Anchorage is a consolidated city-borough in the state of Alaska.
Anchorage's largest economic sectors include transportation, military, local and federal government, tourism, and resource extraction. Large portions of the local economy depend on Anchorage's geographical location and surrounding natural resources. The Ted Stevens Anchorage International Airport is the world's third busiest airport by cargo traffic, surpassed only by Memphis and Hong Kong. This traffic is strongly linked to Anchorage's location along great circle routes between Asia and the lower 48 states.
Anchorage has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.