New York, NY vs Anchorage, AK
Cost of living comparison · 2023 Census ACS data
Quick Summary
The headline difference between these two markets is housing: a typical home in Anchorage runs $376,000 versus $752,000 in New York, a 50% gap that dominates most relocation math. Anchorage also has no state income tax, while the other state tops out at 10.9% — a meaningful annual difference at higher income levels.
Median Home Value
$751,700
$375,900 ✓
Zillow Home Value
$812,534
$405,600
Median Gross Rent
$1,779/mo
$1,453/mo ✓
Owner Occupied %
32.8%
63.7%
Price-to-Rent Ratio
35.2x
21.6x
Median Household Income
$79,713
$98,152 ✓
Per Capita Income
$50,776
$49,338
Unemployment Rate
7.7%
4.6% ✓
Poverty Rate
17.4%
9.3%
Avg Commute (min)
44.8 min
20.5 min
Drove Alone %
21.9%
71.0%
Public Transit %
45.5%
1.4%
Work From Home %
15.0%
9.6%
State Income Tax
10.9%
None
Total Sales Tax
8.5%
1.8% ✓
Property Tax Rate
1.7%
1.0%
Bachelor's Degree %
23.6%
23.4%
Median Age
38
34.9
Avg High Temp
62.6°F
—
Annual Precipitation
49.5"
18.9"
Annual Snowfall
29.8"
—
New York, NY 0 wins
Anchorage, AK 5 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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