Cheapest Cities Near Anchorage (2026)

Anchorage has a cost of living index of 100 (US avg = 100). Here are 8 more affordable metros to consider as alternatives.

More affordable alternatives

1
Flint, MI23% cheaper
COL: 771BR: $880/moSave $920/mo on rent
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2
McAllen, TX22% cheaper
COL: 781BR: $950/moSave $850/mo on rent
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3
Jackson, MS21% cheaper
COL: 791BR: $1,000/moSave $800/mo on rent
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4
Springfield, MO21% cheaper
COL: 791BR: $950/moSave $850/mo on rent
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5
Laredo, TX21% cheaper
COL: 791BR: $950/moSave $850/mo on rent
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6
Evansville, IN20% cheaper
COL: 801BR: $990/moSave $810/mo on rent
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7
Topeka, KS20% cheaper
COL: 801BR: $940/moSave $860/mo on rent
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8
El Paso, TX20% cheaper
COL: 801BR: $1,050/moSave $750/mo on rent
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Anchorage at a glance

100
COL index
100 = US avg
$1,800
1BR rent
per month
$400K
Home price
median
None
State tax
income

Cities with similar cost of living

Phoenix, AZCOL: 100Charlotte, NCCOL: 100Naperville, ILCOL: 100Henderson, NVCOL: 100

COL index sourced from Numbeo, Zillow, and BLS data · Q1 2026 · For general guidance only