Anchorage, AK vs Tempe, AZ: 113 vs 120

$1,453/mo ↓ 10%

Median Rent

$1,623/mo ↑ 12%

$98,152/yr ↑ 26%

Median Income

$77,643/yr ↓ 21%

$375,900 ↓ 11%

Home Value

$421,900 ↑ 12%

$1,698/mo ↑ 9%

Owner Costs

$1,554/mo ↓ 8%

289,069

Population

186,419

Detailed Comparison

When comparing Anchorage, AK and Tempe, AZ, the overall cost of living indices are 113 and 120 respectively (national median = 100). Rent is $170/month cheaper in Anchorage, saving renters about $2,040/year.

Median household income is $20,509/year higher in Anchorage. Home values also differ significantly — the median in Anchorage is $375,900 compared to $421,900 in Tempe.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over Arizona's 2.5% rate.

Frequently Asked Questions

Anchorage vs Tempe — common questions

Is Anchorage or Tempe cheaper to live in?

Based on our cost index, Anchorage is cheaper to live in with an index of 113 compared to 120 (US average = 100).

What is the rent difference between Anchorage and Tempe?

Median rent in Anchorage is $1,453/month and in Tempe it's $1,623/month — a difference of $170/month.

Which city has higher income, Anchorage or Tempe?

Median household income is $98,152 in Anchorage and $77,643 in Tempe. Median household income is $20,509/year higher in Anchorage.

How do taxes compare between Alaska and Arizona?

Alaska has 0% income tax, 0% sales tax, and 1.04% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.

Should I move to Anchorage or Tempe?

It depends on your priorities. Anchorage has a cost index of 113 with median rent of $1,453/mo, while Tempe has a cost index of 120 with rent of $1,623/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Anchorage, AK vs Tempe, AZ (2026)

Anchorage

Tempe

Tax Comparison

Affordability

Detailed Comparison

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