Moving from Minneapolis to Anchorage
You'd keep $47 more a month in Anchorage
+$564 a year for the same registered nurse, the same household size, and the same number of bedrooms.
Minneapolis leftover
$2,741
a month after tax and rent
Anchorage leftover
$2,788
+$47 vs Minneapolis
| Per month | Minneapolis | Anchorage | Difference |
|---|---|---|---|
| Gross pay | $8,250 | $8,141 | −$109 |
| Income and payroll tax | $2,186 | $1,715 | −$471 |
| Take-home pay | $6,064 | $6,426 | +$362 |
| Rent | $1,369 | $1,346 | −$23 |
| Getting around | $504 | $636 | +$132 |
| Groceries | $400 | $457 | +$57 |
| Healthcare | $450 | $514 | +$64 |
| Utilities | $250 | $286 | +$36 |
| Everything else | $350 | $400 | +$50 |
| Left over | $2,741 | $2,788 | +$47 |
To break even in Anchorage, you'd need to earn
$97,000
Household gross, versus $99,000 today. That's the salary that leaves you exactly as much at the end of the month as Minneapolis does now.
The tax difference alone
+$5,269
A year, in state and local income tax. Alaska has no wage income tax.
More about Anchorage
Minneapolis, MN in full
Strong wages, good bones, and a January that averages 9°F at night.
Anchorage, AK in full
No state income tax, a median 2-bedroom asking rent of $1,602 and 138 sunny days; commutes average 23 minutes.
The reverse move
Same two cities, but starting from Anchorage on Anchorage wages.
Anchorage → Minneapolis →Questions
Is the cost of living lower in Anchorage than Minneapolis?
A one-bedroom is about $1,369 in Minneapolis versus $1,346 in Anchorage. On a one-adult, one-bedroom household, leftover is about $47 a month higher in Anchorage. Change the job or household on the comparison to see your number.
Does Anchorage have state income tax?
Anchorage is in Alaska, which has no state income tax.
What changes if you move from Minneapolis to Anchorage?
Take-home pay is recalculated under Alaska tax, rent is priced at the same bedroom count, and leftover is the gap. The from-to page also lists IRS households that already made the move, when that data exists.
Rent is Zillow's asking rent for each metro; taxes and living costs are modelled. An estimate, not a quote or tax advice. How this is calculated.