Cost of Living: Anchorage, AK vs Syracuse, NY (2026)

Anchorage

Alaska
113
VS

Syracuse

New York
59

Anchorage is 92% more expensive than Syracuse.

$1,453/mo ↑ 46%
Median Rent
$998/mo ↓ 31%
$98,152/yr ↑ 114%
Median Income
$45,845/yr ↓ 53%
$375,900 ↑ 200%
Home Value
$125,100 ↓ 67%
$1,698/mo ↑ 73%
Owner Costs
$980/mo ↓ 42%
289,069
Population
146,211

Tax Comparison

0%
Income Tax
10.9%
0%
State Sales Tax
4.0%
1.04%
Property Tax
1.62%

Affordability

17.8%
rent-to-income
Affordability
26.1%
rent-to-income

Detailed Comparison

When comparing Anchorage, AK and Syracuse, NY, the overall cost of living indices are 113 and 59 respectively (national median = 100). Rent is $455/month cheaper in Syracuse, saving renters about $5,460/year.

Median household income is $52,307/year higher in Anchorage. Home values also differ significantly — the median in Anchorage is $375,900 compared to $125,100 in Syracuse.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

Anchorage vs Syracuse — common questions

Is Anchorage or Syracuse cheaper to live in?
Based on our cost index, Syracuse is cheaper to live in with an index of 59 compared to 113 (US average = 100).
What is the rent difference between Anchorage and Syracuse?
Median rent in Anchorage is $1,453/month and in Syracuse it's $998/month — a difference of $455/month.
Which city has higher income, Anchorage or Syracuse?
Median household income is $98,152 in Anchorage and $45,845 in Syracuse. Median household income is $52,307/year higher in Anchorage.
How do taxes compare between Alaska and New York?
Alaska has 0% income tax, 0% sales tax, and 1.04% property tax. New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax.
Should I move to Anchorage or Syracuse?
It depends on your priorities. Anchorage has a cost index of 113 with median rent of $1,453/mo, while Syracuse has a cost index of 59 with rent of $998/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Anchorage details → View Syracuse details →

More Comparisons

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