Turnagain Arm, Alaska Cost Of Living

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F

Overall 14%

Goods & Services 15%

Housing 1%

Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Turnagain Arm	Anchorage	Alaska
Cost of living	114	130	129
Goods & Services	115	115	114
Groceries	129	129	134
Health care	148	148	149
Housing	99	152	135
Transportation	111	111	122
Utilities	127	127	151

Key findings

The cost of living in Turnagain Arm is 11% lower than the Anchorage average
The cost of living in Turnagain Arm is 14% higher than the national average
Turnagain Arm housing is 1% lower than the national average
Alaska general sales tax is 100% lower than the national average
Alaska state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Household	$102,270	$8,523	$2,386	$3,068

Alaska Sales Tax

State	General Sales Tax	With Max Surtax
Alaska	0%	7%

Alaska Income Tax

State	Income Tax (Low)	Income Tax (High)
Alaska	0%	0%

Goods & Services

Item	Anchorage	National avg.	Difference
Haircut	$23.50	$18.62	26.2%
Beauty Salon	$54.87	$39.05	40.5%
Toothpaste	$3.15	$2.34	34.5%
Shampoo	$1.05	$1.06	0.9%
Movie	$12.27	$10.68	14.8%
Bowling	$17.03	$14.67	16.1%

Groceries

Item	Anchorage	National avg.	Difference
Ground Beef	$5.43	$4.22	28.6%
Fried Chicken	$1.71	$1.39	23.4%
Milk	$2.73	$2.05	33.4%
Potatoes	$4.46	$3.29	35.6%
Pizza	$11.80	$10.62	11.0%
Beer	$10.49	$9.38	11.8%

Health Care

Item	Anchorage	National avg.	Difference
Optometrist	$219.89	$108.57	102.5%
Doctor	$206.08	$116.17	77.4%
Dentist	$147.12	$99.13	48.4%
Ibuprofen	$10.13	$9.68	4.7%
Lipitor	$483.28	$466.92	3.5%

Housing

Item	Anchorage	National avg.	Difference
Home Price	$298,000.00	$184,700.00	61.3%
Avg. Mortgage Payment	$1,763.87	$1,197.42	47.3%
Apartment Rent	$1,231.00	$949.00	29.7%

Transportation

Item	Anchorage	National avg.	Difference
Gasoline	$2.59	$2.22	16.2%
Tire Balancing	$48.67	$50.07	2.8%

Utilities

Item	Anchorage	National avg.	Difference
All Electricity	$247.30	$167.67	47.5%
Phone	$184.26	$175.64	4.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Hope, AK	55	121	21%
Sunrise, AK	53	121	21%
Anchorage, AK	299,321	130	30%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Cincinnati, OH	298,011	89	-11%
Stockton, CA	301,443	112	12%
St. Paul, MN	297,160	103	3%
Pittsburgh, PA	305,305	93	-7%
Lexington-Fayette, KY	311,529	95	-5%
Anchorage, AK	299,321	130	30%

Source: The Turnagain Arm, Anchorage, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.

Turnagain Arm, Anchorage, AK Cost of Living