Cost of Living: Anchorage, AK vs Provo, UT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Anchorage | Provo |
|---|---|---|
| Housing Index | 120.0 | 110.5 |
| Median Home Price | $395,000 | $359,000 |
| Average Rent (2 BR Apartment) | $1800 | $1400 |
| Average Rent (2 BR House) | $1920 | $1440 |
Housing Comparison: Anchorage vs Provo
- In Anchorage, the median home price is higher at $395,000, while in Provo it is $359,000.
- Renting a two-bedroom apartment costs more in Anchorage at $1,800 than in Provo at $1,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Anchorage | Provo |
|---|---|---|
| Electricity Price | $25.4 | $11.5 |
| Natural Gas Price | $12.01 | $14 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Anchorage vs Provo
- Electricity costs are higher in Anchorage at $25.4 per kWh, compared to $11.5 in Provo.
- Provo experiences higher natural gas costs at $14 per unit, with costs at $12.01 in Anchorage.
- Other utility costs are higher in Anchorage at an average of $250, compared to Provo with $200.