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Alaska Yearly Expenses
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Multi-State
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US-175-AZ
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FAQ
While it's a common misconception that you can move there for free, you can get paid to live in Alaska. The Alaska Permanent Fund Dividend (PFD) takes the state's oil wealth and shares an annual portion with all permanent residents (both children and adults).
Recommended Salary in Alaska As the median rent cost of a one-bedroom apartment in Anchorage is $1,187, the average resident would need to take home around $4,000 before taxes to live comfortably in Alaska. That translates to $48,000 yearly.
As far as rent goes, Alaska is ever so slightly cheaper than the U.S. as a whole. According to Apartment List's 2019 report, the median rent for a studio and one bedroom apartment in Alaska is $17 and $21 cheaper than the national median, respectively. The state is mostly made up of homeowners, though.
Is it expensive to live in Alaska? Yes, overall Alaska is one of the more expensive states to live in in the entire United States of America. Due to our location, and the necessity of shipping or flying everything in, our costs of goods and services is much higher than the average state.
Summary about cost of living in Anchorage, AK, United States: Family of four estimated monthly costs are 4,275$ without rent. A single person estimated monthly costs are 1,221$ without rent. Anchorage is 11.05% less expensive than New York (without rent).
Recommended Salary in Alaska As the median rent cost of a one-bedroom apartment in Anchorage is $1,187, the average resident would need to take home around $4,000 before taxes to live comfortably in Alaska. That translates to $48,000 yearly.
Unfortunately, Alaska is also known for being one of the most expensive states. As of January 2021, the cost of living in Alaska was 24.09% higher than the national average.
Generally, it's essential to take home at least three times the cost of your monthly rent to live comfortably. As the median rent cost of a one-bedroom apartment in Anchorage is $1,182, the average resident would need to take home $3,546 before taxes to live comfortably in Alaska. That translates to $42,552 yearly.
Alaska is one of the most expensive states to live in. Most of its cities and towns consistently have a cost of living that is more expensive than the national average. And yet, with its magnificent scenery and outdoor adventures, moving to Alaska remains the goal for many. So don't give up your final frontier dream.
