Quality of Life

Alaska vs Connecticut: Cost of Living

Connecticut is cheaper overall by 12.7 cost-of-living points, but Alaska has no state income tax, but Alaska has lower median home values.

Alaska

AK · West

125.8

Composite cost of living index (100 = national average). Lower = more affordable.

Connecticut

CT · Northeast

Winner

113.1

Composite cost of living index (100 = national average). Lower = more affordable.

Visual comparison

Alaska125.8

Connecticut113.1

Difference: 12.7 points — Connecticut leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for cost of living.

Alaska #46 · 125.8

Connecticut #38 · 113.1

Best Worst

10 Best States — Cost of Living

Lower is better

West Virginia

83.6

Mississippi

85.5

Arkansas

87.6

Kentucky

88.0

Alabama

88.6

Oklahoma

88.6

Missouri

90.0

Kansas

90.2

Iowa

91.0

#10

Ohio

91.0

Selected states

#46

Alaska

125.8

#38

Connecticut

113.1

Alaska ranks 46th and Connecticut ranks 38th nationally for cost of living.

Overview

Cost of Living in context

A fast-reading view of the tradeoffs behind the raw cost numbers.

Overall

Connecticut feels cheaper overall

Connecticut has the lower cost-of-living index, beating Alaska by 12.7 points on the overall affordability baseline.

See full data →

Housing

pay about 1.0x more for a home

Alaska has the lower median home value, while buying in Connecticut costs materially more at the median.

See full data →

Rent Pressure

Alaska puts less pressure on a median paycheck

Median rent takes a smaller share of household income in Alaska than in Connecticut, which makes monthly budgeting easier.

See full data →

Taxes

Alaska has no state income tax

Alaska gives residents a cleaner paycheck-level tax advantage, while Connecticut still taxes income at the state level.

See full data →

Cost stack

Alaska

Overall affordability

Cost of living index: 125.8
Regional price parity: 102.7
Regular gas price: $4.619/gal
Electricity price: 25.52 c/kWh

Housing

Median gross rent: $1,352/mo
Median home value: $316,400
Owner costs w/ mortgage: $2,253/mo
Owner costs w/o mortgage: $698/mo

Taxes

State income tax: None (0%)
State sales tax: None (0%)
Property tax: 1.11%

Income

Median household income: $86,533
Income after median rent: $5,859
Minimum wage: $13.00/hr

Laws

Gun laws: Permissive
Alcohol system: License State
Marijuana status: Legal

Connecticut

Overall affordability

Cost of living index: 113.1
Regional price parity: 106.9
Regular gas price: $4.082/gal
Electricity price: 28.30 c/kWh

Housing

Median gross rent: $1,419/mo
Median home value: $326,200
Owner costs w/ mortgage: $2,454/mo
Owner costs w/o mortgage: $1,060/mo

Taxes

State income tax: 6.99%
State sales tax: 6.35%
Property tax: 1.81%

Income

Median household income: $90,213
Income after median rent: $6,099
Minimum wage: $16.35/hr

Laws

Gun laws: Restrictive
Alcohol system: License State
Marijuana status: Legal

What stands out

Alaska has lower median home values.
Alaska has no state income tax.
Connecticut has the lower overall cost index.
Connecticut has the higher median household income.

Affordability ratios

Owner costs to income

Alaska: 16.8%

Connecticut: 19.6%

What this means