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Cost of living

An explanation of why things cost what they do

Alaska.com
Alaska isn't nearly as expensive as it used to be, but prices still seem high to many people.

Here's a look at what it costs to live on the Last Frontier.

Juneau is Alaska's most expensive town for housing, thanks to a steady economy and a finite amount of building space between the saltwater and the mountains.

Of eight cities compared in a cost-of-food survey, the southwestern Alaska town of Bethel came in with the biggest tab.

Rentals: Median adjusted monthly rent, 2001
Borough or city2-bedroom apartmentSingle-family home
(3 bedroom)
Juneau Borough$995$1,524
Kodiak Borough$972$1,299
Valdez / Cordova$900$998
Ketchikan Gateway Borough$899$1,253
Sitka Borough$887$1,245
Anchorage municipality$785$1,250
Fairbanks North Star Borough$773$1,299
Wrangell / Petersburg$734$854
Matanuska-Susitna Borough
(Palmer-Wasilla area)
$706$1,076
Source: Alaska Housing Market Indicators, Alaska Housing Finance Corp; Alaska Department of Labor and Workforce Development, Research and Analysis.


Cost of food at home for a week in 8 Alaska cities
For a family of four with elementary school age children

Cost in 2001
Anchor-
age
BethelNomeTokKodiakKenaiJuneauFair-
banks
$106.43$180.89$176.56$141.73$140.23$119.55$112.53$103.61
Anchorage = 100%170%166%132%133%112%106%97%


Cost in 1991
Anchor-
age
BethelNomeTokKodiakKenaiJuneauFair-
banks
$102.84$152.49$150.29$143.45$127.96$111.88$104.21$114.65
Anchorage = 100%148%146%139%124%109%101%111%

Source: "Cost of Food at Home for a Week," September 1991 and September 2001, University of Alaska Cooperative Extension Service, U.S. Department of Agriculture and SEA Grant cooperating.

Alaska cities rank in top 20 for expenses

Where do Anchorage, Fairbanks, Juneau and Kodiak rank nationally in the cost of living? A December 2001 survey of 292 urban areas by the American Chamber of Commerce shows Juneau to be the No. 9 costliest city in which to live. Kodiak is No. 13, Anchorage is No. 14 and Fairbanks is No. 20.

The numbers in the table below show how relatively expensive each city is. The cost of living in Juneau, for example, is 136 percent of the national average.

CityAll
items
Grocery
items
HousingUtilitiesTrans-
porta-
tion
Health
care
Misc.
goods
and services
Juneau136.4136.3146.6139.6135.8168.7122.3
Kodiak128.0142.3114.0135.6139.2146.7124.9
Anchorage124.3130.6131.986.7113.2154.4122.9
Fairbanks119.4113.3106.8160.4121.6164.9115.5
Source: American Chamber of Commerce Researchers Association Urban Area Index Data, Fourth Quarter 2001 (292 urban areas surveyed); as printed in Alaska Economic Trends, Alaska Department of Labor and Workforce Development.

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