Turnagain Arm, Alaska Cost Of Living

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D-

Overall 11%

Goods & Services 6%

Housing 1%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	111	127	128
Goods & Services	106	106	112
Groceries	131	131	137
Health care	142	142	147
Housing	99	152	135
Transportation	113	113	120
Utilities	125	125	147

Key findings

The cost of living in Turnagain Arm is 13% lower than the Anchorage average
The cost of living in Turnagain Arm is 11% 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	$20.00	$17.49	14.4%
Beauty Salon	$46.00	$38.17	20.5%
Toothpaste	$3.10	$2.32	33.6%
Shampoo	$1.12	$1.01	10.7%
Movie	$12.18	$10.72	13.6%
Bowling	$18.50	$13.86	33.5%

Groceries

Item	Anchorage	National avg.	Difference
Ground Beef	$4.74	$3.90	21.5%
Fried Chicken	$1.68	$1.40	20.4%
Milk	$2.54	$1.96	29.4%
Potatoes	$4.11	$3.18	29.1%
Pizza	$8.49	$10.39	18.3%
Beer	$9.99	$9.23	8.2%

Health Care

Item	Anchorage	National avg.	Difference
Optometrist	$213.85	$106.34	101.1%
Doctor	$181.67	$115.25	57.6%
Dentist	$140.50	$98.38	42.8%
Ibuprofen	$9.35	$9.26	1.0%
Lipitor	$561.49	$466.47	20.4%

Housing

Item	Anchorage	National avg.	Difference
Home Price	$298,000.00	$184,700.00	61.3%
Avg. Mortgage Payment	$2,022.15	$1,273.32	58.8%
Apartment Rent	$1,231.00	$949.00	29.7%

Transportation

Item	Anchorage	National avg.	Difference
Gasoline	$2.98	$2.59	14.9%
Tire Balancing	$56.00	$48.90	14.5%

Utilities

Item	Anchorage	National avg.	Difference
All Electricity	$243.53	$167.60	45.3%
Phone	$181.41	$163.42	11.0%

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	116	16%
Sunrise, AK	53	116	16%
Anchorage, AK	299,321	127	27%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Cincinnati, OH	298,011	90	-10%
Stockton, CA	301,443	110	10%
St. Paul, MN	297,160	103	3%
Pittsburgh, PA	305,305	91	-9%
Lexington-Fayette, KY	311,529	94	-6%
Anchorage, AK	299,321	127	27%

Source: The Turnagain Arm, Anchorage, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Turnagain Arm, Anchorage, AK Cost of Living