Anchorage, AK vs Minneapolis, MN
Cost of Living Comparison
Minneapolis, MN is more affordable by 0.6 index points
Side-by-Side Comparison
| Category | Anchorage, AK | Minneapolis, MN | Difference |
|---|---|---|---|
| Overall | 105.4 | 104.8 | +0.6 |
| Housing | 109.9 | 111.8 | -1.9 |
| Goods | 107.3 | 103.1 | +4.3 |
| Utilities | 111.8 | 93.5 | +18.3 |
| Other Services | 103.3 | 104.4 | -1.1 |
Income & Housing Comparison
| Metric | Anchorage, AK | Minneapolis, MN |
|---|---|---|
| Median Household Income | $93,016 | $94,673 |
| Median Home Value | $344,500 | $334,200 |
| Median Monthly Rent | $1,375 | $1,324 |
| Per Capita Income | $44,553 | $49,334 |
Frequently Asked Questions
Is Anchorage, AK or Minneapolis, MN cheaper to live in?
Minneapolis, MN is more affordable. The cost of living difference is 0.6 index points (Anchorage, AK: 105.4, Minneapolis, MN: 104.8).
Where is housing cheaper, Anchorage, AK or Minneapolis, MN?
Housing is more affordable in Anchorage, AK. Housing index: Anchorage, AK (109.9) vs Minneapolis, MN (111.8).