/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,330 in Anchorage, AK versus $1,330 in Cranston, RI. The two are close overall, within a few percent of each other.

Median household income is $98,152 in Anchorage, AK and $87,716 in Cranston, RI — about 11% higher in Anchorage, AK. Alaska has no state income tax and no state sales tax; Rhode Island has a top state income tax rate of 5.99% and a 7% state sales tax.

Rent

Studio
$1,001
1 Bedroom
$1,052
$1,032
+2% in Anchorage, AK
2 Bedroom
$1,433
$1,438
+0% in Cranston, RI
3 Bedroom
$1,952
$1,688
+14% in Anchorage, AK

Buying a Home

Median Home Value
$375,900
$348,800
+7% in Anchorage, AK

Income

Median Household Income
$98,152
$87,716
+11% in Anchorage, AK
Metro Median Wage (annual)
$60,200
$53,680
+11% in Anchorage, AK

People & Lifestyle

Median Age
34.9 yr
40.1 yr
+5.2 yr in Cranston, RI
Homeownership
63.7%
67.3%
+3.6 pp in Cranston, RI
Bachelor's+ (25+)
37.7%
35.8%
+1.9 pp in Anchorage, AK
Avg Commute
19.0 min
23.8 min
+4.8 min in Cranston, RI

Crime (per 100k/yr)

Violent Crime
1,016.5
93.1
+91% in Anchorage, AK
Property Crime
2,796.2
1,065.4
+62% in Anchorage, AK

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature
37.4°F
51.6°F
+14.2°F in Cranston, RI
Annual Precipitation
17.9 in
47.2 in
+29.3 in in Cranston, RI

Gas

Regular Gasoline
$5.21/gal
$3.94/gal
+24% in Anchorage, AK

Area: West Coast (PADD 5) vs East Coast (PADD 1).

Utilities

Electricity (¢/kWh)
28.2
29.2
+4% in Cranston, RI
Natural Gas ($/MCF)
$17.35
$25.75
+48% in Cranston, RI

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)
$4.82
$4.31
+10% in Anchorage, AK
Bread (lb)
$2.04
$1.92
+6% in Anchorage, AK
Eggs (doz)
$2.19
$2.19
about equal
Ground Beef (lb)
$7.36
$6.90
+6% in Anchorage, AK
Chicken (lb)
$2.01
$2.19
+9% in Cranston, RI
Bananas (lb)
$0.70
$0.69
about equal

Average prices — West vs Northeast (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (AK / RI)
None
7%
+7.0 pp in RI
Income Tax (top rate)
None
5.99%
+6.0 pp in RI

Anchorage vs Cranston — FAQ

Is it cheaper to live in Anchorage or Cranston?
They're close. Anchorage, AK runs about $1,330 a month and Cranston, RI about $1,330 (1BR rent + utilities) — within a few percent of each other.
How much more do you need to earn to live in Anchorage than in Cranston?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $42,000 a year in Anchorage versus $41,000 in Cranston.
Which has lower taxes, Anchorage or Cranston?
Anchorage is taxed under Alaska's rules (no state income tax and no state sales tax); Cranston under Rhode Island's (a top state income tax rate of 5.99% and a 7% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).