Salary Needed to Live in Anchorage as a Single
A single adult living independently needs approximately $24,076/year to live comfortably in Anchorage, AK — including 10% savings.
Comfortable Salary
$24,076
with 10% savings
Bare Minimum
$20,778
no savings buffer
Monthly Expenses
$1,264
17% above national avg
Detailed Monthly Budget for a Single in Anchorage
| Expense | Anchorage | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $160 | $113 | +42% |
| 🛒 Groceries | $27 | $17 | +59% |
| ⚡ Utilities | $13 | $14 | -7% |
| 🚗 Transportation | $30 | $26 | +15% |
| 🛡️ Car Insurance | $159 | $215 | -26% |
| 🏥 Health Insurance | $56 | $54 | +4% |
| Internet | $83 | $65 | +28% |
| Phone | $108 | $85 | +27% |
| Dining & Social | $381 | $300 | +27% |
| Entertainment | $152 | $120 | +27% |
| Personal Care | $95 | $75 | +27% |
| Total Monthly | $1,264 | $1,084 | +17% |
How We Calculated the Salary
Monthly expenses:$1,264
Target savings (10%):$163/mo
Monthly after-tax needed:$1,427
Effective tax rate:27%
Gross annual salary needed:$24,076
Other Household Types in Anchorage
Related Pages
FAQ
What salary does a single person need in Anchorage?
A single person needs approximately $24,076/year ($2,006/month gross) to live comfortably in Anchorage with a 10% savings rate.
How much is rent for a single person in Anchorage?
A studio/1br in Anchorage costs approximately $160/month, which is the largest single expense at 13% of the total budget.
Is Anchorage affordable for a single person?
Anchorage is above the national average for single person living costs, requiring 17% more salary than the US median.