A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Alaska and New York.
State 1
AK
State 2
NY
No Income Tax State
Alaska has no state income tax, which can mean significant savings for residents compared to New York (10.90% top rate).
| Category | Alaska | New York |
|---|---|---|
| Income Tax Rate | No Income TaxBetter | 10.90% |
| Property Tax Rate | 1.04%Better | 1.62% |
| Property Tax (on Median Home) | $3,536/yrBetter | $6,804/yr |
| Sales Tax Rate | No Sales TaxBetter | 4.00% |
| Cost of Living Index | 127Better | 130 |
| Median Home Price | $340,000Better | $420,000 |
| Median Household Income | $77,800Better | $75,900 |
| Avg. Auto Insurance | $1,480/yrBetter | $2,100/yr |
| Avg. Home Insurance | $1,200/yrBetter | $1,400/yr |
Index relative to national average (100)
Alaska
$340,000
Property Tax: $3,536/yr
New York
$420,000
Property Tax: $6,804/yr
Alaska homes are 19.0% cheaper than New York homes.
Alaska
$77,800
New York
$75,900
Alaska households earn $1,900 more per year on average.
| Type | Alaska | New York | Difference |
|---|---|---|---|
| Auto Insurance | $1,480/yr | $2,100/yr | $620/yr |
| Home Insurance | $1,200/yr | $1,400/yr | $200/yr |
| Total Insurance | $2,680/yr | $3,500/yr | $820/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
New York
101.6
Alaska offers lower income tax, lower property tax, lower sales tax, lower cost of living, more affordable housing, higher median income compared to New York. Meanwhile, New York offers no clear tax advantage. Overall, Alaska edges ahead in our weighted financial comparison.
Alaska Advantages
New York Advantages
No clear advantages in this comparison