Living Cost Compare
Anchorage

Alaska

$1,320/mo est.

vs
New York City

New York

$2,010/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 $2,010 in New York City, NY. Overall, Anchorage, AK is roughly 34% cheaper to live in day-to-day than New York City, NY, driven mainly by rent.

Median household income is $98,152 in Anchorage, AK and $79,713 in New York City, NY — about 19% higher in Anchorage, AK. Alaska has no state income tax and no state sales tax; New York has a top state income tax rate of 10.90% and a 4% state sales tax.

Rent

Studio
$1,001
$1,633
+63% in New York City, NY
1 Bedroom
$1,052
$1,705
+62% in New York City, NY
2 Bedroom
$1,433
$1,781
+24% in New York City, NY
3 Bedroom
$1,952
$2,065
+6% in New York City, NY

Buying a Home

Median Home Value
$375,900
$751,700
+100% in New York City, NY

Income

Median Household Income
$98,152
$79,713
+19% in Anchorage, AK
Metro Median Wage (annual)
$60,200
$61,430
+2% in New York City, NY

People & Lifestyle

Median Age
34.9 yr
38.0 yr
+3.1 yr in New York City, NY
Homeownership
63.7%
32.8%
+30.9 pp in Anchorage, AK
Bachelor's+ (25+)
37.7%
41.0%
+3.3 pp in New York City, NY
Avg Commute
19.0 min
40.6 min
+21.6 min in New York City, NY

Crime (per 100k/yr)

Violent Crime
1,016.5
694
+32% in Anchorage, AK
Property Crime
2,796.2
2,415.4
+14% 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 New York City, NY
Annual Precipitation
17.9 in
49.9 in
+32.0 in in New York City, NY

Gas

Regular Gasoline
$5.09/gal
$3.95/gal
+22% in Anchorage, AK

Area: West Coast (PADD 5) vs New York City.

Public Transit

Base Fare (one-way)
$3.00

Adult base one-way fare — vs MTA (2026).

Utilities

Electricity (¢/kWh)
28.2
29.9
+6% in New York City, NY
Natural Gas ($/MCF)
$14.40
$22.74
+58% in New York City, NY

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 New York City, NY
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 / NY)
None
4%
+4.0 pp in NY
Income Tax (top rate)
None
10.90%
+10.9 pp in NY

Anchorage vs New York City — FAQ

Is it cheaper to live in Anchorage or New York City?
Anchorage, AK is cheaper. Its monthly baseline of $1,320 (1BR rent + utilities) runs about 34% below New York City, NY's $2,010, mainly because of rent.
How much more do you need to earn to live in Anchorage than in New York City?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $42,000 a year in Anchorage versus $68,000 in New York City.
Which has lower taxes, Anchorage or New York City?
Anchorage is taxed under Alaska's rules (no state income tax and no state sales tax); New York City under New York's (a top state income tax rate of 10.90% 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).