Is Alaska a Cheap Place to Live?

Alaska is one of the most expensive states to live in. Luckily, we've done the research and identified the cheapest places to live in Alaska. Most of its cities and towns consistently have a cost of living that is more expensive than the national average.

How much does it cost to live in Alaska?

Average Cost of Living in Alaska: $48,739 per year

Data gathered by MERIC in the third quarter of 2021 ranked Alaska as the state with the seventh highest cost of living. (Hawaii had the highest cost of living in the whole country.)

Can you live in Alaska cheap?

As far as rent goes, Alaska is ever so slightly cheaper than the U.S. as a whole. According to Apartment List's 2019 report, the median rent for a studio and one bedroom apartment in Alaska is $17 and $21 cheaper than the national median, respectively.