Cost of Living: Lexington, KY vs Anchorage, AK (2026)

Lexington

Kentucky
82
VS

Anchorage

Alaska
113

Lexington is 27% cheaper than Anchorage.

$1,101/mo ↓ 24%
Median Rent
$1,453/mo ↑ 32%
$67,631/yr ↓ 31%
Median Income
$98,152/yr ↑ 45%
$272,100 ↓ 28%
Home Value
$375,900 ↑ 38%
$1,160/mo ↓ 32%
Owner Costs
$1,698/mo ↑ 46%
321,122
Population
289,069

Tax Comparison

4.0%
Income Tax
0%
6.0%
State Sales Tax
0%
0.83%
Property Tax
1.04%

Affordability

19.5%
rent-to-income
Affordability
17.8%
rent-to-income

Detailed Comparison

When comparing Lexington, KY and Anchorage, AK, the overall cost of living indices are 82 and 113 respectively (national median = 100). Rent is $352/month cheaper in Lexington, saving renters about $4,224/year.

Median household income is $30,521/year higher in Anchorage. Home values also differ significantly — the median in Lexington is $272,100 compared to $375,900 in Anchorage.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over Kentucky's 4.0% rate.

Frequently Asked Questions

Lexington vs Anchorage — common questions

Is Lexington or Anchorage cheaper to live in?
Based on our cost index, Lexington is cheaper to live in with an index of 82 compared to 113 (US average = 100).
What is the rent difference between Lexington and Anchorage?
Median rent in Lexington is $1,101/month and in Anchorage it's $1,453/month — a difference of $352/month.
Which city has higher income, Lexington or Anchorage?
Median household income is $67,631 in Lexington and $98,152 in Anchorage. Median household income is $30,521/year higher in Anchorage.
How do taxes compare between Kentucky and Alaska?
Kentucky has 4.0% income tax, 6.0% sales tax, and 0.83% property tax. Alaska has 0% income tax, 0% sales tax, and 1.04% property tax.
Should I move to Lexington or Anchorage?
It depends on your priorities. Lexington has a cost index of 82 with median rent of $1,101/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.
View Lexington details → View Anchorage details →

More Comparisons

Other cost of living comparisons for Lexington and Anchorage

Lexington vs. Henderson Lexington vs. Stockton Lexington vs. Anaheim Lexington vs. Corpus Christi Lexington vs. Honolulu Lexington vs. Riverside Anchorage vs. Jersey City Anchorage vs. Durham Anchorage vs. Lincoln Anchorage vs. Plano Anchorage vs. St. Louis Anchorage vs. Chandler