Cost of Living: Anchorage, AK vs Jackson, MS (2026)

Anchorage

Alaska
113
VS

Jackson

Mississippi
58

Anchorage is 95% more expensive than Jackson.

$1,453/mo ↑ 43%
Median Rent
$1,018/mo ↓ 30%
$98,152/yr ↑ 127%
Median Income
$43,238/yr ↓ 56%
$375,900 ↑ 247%
Home Value
$108,200 ↓ 71%
$1,698/mo ↑ 78%
Owner Costs
$956/mo ↓ 44%
289,069
Population
149,827

Tax Comparison

0%
Income Tax
5.0%
0%
State Sales Tax
7.0%
1.04%
Property Tax
0.67%

Affordability

17.8%
rent-to-income
Affordability
28.3%
rent-to-income

Detailed Comparison

When comparing Anchorage, AK and Jackson, MS, the overall cost of living indices are 113 and 58 respectively (national median = 100). Rent is $435/month cheaper in Jackson, saving renters about $5,220/year.

Median household income is $54,914/year higher in Anchorage. Home values also differ significantly — the median in Anchorage is $375,900 compared to $108,200 in Jackson.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over Mississippi's 5.0% rate.

Frequently Asked Questions

Anchorage vs Jackson — common questions

Is Anchorage or Jackson cheaper to live in?
Based on our cost index, Jackson is cheaper to live in with an index of 58 compared to 113 (US average = 100).
What is the rent difference between Anchorage and Jackson?
Median rent in Anchorage is $1,453/month and in Jackson it's $1,018/month — a difference of $435/month.
Which city has higher income, Anchorage or Jackson?
Median household income is $98,152 in Anchorage and $43,238 in Jackson. Median household income is $54,914/year higher in Anchorage.
How do taxes compare between Alaska and Mississippi?
Alaska has 0% income tax, 0% sales tax, and 1.04% property tax. Mississippi has 5.0% income tax, 7.0% sales tax, and 0.67% property tax.
Should I move to Anchorage or Jackson?
It depends on your priorities. Anchorage has a cost index of 113 with median rent of $1,453/mo, while Jackson has a cost index of 58 with rent of $1,018/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Anchorage details → View Jackson details →

More Comparisons

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