Cost of Living: Oklahoma City, OK vs Anchorage, AK (2026)

Oklahoma City

Oklahoma City
74
VS

Anchorage

Alaska
113

Oklahoma City is 35% cheaper than Anchorage.

$1,083/mo ↓ 25%
Median Rent
$1,453/mo ↑ 34%
$66,702/yr ↓ 32%
Median Income
$98,152/yr ↑ 47%
$215,100 ↓ 43%
Home Value
$375,900 ↑ 75%
$1,133/mo ↓ 33%
Owner Costs
$1,698/mo ↑ 50%
688,693
Population
289,069

Tax Comparison

4.75%
Income Tax
0%
4.5%
State Sales Tax
0%
0.9%
Property Tax
1.04%

Affordability

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

Detailed Comparison

When comparing Oklahoma City, OK and Anchorage, AK, the overall cost of living indices are 74 and 113 respectively (national median = 100). Rent is $370/month cheaper in Oklahoma City, saving renters about $4,440/year.

Median household income is $31,450/year higher in Anchorage. Home values also differ significantly — the median in Oklahoma City is $215,100 compared to $375,900 in Anchorage.

Alaska has no state income tax, giving Anchorage residents a significant tax advantage over Oklahoma City's 4.75% rate.

Frequently Asked Questions

Oklahoma City vs Anchorage — common questions

Is Oklahoma City or Anchorage cheaper to live in?
Based on our cost index, Oklahoma City is cheaper to live in with an index of 74 compared to 113 (US average = 100).
What is the rent difference between Oklahoma City and Anchorage?
Median rent in Oklahoma City is $1,083/month and in Anchorage it's $1,453/month — a difference of $370/month.
Which city has higher income, Oklahoma City or Anchorage?
Median household income is $66,702 in Oklahoma City and $98,152 in Anchorage. Median household income is $31,450/year higher in Anchorage.
How do taxes compare between Oklahoma and Alaska?
Oklahoma has 4.75% income tax, 4.5% sales tax, and 0.9% property tax. Alaska has 0% income tax, 0% sales tax, and 1.04% property tax.
Should I move to Oklahoma City or Anchorage?
It depends on your priorities. Oklahoma City has a cost index of 74 with median rent of $1,083/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 Oklahoma City details → View Anchorage details →

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