Cost of Living: Nashville, TN vs Anchorage, AK (2026)

Nashville

Tennessee
110
VS

Anchorage

Alaska
113

Nashville is 3% cheaper than Anchorage.

$1,486/mo ↑ 2%
Median Rent
$1,453/mo ↓ 2%
$75,197/yr ↓ 23%
Median Income
$98,152/yr ↑ 31%
$383,100 ↑ 2%
Home Value
$375,900 ↓ 2%
$1,471/mo ↓ 13%
Owner Costs
$1,698/mo ↑ 15%
684,298
Population
289,069

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
0%
0.64%
Property Tax
1.04%

Affordability

23.7%
rent-to-income
Affordability
17.8%
rent-to-income

Detailed Comparison

When comparing Nashville, TN and Anchorage, AK, the overall cost of living indices are 110 and 113 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $22,955/year higher in Anchorage. Home values also differ significantly — the median in Nashville is $383,100 compared to $375,900 in Anchorage.

Frequently Asked Questions

Nashville vs Anchorage — common questions

Is Nashville or Anchorage cheaper to live in?
Based on our cost index, Nashville is cheaper to live in with an index of 110 compared to 113 (US average = 100).
What is the rent difference between Nashville and Anchorage?
Median rent in Nashville is $1,486/month and in Anchorage it's $1,453/month — a difference of $33/month.
Which city has higher income, Nashville or Anchorage?
Median household income is $75,197 in Nashville and $98,152 in Anchorage. Median household income is $22,955/year higher in Anchorage.
How do taxes compare between Tennessee and Alaska?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Alaska has 0% income tax, 0% sales tax, and 1.04% property tax.
Should I move to Nashville or Anchorage?
It depends on your priorities. Nashville has a cost index of 110 with median rent of $1,486/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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