Living Cost Compare
Anchorage

Alaska

$1,320/mo est.

vs
Hilo

Hawaii

$1,550/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,320 in Anchorage, AK versus $1,550 in Hilo, HI. Overall, Anchorage, AK is roughly 15% cheaper to live in day-to-day than Hilo, HI, driven mainly by electricity costs.

Median household income is $98,152 in Anchorage, AK and $78,713 in Hilo, HI — about 20% higher in Anchorage, AK. Alaska has no state income tax and no state sales tax; Hawaii has a top state income tax rate of 11.00% and a 4% state sales tax.

Rent

Studio
$1,001
$1,180
+18% in Hilo, HI
1 Bedroom
$1,052
$964
+8% in Anchorage, AK
2 Bedroom
$1,433
$1,283
+10% in Anchorage, AK
3 Bedroom
$1,952
$1,587
+19% in Anchorage, AK

Buying a Home

Median Home Value
$375,900
$455,100
+21% in Hilo, HI

Income

Median Household Income
$98,152
$78,713
+20% in Anchorage, AK
Metro Median Wage (annual)
$60,200
$51,820
+14% in Anchorage, AK

People & Lifestyle

Median Age
34.9 yr
42.6 yr
+7.7 yr in Hilo, HI
Homeownership
63.7%
65.5%
+1.8 pp in Hilo, HI
Bachelor's+ (25+)
37.7%
34.0%
+3.7 pp in Anchorage, AK
Avg Commute
19.0 min
20.1 min
+1.1 min in Hilo, HI

Crime (per 100k/yr)

Violent Crime
1,016.5
245.4
+76% in Anchorage, AK
Property Crime
2,796.2
2,043.9
+27% 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
73.9°F
+36.5°F in Hilo, HI
Annual Precipitation
17.9 in
126.7 in
+108.8 in in Hilo, HI

Gas

Regular Gasoline
$5.09/gal
$5.09/gal
about equal

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

Utilities

Electricity (¢/kWh)
28.2
52.0
+84% in Hilo, HI
Natural Gas ($/MCF)
$14.40
$70.84
+392% in Hilo, HI

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

Groceries

Milk (gal)
$4.82
$4.82
about equal
Bread (lb)
$2.04
$2.04
about equal
Eggs (doz)
$2.19
$2.19
about equal
Ground Beef (lb)
$7.36
$7.36
about equal
Chicken (lb)
$2.01
$2.01
about equal
Bananas (lb)
$0.70
$0.70
about equal

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

State Taxes

Sales Tax (AK / HI)
None
4%
+4.0 pp in HI
Income Tax (top rate)
None
11.00%
+11.0 pp in HI

Anchorage vs Hilo — FAQ

Is it cheaper to live in Anchorage or Hilo?
Anchorage, AK is cheaper. Its monthly baseline of $1,320 (1BR rent + utilities) runs about 15% below Hilo, HI's $1,550, mainly because of electricity costs.
How much more do you need to earn to live in Anchorage than in Hilo?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $42,000 a year in Anchorage versus $39,000 in Hilo.
Which has lower taxes, Anchorage or Hilo?
Anchorage is taxed under Alaska's rules (no state income tax and no state sales tax); Hilo under Hawaii's (a top state income tax rate of 11.00% and a 4% 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).