Is Spokane Valley, WA cheaper than Anchorage, AK?

Based on cost of living data, Spokane Valley, WA is 25.2% cheaper than Anchorage, AK. This translates to saving $1893 per month.

What salary do I need in Spokane Valley, WA to live like I do in Anchorage, AK?

If you earn $150,000 in Anchorage, AK, you'd need approximately $127,279.292 in Spokane Valley, WA to maintain the same standard of living.

How does housing cost compare between Anchorage, AK and Spokane Valley, WA?

Housing in Spokane Valley, WA is 33.2% cheaper than in Anchorage, AK. For a two-bedroom apartment, rent is $1,003/month in Spokane Valley, WA compared to $1,720/month in Anchorage, AK.

How much can I save per month by moving from Anchorage, AK to Spokane Valley, WA?

Moving from Anchorage, AK to Spokane Valley, WA could save you approximately $1893 per month, or $22721 per year, based on a $150,000 salary.

Anchorage, AK vs Spokane Valley, WA: Cost of Living Comparison 2026

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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 $1.9K/month moving to Spokane Valley, WA

$150.0K in your current city equals $127.3K in Spokane Valley, WA

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

Overall Cost

↓ 25.2%

Less expensive

Monthly Impact

$1,893

Savings

Annual Impact

$22.7K

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

Spokane Valley, WA

Population:108K

Cost Index:

(25% below avg)

Median Home:$385K

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!

Spokane Valley, WA

The Evergreen State

108K

Population

State Tax

No Income Tax

Located in Washington, this city has a population of 108K residents.

💡 Advantage: Washington has no state income tax!

Cost Breakdown by Category

Annual spending: Anchorage, AK vs Spokane Valley, WA

Category	Anchorage, AK	Spokane Valley, WA	Difference	Change
Housing	$3,066/mo	$2,047/mo	↓ $1,019less	33.2%
Transportation	$1,448/mo	$1,868/mo	↑ $420more	29.0%
All Utilities	$825/mo	$477/mo	↓ $348less	42.2%
Other	$1,858/mo	$1,515/mo	↓ $343less	18.5%
Groceries	$1,329/mo	$1,070/mo	↓ $259less	19.5%
Healthcare	$892/mo	$817/mo	↓ $74.93less	8.4%

Housing

↓ 33.2%

Anchorage, AK

$3,066

Spokane Valley, WA

$2,047

Difference

$1,019

less

Transportation

↑ 29.0%

Anchorage, AK

$1,448

Spokane Valley, WA

$1,868

Difference

$420

All Utilities

↓ 42.2%

Anchorage, AK

$825

Spokane Valley, WA

$477

Difference

$348

less

Other

↓ 18.5%

Anchorage, AK

$1,858

Spokane Valley, WA

$1,515

Difference

$343

less

Groceries

↓ 19.5%

Anchorage, AK

$1,329

Spokane Valley, WA

$1,070

Difference

$259

less

Healthcare

↓ 8.4%

Anchorage, AK

$892

Spokane Valley, WA

$817

Difference

$74.93

less

🏠Rent Comparison

Studio

From$1,230

To$669

↓ $561

1 Bed

From$1,325

To$794

↓ $531

2 Bed

From$1,720

To$1,003

↓ $717

3 Bed

From$2,340

To$1,421

↓ $919

Anchorage, AKZIP-level data

1BR range: $890–$1,570/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

$7,794

Monthly in Spokane Valley, WA

$1,624

Difference

Home Values

Anchorage

Spokane Valley

$365K

Median Value

↑ +3.9%

YoY Change

↑ +20.9%

5-Year Change

$316K - $658K

Price Range

Calculate payment - Anchorage

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

Spokane Valley, WA

Federal Income Tax

Effective: 18.9%

$25.5K

Washington 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%

Spokane Valley, WA Tax Rates

Sales Tax:9.2%

Property Tax:0.9%

💡 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.