Anchorage is 18% cheaper than Santa Maria.
When comparing Anchorage, AK and Santa Maria, CA, the overall cost of living indices are 113 and 137 respectively (national median = 100). Rent is $389/month cheaper in Anchorage, saving renters about $4,668/year.
Median household income is $13,535/year higher in Anchorage. Home values also differ significantly — the median in Anchorage is $375,900 compared to $478,200 in Santa Maria.
Alaska has no state income tax, giving Anchorage residents a significant tax advantage over California's 13.3% rate.
Anchorage vs Santa Maria — common questions
Other cost of living comparisons for Anchorage and Santa Maria