Alaska Cost of Living Calculator
Compare Alaska cost of living (index: 125.9). Calculate equivalent salary needed when moving to or from Alaska.
How This Calculator Works
Calculation methodology and assumptions
This calculator compares purchasing power between locations using cost of living indices. Alaska's cost of living index is 125.9 (100 = national average). The equivalent salary is calculated as: Current Salary × (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.
Key State Information
Alaska cost of living index: 125.9. Alaska is significantly more expensive than the national average. Higher housing, transportation, and food costs drive this. Alaska's lack of state income tax provides additional savings for residents. Median household income: $77,790. Median 2BR rent: $1285/month.
Frequently Asked Questions
What is the cost of living in Alaska?
Alaska's cost of living index is 125.9, where 100 is the national average. This means living in Alaska costs about 26% more than the national average.
Is Alaska expensive to live in?
Yes, Alaska is one of the more expensive states. Housing costs are the primary driver. Median home price: $330,000.
How much do I need to earn in Alaska to live comfortably?
Based on a cost of living index of 125.9 and the 50-30-20 budgeting rule, a comfortable salary in Alaska would be approximately $64,713/year for a single person renting a 2BR apartment.
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