Cost of Living: Anchorage, AK vs Hoover, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Anchorage | Hoover |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $395,000 | $321,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1920 | $1360 |
Housing Comparison: Anchorage vs Hoover
- In Anchorage, the median home price is higher at $395,000, while in Hoover it is $321,000.
- Renting a two-bedroom apartment costs more in Anchorage at $1,800 than in Hoover at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Anchorage | Hoover |
|---|---|---|
| Electricity Price | $25.4 | $15.03 |
| Natural Gas Price | $12.01 | $21.76 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Anchorage vs Hoover
- Electricity costs are higher in Anchorage at $25.4 per kWh, compared to $15.03 in Hoover.
- Hoover experiences higher natural gas costs at $21.76 per unit, with costs at $12.01 in Anchorage.
- Utility expenses are equal in both Anchorage and Hoover averaging $250.