Cost of Living: Anchorage, AK vs Waterbury, CT (2026)

Anchorage

Alaska
113
VS

Waterbury

Connecticut
76

Anchorage is 49% more expensive than Waterbury.

$1,453/mo ↑ 23%
Median Rent
$1,180/mo ↓ 19%
$98,152/yr ↑ 90%
Median Income
$51,642/yr ↓ 47%
$375,900 ↑ 103%
Home Value
$185,400 ↓ 51%
$1,698/mo ↑ 33%
Owner Costs
$1,273/mo ↓ 25%
289,069
Population
114,356

Tax Comparison

0%
Income Tax
6.99%
0%
State Sales Tax
6.35%
1.04%
Property Tax
2.15%

Affordability

17.8%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing Anchorage, AK and Waterbury, CT, the overall cost of living indices are 113 and 76 respectively (national median = 100). Rent is $273/month cheaper in Waterbury, saving renters about $3,276/year.

Median household income is $46,510/year higher in Anchorage. Home values also differ significantly — the median in Anchorage is $375,900 compared to $185,400 in Waterbury.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over Connecticut's 6.99% rate.

Frequently Asked Questions

Anchorage vs Waterbury — common questions

Is Anchorage or Waterbury cheaper to live in?
Based on our cost index, Waterbury is cheaper to live in with an index of 76 compared to 113 (US average = 100).
What is the rent difference between Anchorage and Waterbury?
Median rent in Anchorage is $1,453/month and in Waterbury it's $1,180/month — a difference of $273/month.
Which city has higher income, Anchorage or Waterbury?
Median household income is $98,152 in Anchorage and $51,642 in Waterbury. Median household income is $46,510/year higher in Anchorage.
How do taxes compare between Alaska and Connecticut?
Alaska has 0% income tax, 0% sales tax, and 1.04% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Anchorage or Waterbury?
It depends on your priorities. Anchorage has a cost index of 113 with median rent of $1,453/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Anchorage details → View Waterbury details →

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