Cost of Living: Anchorage, AK vs Odessa, TX (2026)

Anchorage

Alaska
113
VS

Odessa

Texas
83

Anchorage is 36% more expensive than Odessa.

$1,453/mo ↑ 10%
Median Rent
$1,322/mo ↓ 9%
$98,152/yr ↑ 34%
Median Income
$73,030/yr ↓ 26%
$375,900 ↑ 81%
Home Value
$208,000 ↓ 45%
$1,698/mo ↑ 36%
Owner Costs
$1,251/mo ↓ 26%
289,069
Population
114,080

Tax Comparison

0%
Income Tax
0%
0%
State Sales Tax
6.25%
1.04%
Property Tax
1.6%

Affordability

17.8%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Anchorage, AK and Odessa, TX, the overall cost of living indices are 113 and 83 respectively (national median = 100). Rent is $131/month cheaper in Odessa, saving renters about $1,572/year.

Median household income is $25,122/year higher in Anchorage. Home values also differ significantly — the median in Anchorage is $375,900 compared to $208,000 in Odessa.

Frequently Asked Questions

Anchorage vs Odessa — common questions

Is Anchorage or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 113 (US average = 100).
What is the rent difference between Anchorage and Odessa?
Median rent in Anchorage is $1,453/month and in Odessa it's $1,322/month — a difference of $131/month.
Which city has higher income, Anchorage or Odessa?
Median household income is $98,152 in Anchorage and $73,030 in Odessa. Median household income is $25,122/year higher in Anchorage.
How do taxes compare between Alaska and Texas?
Alaska has 0% income tax, 0% sales tax, and 1.04% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Anchorage or Odessa?
It depends on your priorities. Anchorage has a cost index of 113 with median rent of $1,453/mo, while Odessa has a cost index of 83 with rent of $1,322/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Anchorage details → View Odessa details →

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