A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Alaska and Colorado.
State 1
AK
State 2
CO
No Income Tax State
Alaska has no state income tax, which can mean significant savings for residents compared to Colorado (4.40% top rate).
| Category | Alaska | Colorado |
|---|---|---|
| Income Tax Rate | No Income TaxBetter | 4.40% |
| Property Tax Rate | 1.04% | 0.49%Better |
| Property Tax (on Median Home) | $3,536/yr | $2,573/yrBetter |
| Sales Tax Rate | No Sales TaxBetter | 2.90% |
| Cost of Living Index | 127 | 105Better |
| Median Home Price | $340,000Better | $525,000 |
| Median Household Income | $77,800 | $82,250Better |
| Avg. Auto Insurance | $1,480/yrBetter | $2,100/yr |
| Avg. Home Insurance | $1,200/yrBetter | $2,600/yr |
Index relative to national average (100)
Alaska
$340,000
Property Tax: $3,536/yr
Colorado
$525,000
Property Tax: $2,573/yr
Alaska homes are 35.2% cheaper than Colorado homes.
Alaska
$77,800
Colorado
$82,250
Colorado households earn $4,450 more per year on average.
| Type | Alaska | Colorado | Difference |
|---|---|---|---|
| Auto Insurance | $1,480/yr | $2,100/yr | $620/yr |
| Home Insurance | $1,200/yr | $2,600/yr | $1,400/yr |
| Total Insurance | $2,680/yr | $4,700/yr | $2,020/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.
Alaska
-27.1
More Affordable
Colorado
33.5
Alaska offers lower income tax, lower sales tax, more affordable housing compared to Colorado. Meanwhile, Colorado offers lower property tax, lower cost of living, higher median income. Overall, Alaska edges ahead in our weighted financial comparison.
Alaska Advantages
Colorado Advantages