Is Miami, FL cheaper than Anchorage, AK?

Based on cost of living data, Miami, FL is 1.6% cheaper than Anchorage, AK. This translates to saving $120 per month.

What salary do I need in Miami, FL to live like I do in Anchorage, AK?

If you earn $150,000 in Anchorage, AK, you'd need approximately $148,560 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Anchorage, AK and Miami, FL?

Housing in Miami, FL is 20.3% more expensive than in Anchorage, AK. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $1,720/month in Anchorage, AK.

How much can I save per month by moving from Anchorage, AK to Miami, FL?

Moving from Anchorage, AK to Miami, FL could save you approximately $120 per month, or $1440 per year, based on a $150,000 salary.

Anchorage, AK vs Miami, FL: Cost of Living Comparison 2026

Tap to swap

Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Anchorage, AK

Numbers update automatically as you type

You'd save $120/month moving to Miami, FL

$150.0K in your current city equals $148.6K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 1.6%

Less expensive

Monthly Impact

$120

Savings

Annual Impact

$1.4K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Anchorage, AK

Population:292K

Cost Index:

100

100 = national average

Median Home:$365K

Miami, FL

Population:442K

Cost Index:

(2% below avg)

Median Home:$510K

Anchorage, AK

The Last Frontier

292K

Population

State Tax

No Income Tax

Located in Alaska, this city has a population of 292K residents.

💡 Advantage: Alaska has no state income tax!

Miami, FL

The Sunshine State

442K

Population

State Tax

No Income Tax

Climate

Tropical

Notable Facts

•Gateway to Latin America
•Major cruise port
•International business hub

Major Industries

International TradeTourismFinanceReal Estate

Cost Breakdown by Category

Annual spending: Anchorage, AK vs Miami, FL

Category	Anchorage, AK	Miami, FL	Difference	Change
Housing	$3,066/mo	$3,690/mo	↑ $624more	20.3%
All Utilities	$825/mo	$519/mo	↓ $306less	37.1%
Healthcare	$892/mo	$589/mo	↓ $304less	34.0%
Groceries	$1,329/mo	$1,079/mo	↓ $250less	18.8%
Other	$1,858/mo	$2,093/mo	↑ $234more	12.6%
Transportation	$1,448/mo	$1,462/mo	↑ $13.66more	0.9%

Housing

↑ 20.3%

Anchorage, AK

$3,066

Miami, FL

$3,690

Difference

$624

All Utilities

↓ 37.1%

Anchorage, AK

$825

Miami, FL

$519

Difference

$306

less

Healthcare

↓ 34.0%

Anchorage, AK

$892

Miami, FL

$589

Difference

$304

less

Groceries

↓ 18.8%

Anchorage, AK

$1,329

Miami, FL

$1,079

Difference

$250

less

Other

↑ 12.6%

Anchorage, AK

$1,858

Miami, FL

$2,093

Difference

$234

Transportation

↑ 0.9%

Anchorage, AK

$1,448

Miami, FL

$1,462

Difference

$13.66

🏠Rent Comparison

Studio

From$1,230

To$1,995

↑ $765

1 Bed

From$1,325

To$2,180

↑ $855

2 Bed

From$1,720

To$2,660

↑ $940

3 Bed

From$2,340

To$3,415

↑ $1,075

Anchorage, AKZIP-level data

1BR range: $890–$1,570/mo

Miami, FLZIP-level data

1BR range: $1,550–$2,990/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$9,419

Monthly in Anchorage, AK

$9,431

Monthly in Miami, FL

$12.32

Difference

Home Values

Anchorage

Miami

$365K

Median Value

$510K

↑ +3.9%

YoY Change

↓ -3.6%

↑ +20.9%

5-Year Change

↑ +49.4%

$316K - $658K

Price Range

$278K - $1.53M

Homes in Miami are 40% more expensive than Anchorage

Calculate payment - Anchorage Calculate payment - Miami

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Anchorage, AK

Federal Income Tax

Effective: 18.9%

$25.5K

Alaska State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Miami, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Anchorage, AK Tax Rates

Sales Tax:1.8%

Property Tax:0.9%

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.