A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Alaska and North Carolina.
State 1
AK
State 2
NC
No Income Tax State
Alaska has no state income tax, which can mean significant savings for residents compared to North Carolina (4.50% top rate).
| Category | Alaska | North Carolina |
|---|---|---|
| Income Tax Rate | No Income TaxBetter | 4.50% |
| Property Tax Rate | 1.04% | 0.80%Better |
| Property Tax (on Median Home) | $3,536/yr | $2,480/yrBetter |
| Sales Tax Rate | No Sales TaxBetter | 4.75% |
| Cost of Living Index | 127 | 95Better |
| Median Home Price | $340,000 | $310,000Better |
| Median Household Income | $77,800Better | $64,000 |
| Avg. Auto Insurance | $1,480/yrBetter | $1,580/yr |
| Avg. Home Insurance | $1,200/yrBetter | $1,700/yr |
Index relative to national average (100)
Alaska
$340,000
Property Tax: $3,536/yr
North Carolina
$310,000
Property Tax: $2,480/yr
Alaska homes are +9.7% more expensive than North Carolina homes.
Alaska
$77,800
North Carolina
$64,000
Alaska households earn $13,800 more per year on average.
| Type | Alaska | North Carolina | Difference |
|---|---|---|---|
| Auto Insurance | $1,480/yr | $1,580/yr | $100/yr |
| Home Insurance | $1,200/yr | $1,700/yr | $500/yr |
| Total Insurance | $2,680/yr | $3,280/yr | $600/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
North Carolina
42.9
Alaska offers lower income tax, lower sales tax, higher median income compared to North Carolina. Meanwhile, North Carolina offers lower property tax, lower cost of living, more affordable housing. Overall, Alaska edges ahead in our weighted financial comparison.
Alaska Advantages
North Carolina Advantages