Not as expensive as you might think
The cost of living in many cities throughout Alaska is affordable and is significantly less expensive than San Francisco, Honolulu, Manhattan and a handful of other U.S. cities.
The state's best offerings are free
And that’s not all. Places like Anchorage and Fairbanks provide all the conveniences of large cities, but without the congestion and hassles. Commutes can be shorter, so you don't need to burn a lot of gas. There are greenbelts and parks everywhere with access to dozens of activities for families: world-class fishing, skiing, snow machining, ice skating, sledding, hiking, biking and rafting are just a stone’s throw away. And taking advantage of them doesn't require money for a plane ticket and hotel. Open spaces are right out your front door. In other words, the best parts of Alaska are completely free!
It costs roughly $122 to feed a family of four per week in Anchorage, Fairbanks , and the Mat-Su Valley. That’s on par with Portland, Ore., where the weekly family grocery bill is $100. It should be noted, however, that costs in rural Alaska are higher due to the remote locations.
Annual state payout for residents
The annual Permanent Fund Dividend helps to offset these costs. For 2008, each eligible resident will receive a dividend of $2,069. And that’s not all! Alaska has the lowest taxes in the U.S. and is one of a handful of states without a statewide sales tax.
Economical and carefree lifestyle
Low taxes, an easy lifestyle, and plenty of elbow room — they all add up to a standard of living only Alaska can provide.