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There is value in knowing the demographics of an area because if you are thinking about relocating for a job or other opportunities you'll want to know what the average income, population, average class size, and much more.
Anchorage Population : 296,400
Median Household Income : $74,396
Percentage of Homeowners : 61%
Average Rental Price : $1,1,27
Average Home Price : $317,000
Cost of Living Index: 126.4
(According to the AEDC as of 2010)
Many people come to expect the cost of living in Alaska to be much higher than the "Lower 48" states because of the cost of shipping goods to Alaska and the price of engery to heat the homes in such an extreme climate. if the average cost of living of the entire U.S. is 100 the cost of living in Anchorage is 26.4 percent higher than the U.S.. At the same time however, it isn't much higher than Seattle at 123.3. But still there are hundreds of thousands of people who live and work in Anchorage for the amazing opportunites and the dynamic communities.
Another fun fact is that the population of Anchorage tends to be very young! Not surprising that retired persons tend to spend their golden years in warmer cliamtes. Two-Thirds of the population is younger than 50 years old! Anchorage is also considered to be a very diverse city. This can be seen within the student population where over 80 different languages are spoken at home.
So what makes Anchorage so appealing to professionals seeking work, students seeking adventure, or businesses seaking new opportunites? There are a thousand and one reasons people relocate to Alaska. Some of those reasons is a high income average, no state taxes and no sales tax, and promising employment is these highest employing sectors: Government (including miltary), medical, and energy. To learn more about the Anchorage economy, click here.
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