Cost of Living: Anchorage, AK vs Savannah, GA (2026)

Anchorage

Alaska
113
VS

Savannah

Georgia
84

Anchorage is 35% more expensive than Savannah.

$1,453/mo ↑ 12%
Median Rent
$1,302/mo ↓ 10%
$98,152/yr ↑ 73%
Median Income
$56,782/yr ↓ 42%
$375,900 ↑ 67%
Home Value
$225,200 ↓ 40%
$1,698/mo ↑ 35%
Owner Costs
$1,257/mo ↓ 26%
289,069
Population
147,546

Tax Comparison

0%
Income Tax
5.49%
0%
State Sales Tax
4.0%
1.04%
Property Tax
0.92%

Affordability

17.8%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Anchorage, AK and Savannah, GA, the overall cost of living indices are 113 and 84 respectively (national median = 100). Rent is $151/month cheaper in Savannah, saving renters about $1,812/year.

Median household income is $41,370/year higher in Anchorage. Home values also differ significantly — the median in Anchorage is $375,900 compared to $225,200 in Savannah.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over Georgia's 5.49% rate.

Frequently Asked Questions

Anchorage vs Savannah — common questions

Is Anchorage or Savannah cheaper to live in?
Based on our cost index, Savannah is cheaper to live in with an index of 84 compared to 113 (US average = 100).
What is the rent difference between Anchorage and Savannah?
Median rent in Anchorage is $1,453/month and in Savannah it's $1,302/month — a difference of $151/month.
Which city has higher income, Anchorage or Savannah?
Median household income is $98,152 in Anchorage and $56,782 in Savannah. Median household income is $41,370/year higher in Anchorage.
How do taxes compare between Alaska and Georgia?
Alaska has 0% income tax, 0% sales tax, and 1.04% property tax. Georgia has 5.49% income tax, 4.0% sales tax, and 0.92% property tax.
Should I move to Anchorage or Savannah?
It depends on your priorities. Anchorage has a cost index of 113 with median rent of $1,453/mo, while Savannah has a cost index of 84 with rent of $1,302/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Anchorage details → View Savannah details →

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