Alaska Cost Of Living Statistics


Steve Goldstein
Steve Goldstein
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Alaska Cost Of Living Statistics 2023: Facts about Cost Of Living in Alaska reflect the current socio-economic condition of the state.

alaska

LLCBuddy editorial team did hours of research, collected all important statistics on Alaska Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start an Alaska LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will Alaska Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Alaska Cost Of Living Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 15 Alaska Cost Of Living Statistics on this page 🙂

Alaska Cost Of Living “Latest” Statistics

  • According to Payscale.com, the cost of living in Anchorage is 28% more than the national average.[1]
  • The cost of living in Los Angeles is 43% greater than the national average, making Fairbank’s cost of living almost 93% lower.[1]
  • The Anchorage metro area’s average healthcare costs are astonishingly 82% more than the national norm, according to a 2016 research from the health care cost institute.[2]
  • Food and groceries in 485 gallons the cost of groceries is 24% greater in Wasilla than it is nationwide.[3]
  • According to Payscale.com, Fairbank’s cost of living is around 33% more than the national average.[1]

Alaska Cost Of Living “Price” Statistics

  • According to the National Association of Realtors, the median existing house price in Alaska is $353,900.[4]
  • Wasilla’s housing expenses are 5% higher than the national average and the utility prices are 30% higher than the national average.[3]

Alaska Cost Of Living “Be” Statistics

  • According to statistics from April 2019, the suggested minimum amount of money to spend on meals for one person in Anchorage is $451.71. [1][2]
  • In Alaska, the typical rent for a studio or one-bedroom apartment is $860 and $962, respectively, less than the national median, according to RentData.org’s site.[2]

Alaska Cost Of Living “Other” Statistics

  • According to Zillow, the average house value in Alaska is $310,373, which is 1% less than the average home value nationwide, which is $312,728.[1]
  • According to the 2020 Bureau of Economic Analysis Personal Consumption Expenditures, Alaska’s average annual per capita expenditure on health care is $10,483.[4]
  • In Alaska, which has one of the lowest rates in the nation, just 29% of citizens can afford to purchase a house.[5]
  • According to the 2020 Bureau of Economic Analysis Personal Consumption Expenditures, the average total personal consumption expenditure in Alaska is $48,739 annually.[4]
  • According to NeighborhoodScout statistics from 2013 to 2018, properties saw an average yearly appreciation rate of 2.13%.[2]
  • Alaska’s average effective property tax rate is identical to the national average at 11.9%.[2]

Also Read

How Useful is Alaska Cost of Living

The cost of living in Alaska is undeniably high, with everything from groceries to housing coming at a premium. This is due in part to the logistical challenges of getting goods to such a remote state, as well as the high demand for limited resources. Residents of Alaska often find themselves paying more for basic necessities than in many other parts of the country.

The high cost of living in Alaska can be a significant barrier for many people looking to move to the state. For those who are already living in Alaska, it can be a constant source of stress as they try to make ends meet on what may feel like an ever-shrinking budget. In a place where winters are long, harsh, and expensive, the added burden of high costs can make daily life feel like a constant struggle.

However, despite these challenges, there are those who argue that the high cost of living in Alaska is a small price to pay for the unique experiences and opportunities that the state has to offer. For many Alaskans, the stunning natural beauty, recreational activities, and close-knit communities more than make up for the financial sacrifices they have to make.

In a state as vast and sparsely populated as Alaska, the cost of living can vary significantly depending on location. While living in a larger city like Anchorage may come with higher expenses, those in more remote areas may find that the cost of living is lower. However, with the added challenges of limited access to goods and services in these areas, the lower cost of living may come with its own set of difficulties.

Ultimately, the usefulness of the Alaska cost of living is a highly personal and subjective matter. For some, the high costs associated with living in the state may be a significant deterrent. For others, the unique lifestyle and opportunities that Alaska offers may make the expenses worth it. What is clear is that in a state as diverse and expansive as Alaska, there is no one-size-fits-all answer when it comes to the cost of living.

As we continue to explore the complexities of living in Alaska, it is important to remember that for many residents, the high cost of living is just one part of the rich tapestry of experiences that make up life in the Last Frontier. While it can be a difficult pill to swallow at times, the rewards of living in such a unique and vibrant state are often more than worth the sacrifices. In the end, the usefulness of the Alaska cost of living lies in how each individual chooses to navigate the challenges and opportunities that it presents.

Reference


  1. royalalaskanmovers – https://www.royalalaskanmovers.com/cost-of-living-in-alaska/
  2. smartasset – https://smartasset.com/mortgage/what-is-the-true-cost-of-living-in-alaska
  3. payscale – https://www.payscale.com/cost-of-living-calculator/Alaska-Wasilla
  4. sofi – https://www.sofi.com/cost-of-living-in-alaska/
  5. worldpopulationreview – https://worldpopulationreview.com/state-rankings/most-expensive-states-to-live-in

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