Alaska
2026 Cost of Living Report

The 5 Cheapest Places
to Live in Alaska

We analyzed housing markets, tax rates, and daily expenses across 10 cities to maximize your budget.

#1 Value Pick
Fairbanks
Lowest Cost Index
Cheapest Big City
Anchorage
Best metro area value
Avg 1BR Rent
$1253/mo
In top 5 affordable cities
#1
Fairbanks
Cost Index
99.4
1BR Rent
$1253
Median Income
$72k
#2
Badger CDP
Cost Index
99.4
1BR Rent
$1242
Median Income
$98k
#3
College CDP
Cost Index
99.4
1BR Rent
$1242
Median Income
$77k
#4
Anchorage
Cost Index
104.5
1BR Rent
$1107
Median Income
$94k
#5
Knik-Fairview CDP
Cost Index
104.5
1BR Rent
$1306
Median Income
$95k

2026 Scientific Ranking: Best Places to Live in Alaska

Methodology Brief
Ocity.org’s definitive 2026 ranking of Alaskan municipalities employs a weighted algorithm to quantify livability. The analysis aggregates three core data sets—Safety, Economic Output, and Affordability—across the state’s ten most populous statistical areas. Safety (weighted 40%) is derived from violent crime rates per 100,000 residents. Economic Output (weighted 30%) is measured by median household income. Affordability (weighted 30%) is calculated using median one-bedroom rent. The resulting Ocity Score prioritizes statistical significance over anecdotal perception, isolating high-yield environments for data-driven relocation.

Top 3 Winners Deep Dive

Rank #1: North Lakes CDP
North Lakes emerges as the optimal statistical environment, achieving the highest composite Ocity Score. The data indicates a safety-optimized profile with a violent crime rate of 838/100k, consistent with the top tier, but it is the superior economic yield that differentiates this location. A median income of $102,785—the highest in the dataset—provides significant purchasing power. When combined with a median rent of $1,306, the economic efficiency ratio (income-to-rent) is maximized. For data scientists and high-earning professionals seeking a statistically significant combination of safety, high income, and manageable housing costs, North Lakes represents the definitive choice.

Rank #2: Juneau city and
Juneau secures the second position through robust economic output and cost efficiency. The city’s median income of $100,513 is statistically indistinguishable from the top rank, ensuring high-yield economic potential. However, the differentiating factor is affordability; despite a slightly higher rent of $1,307, the city’s larger population (31,969) implies a more mature infrastructure and service economy. The violent crime rate remains at 838/100k, aligning with the safety standards of the top cohort. Juneau offers a balanced profile for professionals prioritizing high income within a larger, established municipal framework.

Rank #3: Badger CDP
Badger CDP secures the third rank by delivering a compelling value proposition within the high-yield tier. It posts a median income of $98,042, maintaining strong economic output. The key statistical advantage is affordability: Badger’s median rent of $1,242 is the lowest among the top three contenders. This lower cost baseline, paired with a safety profile identical to the leaders (838/100k), results in a superior disposable income calculation. For residents optimizing for economic efficiency—maximizing savings rate relative to income—Badger offers a statistically advantageous alternative to the top two ranks.

The 'Hidden Gem': College CDP
While Anchorage offers lower rent, the 'Hidden Gem' for pure value (High Income + Low Cost) is College CDP. Anchorage’s median income of $94,437 is undercut by a violent crime rate of 1089/100k, which penalizes its safety score significantly. College CDP, conversely, presents a more favorable balance. It boasts a median income of $76,831—substantially higher than lower-ranked cities like Wasilla or Fairbanks—while maintaining a safety-optimized crime rate of 838/100k. Most critically, its median rent of $1,242 creates a high-yield affordability zone. For professionals who prioritize a low cost-of-living burden without sacrificing economic stability or safety, College CDP provides the most efficient risk-adjusted return in the dataset.

Full Rankings Table

Rank City Population Median Income Violent Crime Rate (/100k) Rent (1BR) Ocity Score Determinant
1 North Lakes CDP 10,583 $102,785 838 $1,306 Highest Income & Safety
2 Juneau city and 31,969 $100,513 838 $1,307 High Income & Infrastructure
3 Badger CDP 19,033 $98,042 838 $1,242 Optimal Affordability
4 Tanaina CDP 9,738 $95,587 838 $1,306 High Income / Avg. Cost
5 Knik-Fairview CDP 18,921 $95,000 838 $1,306 High Income / Avg. Cost
6 Meadow Lakes CDP 8,994 $81,250 838 $1,306 Moderate Income
7 College CDP 11,730 $76,831 838 $1,242 Best Value (Hidden Gem)
8 Fairbanks 32,242 $72,077 838 $1,253 Moderate Income
9 Wasilla 9,435 $70,756 838 $1,306 Lower Income
10 Anchorage 286,075 $94,437 1089 $1,107 Lower Safety Score

📈 Cost Breakdown

📊 Top 5 Ranking

🎯 Elite Tier Comparison

Frequently Asked Questions

What is the best place to live in Alaska?

Based on our 2026 analysis of safety, affordability, and economic opportunity, Fairbanks ranks as the #1 best place to live in Alaska. Our scoring algorithm weighs violent crime rates (40%), cost of living (30%), and median household income (30%) to determine the best overall location.

What is the safest city in Alaska?

Fairbanks has the lowest violent crime rate among major cities in Alaska, making it the safest option for families and individuals prioritizing security. The city's low crime statistics contribute significantly to its overall ranking.

What is the most affordable place to live in Alaska?

Fairbanks offers the best value for residents in Alaska, with a cost of living index below the state average. Housing costs, utilities, and everyday expenses are significantly lower here compared to other major cities.

Which city in Alaska has the highest salaries?

North Lakes CDP boasts the highest median household income in Alaska, making it ideal for career-focused professionals. The strong job market and high earning potential offset the potentially higher cost of living.

How are the best places to live rankings calculated?

Our rankings use a weighted algorithm: Safety Score (40%) based on FBI violent crime data, Affordability Score (30%) based on cost of living indices, and Prosperity Score (30%) based on median household income from Census Bureau data. Each city receives a composite score out of 100.