Cost of Living Comparison Between Anchorage, AK and Chicago, IL Cost of Living Comparison Between Anchorage, AK and Chicago, IL

Monthly Cost of Living

Monthly costs for one person with rent: $2,846 in Anchorage, AK versus $3,068 in Chicago, IL.

Estimated couple costs with rent: $4,292 in Anchorage, AK versus $4,648 in Chicago, IL.

Monthly costs for a family of three with rent: $5,737 in Anchorage, AK versus $6,229 in Chicago, IL.

Living in Anchorage, AK costs roughly 7% less than in Chicago, IL, driven mainly by Monthly Utilities & Internet.

Both cities are pricier than the global median: Anchorage, AK 113% above, Chicago, IL 130% above.

Meal at Budget Restaurant

$25.46 $25.46

$20.17 $20.17

26.23%

Three-Course Dinner for Two, Mid-Range

$99.9 $99.9

$99.5 $99.5

0.42%

Fast Food Meal (McDonalds, etc)

$13.21 $13.21

$12.23 $12.23

8.01%

Cappuccino

$5.43 $5.43

$5.60 $5.60

-3.04%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.60 $2.60

$3.12 $3.12

-16.67%

Water (0.33 liter bottle)

$2.72 $2.72

$2.43 $2.43

11.93%

Local Beer (0.5 liter draught)

$8.14 $8.14

$6.93 $6.93

17.46%

Imported Beer (0.33 liter bottle)

$7.64 $7.64

$8.20 $8.20

-6.83%

Milk (1 liter)

$1.08 $1.08

White Bread (500g)

$4.01 $4.01

$3.97 $3.97

1.01%

Rice (white) (1kg)

$4.34 $4.34

$5.58 $5.58

-22.22%

Eggs

$3.31 $3.31

$4.47 $4.47

-25.95%

Local Cheese (1kg)

$12.17 $12.17

$14.50 $14.50

-16.07%

Chicken Fillets (1kg)

$12.77 $12.77

$15.08 $15.08

-15.32%

Beef Round Steak (1kg)

$20.95 $20.95

$19.34 $19.34

8.32%

Apples (1kg)

$7.80 $7.80

$5.37 $5.37

45.25%

Banana (1kg)

$1.93 $1.93

$1.76 $1.76

9.66%

Oranges (1kg)

$6.39 $6.39

$4.32 $4.32

47.92%

Tomato (1kg)

$7.03 $7.03

$4.41 $4.41

59.41%

Potato (1kg)

$2.40 $2.40

$2.54 $2.54

-5.51%

Onion (1kg)

$2.81 $2.81

$2.70 $2.70

4.07%

Lettuce (1 head)

$2.68 $2.68

$2.49 $2.49

7.63%

Water (1.5 liter bottle)

$2.29 $2.29

$2.60 $2.60

-11.92%

Cigarettes 20 Pack (Marlboro, Camel)

$11.53 $11.53

$14.80 $14.80

-22.09%

Wine (Bottle)

$16.87 $16.87

$15.18 $15.18

11.13%

Local Beer (0.5 liter bottle)

$1.70 $1.70

$2.47 $2.47

-31.17%

Imported Beer (0.33 liter bottle)

$3.96 $3.96

$3.60 $3.60

10.00%

One-way Ticket (Public Transport)

$1.99 $1.99

$2.54 $2.54

-21.65%

Public Transport Monthly Pass (Regular Price)

$58.8 $58.8

$76.3 $76.3

-22.89%

Taxi Start (Normal Tariff)

$2.67 $2.67

$3.30 $3.30

-19.09%

Taxi (Normal Tariff) (1km)

$1.74 $1.74

$1.38 $1.38

26.09%

Taxi 1hour Waiting (Normal Tariff)

$37.29 $37.29

$25.36 $25.36

47.04%

Gasoline (1 liter)

$1.01 $1.01

$1.09 $1.09

-7.34%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$33.1K $33.1K

$31.6K $31.6K

4.47%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$25.8K $25.8K

$26.6K $26.6K

-2.88%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$286 $286

$186 $186

54.01%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$53.0 $53.0

$62.9 $62.9

-15.73%

Internet (50+ Mbps, Unlimited Data)

$130 $130

$66.2 $66.2

97.14%

Gym Membership (Monthly)

$81.0 $81.0

$77.6 $77.6

4.34%

Tennis Court (1 Hour on Weekend)

$40.57 $40.57

$13.16 $13.16

208.28%

Cinema Ticket

$13.63 $13.63

$14.74 $14.74

-7.53%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$955 $955

$2,039 $2,039

-53.16%

International Primary School, 1 Child (Yearly)

$10.2K $10.2K

$39.9K $39.9K

-74.46%

Jeans (Levis 501 Or Similar)

$48.55 $48.55

$63.9 $63.9

-23.96%

Summer Dress (H&M, Zara, etc)

$45.14 $45.14

$51.2 $51.2

-11.78%

Sport Shoes (Adidas, Nike)

$102 $102

$95.2 $95.2

7.41%

Men's Leather Business Shoes

$120 $120

$144 $144

-16.78%

1-bedroom Apartment, City Center (Monthly)

$1,489 $1,489

$2,305 $2,305

-35.40%

1-bedroom Apartment, Outside City Center (Monthly)

$1,205 $1,205

$1,575 $1,575

-23.50%

3-bedroom Apartment, City Center (Monthly)

$2,478 $2,478

$4,688 $4,688

-47.14%

3-bedroom Apartment, Outside City Center (Monthly)

$2,237 $2,237

$2,737 $2,737

-18.28%

Buy Apartment in City Center (m2)

$4,078 $4,078

$4,063 $4,063

0.35%

Buy Apartment Outside City Center (m2)

$2,831 $2,831

$2,696 $2,696

5.01%

Average Monthly Net Salary (After Tax)

$4,722 $4,722

$5,019 $5,019

-5.93%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.46

6.6

-2.12%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Anchorage, AK: July 12, 2026

Last update for Chicago, IL: July 11, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,489 in Anchorage, AK and $2,305 in Chicago, IL. Housing cost is often the main lever when comparing two cities.

Chicago, IL pays 6% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $100 in Anchorage, AK vs $99.0 in Chicago, IL for a mid-range dinner for two. Groceries echo the gap at $457 vs $448 per month, with Chicago, IL cheaper across the board.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Anchorage, AK vs Chicago, IL: Cost of Living - Frequently Asked Questions

Anchorage, AK wins on cost – living expenses run 8% lower than in Chicago, IL. Housing and daily spending are where you'll feel the difference most, making Anchorage, AK the obvious pick if budget is a priority.

On paper, salaries run 6% lower in Chicago, IL. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,489 in Anchorage, AK versus $2,305 in Chicago, IL. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Anchorage, AK – a meal for two runs $100 versus $99.0 in Chicago, IL. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,846 per month in Anchorage, AK versus $3,068 in Chicago, IL – a 8% gap that adds up to real savings over time for anyone picking the cheaper option.

Both cities are expensive relative to $2,000. Anchorage, AK is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

Both work as nomad bases, but Anchorage, AK delivers better value – similar infrastructure at $2,846 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Anchorage, AK hard to pass up.

Expats usually find Anchorage, AK gentler on the wallet – expenses run 8% less than in Chicago, IL. Beyond cost, consider language, visa policies, and how big the international community is in each city.