A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Alabama and Alaska.
State 1
AL
State 2
AK
No Income Tax State
Alaska has no state income tax, which can mean significant savings for residents compared to Alabama (5.00% top rate).
| Category | Alabama | Alaska |
|---|---|---|
| Income Tax Rate | 5.00% | No Income TaxBetter |
| Property Tax Rate | 0.37%Better | 1.04% |
| Property Tax (on Median Home) | $777/yrBetter | $3,536/yr |
| Sales Tax Rate | 4.00% | No Sales TaxBetter |
| Cost of Living Index | 89Better | 127 |
| Median Home Price | $210,000Better | $340,000 |
| Median Household Income | $56,500 | $77,800Better |
| Avg. Auto Insurance | $1,560/yr | $1,480/yrBetter |
| Avg. Home Insurance | $1,850/yr | $1,200/yrBetter |
Index relative to national average (100)
Alabama
$210,000
Property Tax: $777/yr
Alaska
$340,000
Property Tax: $3,536/yr
Alabama homes are 38.2% cheaper than Alaska homes.
Alabama
$56,500
Alaska
$77,800
Alaska households earn $21,300 more per year on average.
| Type | Alabama | Alaska | Difference |
|---|---|---|---|
| Auto Insurance | $1,560/yr | $1,480/yr | $80/yr |
| Home Insurance | $1,850/yr | $1,200/yr | $650/yr |
| Total Insurance | $3,410/yr | $2,680/yr | $730/yr |
Weighted score combining income tax, property tax, sales tax, cost of living, housing, insurance, and income. A lower score indicates better overall financial affordability.
Alabama
39.3
Alaska
-27.1
More Affordable
Alabama offers lower property tax, lower cost of living, more affordable housing compared to Alaska. Meanwhile, Alaska offers lower income tax, lower sales tax, higher median income. Overall, Alaska edges ahead in our weighted financial comparison.
Alabama Advantages
Alaska Advantages