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

Newark

New Jersey
100
VS

Anchorage

Alaska
113

Newark is 12% cheaper than Anchorage.

$1,330/mo ↓ 8%
Median Rent
$1,453/mo ↑ 9%
$48,416/yr ↓ 51%
Median Income
$98,152/yr ↑ 103%
$337,800 ↓ 10%
Home Value
$375,900 ↑ 11%
$1,419/mo ↓ 16%
Owner Costs
$1,698/mo ↑ 20%
307,188
Population
289,069

Tax Comparison

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

Affordability

33.0%
rent-to-income
Affordability
17.8%
rent-to-income

Detailed Comparison

When comparing Newark, NJ and Anchorage, AK, the overall cost of living indices are 100 and 113 respectively (national median = 100). Rent is $123/month cheaper in Newark, saving renters about $1,476/year.

Median household income is $49,736/year higher in Anchorage. Home values also differ significantly — the median in Newark is $337,800 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

Newark vs Anchorage — common questions

Is Newark or Anchorage cheaper to live in?
Based on our cost index, Newark is cheaper to live in with an index of 100 compared to 113 (US average = 100).
What is the rent difference between Newark and Anchorage?
Median rent in Newark is $1,330/month and in Anchorage it's $1,453/month — a difference of $123/month.
Which city has higher income, Newark or Anchorage?
Median household income is $48,416 in Newark and $98,152 in Anchorage. Median household income is $49,736/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 Newark or Anchorage?
It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/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 Newark details → View Anchorage details →

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