A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Alaska and Illinois.
State 1
AK
State 2
IL
No Income Tax State
Alaska has no state income tax, which can mean significant savings for residents compared to Illinois (4.95% top rate).
| Category | Alaska | Illinois |
|---|---|---|
| Income Tax Rate | No Income TaxBetter | 4.95% |
| Property Tax Rate | 1.04%Better | 2.07% |
| Property Tax (on Median Home) | $3,536/yrBetter | $5,175/yr |
| Sales Tax Rate | No Sales TaxBetter | 6.25% |
| Cost of Living Index | 127 | 93Better |
| Median Home Price | $340,000 | $250,000Better |
| Median Household Income | $77,800Better | $72,200 |
| Avg. Auto Insurance | $1,480/yrBetter | $1,700/yr |
| Avg. Home Insurance | $1,200/yrBetter | $1,700/yr |
Index relative to national average (100)
Alaska
$340,000
Property Tax: $3,536/yr
Illinois
$250,000
Property Tax: $5,175/yr
Alaska homes are +36.0% more expensive than Illinois homes.
Alaska
$77,800
Illinois
$72,200
Alaska households earn $5,600 more per year on average.
| Type | Alaska | Illinois | Difference |
|---|---|---|---|
| Auto Insurance | $1,480/yr | $1,700/yr | $220/yr |
| Home Insurance | $1,200/yr | $1,700/yr | $500/yr |
| Total Insurance | $2,680/yr | $3,400/yr | $720/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
Illinois
48.5
Alaska offers lower income tax, lower property tax, lower sales tax, higher median income compared to Illinois. Meanwhile, Illinois offers lower cost of living, more affordable housing. Overall, Alaska edges ahead in our weighted financial comparison.
Alaska Advantages
Illinois Advantages