Living Cost Compare
Anchorage

Alaska

$1,330/mo est.

vs
Jersey City

New Jersey

$2,100/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 $2,100 in Jersey City, NJ. Overall, Anchorage, AK is roughly 37% cheaper to live in day-to-day than Jersey City, NJ, driven mainly by rent.

Median household income is $98,152 in Anchorage, AK and $94,813 in Jersey City, NJ — about 3% higher in Anchorage, AK. Alaska has no state income tax and no state sales tax; New Jersey has a top state income tax rate of 10.75% and a 6.625% state sales tax.

Rent

Studio
$1,001
$1,949
+95% in Jersey City, NJ
1 Bedroom
$1,052
$1,853
+76% in Jersey City, NJ
2 Bedroom
$1,433
$1,857
+30% in Jersey City, NJ
3 Bedroom
$1,952
$2,004
+3% in Jersey City, NJ

Buying a Home

Median Home Value
$375,900
$534,500
+42% in Jersey City, NJ

Income

Median Household Income
$98,152
$94,813
+3% in Anchorage, AK
Metro Median Wage (annual)
$60,200
$61,430
+2% in Jersey City, NJ

People & Lifestyle

Median Age
34.9 yr
34.7 yr
+0.2 yr in Anchorage, AK
Homeownership
63.7%
28.8%
+34.9 pp in Anchorage, AK
Bachelor's+ (25+)
37.7%
53.1%
+15.4 pp in Jersey City, NJ
Avg Commute
19.0 min
36.9 min
+17.9 min in Jersey City, NJ

Crime (per 100k/yr)

Violent Crime
1,016.5
562.9
+45% in Anchorage, AK
Property Crime
2,796.2
2,036.4
+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
55.0°F
+17.6°F in Jersey City, NJ
Annual Precipitation
17.9 in
49.9 in
+32.0 in in Jersey City, NJ

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
24.9
+12% in Anchorage, AK
Natural Gas ($/MCF)
$17.35
$17.68
+2% in Jersey City, NJ

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 Jersey City, NJ
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 / NJ)
None
6.625%
+6.6 pp in NJ
Income Tax (top rate)
None
10.75%
+10.8 pp in NJ

Anchorage vs Jersey City — FAQ

Is it cheaper to live in Anchorage or Jersey City?
Anchorage, AK is cheaper. Its monthly baseline of $1,330 (1BR rent + utilities) runs about 37% below Jersey City, NJ's $2,100, mainly because of rent.
How much more do you need to earn to live in Anchorage than in Jersey City?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $42,000 a year in Anchorage versus $74,000 in Jersey City.
Which has lower taxes, Anchorage or Jersey City?
Anchorage is taxed under Alaska's rules (no state income tax and no state sales tax); Jersey City under New Jersey's (a top state income tax rate of 10.75% and a 6.625% 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).