Furnished Homes & Apartment Rentals in Alaska | HouseStay (2024)

FAQs

Why is Alaska rent so high? ›

City officials have called the situation in Anchorage a housing crisis. They've pointed to a tangle of factors: the spike in housing costs, a low rental vacancy rate, a rising number of short-term vacation rentals, a decline in housing development, increasing building costs and a labor shortage, among others.

What does a furnished apartment include? Most furnished apartments, regardless of the type, include basics such as a bed, couch, dining room table, refrigerator, and stove. If your apartment has an in-unit washer and dryer, you may also find a laundry basket and cleaning supplies like a vacuum, iron, and broom.

Fairbanks is one of the most budget-friendly rental destinations in Alaska with an average home rent ranging from $600 – $2,995. It also offers affordable housing which is 17.1% lower than the national average.

When it comes to food prices, Anchorage is one of the most affordable cities in the state; milk costs around $4 per gallon, and a loaf of bread will cost you $3.38. On average, the minimum grocery bill for one person in Alaska is estimated to be $451.71, compared to the national average of $323.72.

It's also a good idea if the home isn't exactly pristine, as a furnished house can help mask those slight imperfections that show up when it's empty. And last, but perhaps most importantly for some, furnished homes typically sell faster than unfurnished ones, and they often attract slightly higher prices.

Most goods must be shipped or flown into this remote region because there aren't many highways connecting it with rest parts of America which bumps up prices for almost everything—from groceries and gasoline to clothing and construction materials.

However, because of Alaska's remote location and high cost of living, a 'good' salary may be higher than the state median. What is the average salary in Alaska by hour? If Americans work an average of 1,801 hours per year—at 37.5 hours a week—then the average hourly salary in Alaska is $28.73.

As of August 2024, the average rent in Anchorage, AK is $1,276 per month. This is 17% lower than the national average rent of $1,536/month, making renting in Anchorage more affordable than most cities in the US.

Housing, groceries, healthcare, utilities, and transport are all above the national average. So how much money do you need? The average salary in Alaska is $61,670 per year, whereas average personal consumption is $48,739, so if you can hit that average or above, you'll be able to live comfortably in Alaska.