Is Urban Honolulu, HI cheaper than Anchorage, AK?

Based on cost of living data, Urban Honolulu, HI is 54.4% more expensive than Anchorage, AK. This translates to spending an extra $4080 per month.

What salary do I need in Urban Honolulu, HI to live like I do in Anchorage, AK?

If you earn $150,000 in Anchorage, AK, you'd need approximately $198,960 in Urban Honolulu, HI to maintain the same standard of living.

How does housing cost compare between Anchorage, AK and Urban Honolulu, HI?

Housing in Urban Honolulu, HI is 152.5% more expensive than in Anchorage, AK. For a two-bedroom apartment, rent is $2,900/month in Urban Honolulu, HI compared to $1,720/month in Anchorage, AK.

How much can I save per month by moving from Anchorage, AK to Urban Honolulu, HI?

Living in Urban Honolulu, HI costs approximately $4080 more per month than Anchorage, AK, or $48960 more per year, based on a $150,000 salary.

Anchorage, AK vs Urban Honolulu, HI: 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 spend $4.1K/month more in Urban Honolulu, HI

$150.0K in your current city equals $199.0K in Urban Honolulu, HI

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

Overall Cost

↑ 54.4%

More expensive

Monthly Impact

$4,080

Extra cost

Annual Impact

$49.0K

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

Urban Honolulu, HI

Population:351K

Cost Index:

154

(54% above avg)

Median Home:$657K

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!

Urban Honolulu, HI

The Aloha State

351K

Population

State Tax

Yes

Located in Hawaii, this city has a population of 351K residents.

Cost Breakdown by Category

Annual spending: Anchorage, AK vs Urban Honolulu, HI

Category	Anchorage, AK	Urban Honolulu, HI	Difference	Change
Housing	$3,066/mo	$7,744/mo	↑ $4,678more	152.5%
Transportation	$1,448/mo	$1,830/mo	↑ $382more	26.4%
Groceries	$1,329/mo	$1,669/mo	↑ $340more	25.6%
Healthcare	$892/mo	$706/mo	↓ $186less	20.8%
All Utilities	$825/mo	$923/mo	↑ $98.36more	11.9%
Other	$1,858/mo	$1,942/mo	↑ $83.70more	4.5%

Housing

↑ 152.5%

Anchorage, AK

$3,066

Urban Honolulu, HI

$7,744

Difference

$4,678

Transportation

↑ 26.4%

Anchorage, AK

$1,448

Urban Honolulu, HI

$1,830

Difference

$382

Groceries

↑ 25.6%

Anchorage, AK

$1,329

Urban Honolulu, HI

$1,669

Difference

$340

Healthcare

↓ 20.8%

Anchorage, AK

$892

Urban Honolulu, HI

$706

Difference

$186

less

All Utilities

↑ 11.9%

Anchorage, AK

$825

Urban Honolulu, HI

$923

Difference

$98.36

Other

↑ 4.5%

Anchorage, AK

$1,858

Urban Honolulu, HI

$1,942

Difference

$83.70

🏠Rent Comparison

Studio

From$1,230

To$1,850

↑ $620

1 Bed

From$1,325

To$2,200

↑ $875

2 Bed

From$1,720

To$2,900

↑ $1,180

3 Bed

From$2,340

To$4,200

↑ $1,860

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

$14,815

Monthly in Urban Honolulu, HI

$5,396

Difference

Home Values

Anchorage

Urban Honolulu

$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

↓ $11.6K

More taxes

Monthly Difference

$969

Less take-home

Effective Rate Diff

7.8%

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

Urban Honolulu, HI

Federal Income Tax

Effective: 18.9%

$25.5K

Hawaii State Tax

Effective: 7.8%

$11.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 32.4%

$48.6K

Take-Home Pay

$8,446/month

$101.4K

Additional Tax Information

Anchorage, AK Tax Rates

Sales Tax:1.8%

Property Tax:0.9%

Urban Honolulu, HI Tax Rates

Sales Tax:4.5%

Property Tax:0.3%

💡 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.