Living Cost Compare
Anchorage

Alaska

$1,320/mo est.

vs
Nashville

Tennessee

$1,490/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 $1,490 in Nashville, TN. Overall, Anchorage, AK is roughly 11% cheaper to live in day-to-day than Nashville, TN, driven mainly by rent.

Median household income is $98,152 in Anchorage, AK and $75,197 in Nashville, TN — about 23% higher in Anchorage, AK. Alaska has no state income tax and no state sales tax; Tennessee has no state income tax and a 7% state sales tax.

Rent

Studio
$1,001
$1,341
+34% in Nashville, TN
1 Bedroom
$1,052
$1,336
+27% in Nashville, TN
2 Bedroom
$1,433
$1,478
+3% in Nashville, TN
3 Bedroom
$1,952
$1,832
+6% in Anchorage, AK

Buying a Home

Median Home Value
$375,900
$383,100
+2% in Nashville, TN

Income

Median Household Income
$98,152
$75,197
+23% in Anchorage, AK
Metro Median Wage (annual)
$60,200
$50,390
+16% in Anchorage, AK

People & Lifestyle

Median Age
34.9 yr
34.4 yr
+0.5 yr in Anchorage, AK
Homeownership
63.7%
53.0%
+10.7 pp in Anchorage, AK
Bachelor's+ (25+)
37.7%
46.9%
+9.2 pp in Nashville, TN
Avg Commute
19.0 min
24.9 min
+5.9 min in Nashville, TN

Crime (per 100k/yr)

Violent Crime
1,016.5
1,178.7
+16% in Nashville, TN
Property Crime
2,796.2
4,558.5
+63% in Nashville, TN

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
59.4°F
+22.0°F in Nashville, TN
Annual Precipitation
17.9 in
47.3 in
+29.3 in in Nashville, TN

Gas

Regular Gasoline
$5.09/gal
$3.94/gal
+23% in Anchorage, AK

Area: West Coast (PADD 5) vs Midwest (PADD 2).

Public Transit

Base Fare (one-way)
$2.00

Adult base one-way fare — vs WeGo Public Transit (2026).

Utilities

Electricity (¢/kWh)
28.2
14.5
+49% in Anchorage, AK
Natural Gas ($/MCF)
$14.40
$16.83
+17% in Nashville, TN

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

Groceries

Milk (gal)
$4.82
$4.00
+17% in Anchorage, AK
Bread (lb)
$2.04
$1.75
+14% in Anchorage, AK
Eggs (doz)
$2.19
$2.21
+1% in Nashville, TN
Ground Beef (lb)
$7.36
$6.45
+12% in Anchorage, AK
Chicken (lb)
$2.01
$1.90
+6% in Anchorage, AK
Bananas (lb)
$0.70
$0.62
+12% in Anchorage, AK

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

State Taxes

Sales Tax (AK / TN)
None
7%
+7.0 pp in TN
Income Tax (top rate)
None
None
about equal

Anchorage vs Nashville — FAQ

Is it cheaper to live in Anchorage or Nashville?
Anchorage, AK is cheaper. Its monthly baseline of $1,320 (1BR rent + utilities) runs about 11% below Nashville, TN's $1,490, mainly because of rent.
How much more do you need to earn to live in Anchorage than in Nashville?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $42,000 a year in Anchorage versus $53,000 in Nashville.
Which has lower taxes, Anchorage or Nashville?
Anchorage is taxed under Alaska's rules (no state income tax and no state sales tax); Nashville under Tennessee's (no state income tax 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).