Is Anchorage, AK cheaper than Urban Honolulu, HI?

Based on cost of living data, Anchorage, AK is 35.2% cheaper than Urban Honolulu, HI. This translates to saving $2642 per month.

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

If you earn $150,000 in Urban Honolulu, HI, you'd need approximately $118,290.155 in Anchorage, AK to maintain the same standard of living.

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

Housing in Anchorage, AK is 60.4% cheaper than in Urban Honolulu, HI. For a two-bedroom apartment, rent is $1,720/month in Anchorage, AK compared to $2,900/month in Urban Honolulu, HI.

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

Moving from Urban Honolulu, HI to Anchorage, AK could save you approximately $2642 per month, or $31710 per year, based on a $150,000 salary.

Urban Honolulu, HI vs Anchorage, AK: 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 Urban Honolulu, HI

Numbers update automatically as you type

You'd save $2.6K/month moving to Anchorage, AK

$150.0K in your current city equals $118.3K in Anchorage, AK

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

Overall Cost

↓ 35.2%

Less expensive

Monthly Impact

$2,642

Savings

Annual Impact

$31.7K

Per year

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

Urban Honolulu, HI

Population:351K

Cost Index:

100

100 = national average

Median Home:$657K

Anchorage, AK

Population:292K

Cost Index:

(35% below avg)

Median Home:$365K

Urban Honolulu, HI

The Aloha State

351K

Population

State Tax

Yes

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

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!

Cost Breakdown by Category

Annual spending: Urban Honolulu, HI vs Anchorage, AK

Category	Urban Honolulu, HI	Anchorage, AK	Difference	Change
Housing	$7,744/mo	$3,066/mo	↓ $4,678less	60.4%
Transportation	$1,830/mo	$1,448/mo	↓ $382less	20.9%
Groceries	$1,669/mo	$1,329/mo	↓ $340less	20.4%
Healthcare	$706/mo	$892/mo	↑ $186more	26.3%
All Utilities	$923/mo	$825/mo	↓ $98.36less	10.7%
Other	$1,942/mo	$1,858/mo	↓ $83.70less	4.3%

Housing

↓ 60.4%

Urban Honolulu, HI

$7,744

Anchorage, AK

$3,066

Difference

$4,678

less

Transportation

↓ 20.9%

Urban Honolulu, HI

$1,830

Anchorage, AK

$1,448

Difference

$382

less

Groceries

↓ 20.4%

Urban Honolulu, HI

$1,669

Anchorage, AK

$1,329

Difference

$340

less

Healthcare

↑ 26.3%

Urban Honolulu, HI

$706

Anchorage, AK

$892

Difference

$186

All Utilities

↓ 10.7%

Urban Honolulu, HI

$923

Anchorage, AK

$825

Difference

$98.36

less

Other

↓ 4.3%

Urban Honolulu, HI

$1,942

Anchorage, AK

$1,858

Difference

$83.70

less

🏠Rent Comparison

Studio

From$1,850

To$1,230

↓ $620

1 Bed

From$2,200

To$1,325

↓ $875

2 Bed

From$2,900

To$1,720

↓ $1,180

3 Bed

From$4,200

To$2,340

↓ $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.

$14,815

Monthly in Urban Honolulu, HI

$9,419

Monthly in Anchorage, AK

$5,396

Difference

Home Values

Urban Honolulu

Anchorage

Median Value

$365K

YoY Change

↑ +3.9%

5-Year Change

↑ +20.9%

Price Range

$316K - $658K

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

Per year

Monthly Difference

$969

More take-home

Effective Rate Diff

7.8%

Rate difference

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

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

Additional Tax Information

Urban Honolulu, HI Tax Rates

Sales Tax:4.5%

Property Tax:0.3%

Anchorage, AK Tax Rates

Sales Tax:1.8%

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.