Cost of Living: Jersey, NJ vs Anchorage, AK (2026)

Jersey

New Jersey
148
VS

Anchorage

Alaska
113

Jersey is 35% more expensive than Anchorage.

$1,902/mo ↑ 31%
Median Rent
$1,453/mo ↓ 24%
$94,813/yr ↓ 3%
Median Income
$98,152/yr ↑ 4%
$534,500 ↑ 42%
Home Value
$375,900 ↓ 30%
$2,006/mo ↑ 18%
Owner Costs
$1,698/mo ↓ 15%
289,691
Population
289,069

Tax Comparison

10.75%
Income Tax
0%
6.625%
Sales Tax
0%
2.23%
Property Tax
1.04%

Affordability

24.1%
rent-to-income
Affordability
17.8%
rent-to-income

Detailed Comparison

When comparing Jersey, NJ and Anchorage, AK, the overall cost of living indices are 148 and 113 respectively (national median = 100). Rent is $449/month cheaper in Anchorage, saving renters about $5,388/year.

Median household income is $3,339/year higher in Anchorage. Home values also differ significantly — the median in Jersey is $534,500 compared to $375,900 in Anchorage.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Jersey vs Anchorage — common questions

Is Jersey or Anchorage cheaper to live in?
Based on our cost index, Anchorage is cheaper to live in with an index of 113 compared to 148 (US average = 100).
What is the rent difference between Jersey and Anchorage?
Median rent in Jersey is $1,902/month and in Anchorage it's $1,453/month — a difference of $449/month.
Which city has higher income, Jersey or Anchorage?
Median household income is $94,813 in Jersey and $98,152 in Anchorage. Median household income is $3,339/year higher in Anchorage.
How do taxes compare between New Jersey and Alaska?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Alaska has 0% income tax, 0% sales tax, and 1.04% property tax.
Should I move to Jersey or Anchorage?
It depends on your priorities. Jersey has a cost index of 148 with median rent of $1,902/mo, while Anchorage has a cost index of 113 with rent of $1,453/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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