Alaska vs Texas: Tax & Cost of Living Comparison
A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Alaska and Texas.
State 1
Alaska
AK
State 2
Texas
TX
No Income Tax States
Both Alaska and Texas have no state income tax. Residents keep more of their earnings, though other taxes and costs may differ.
| Category | Alaska | Texas |
|---|---|---|
| Income Tax Rate | No Income Tax | No Income Tax |
| Property Tax Rate | 1.04%Better | 1.68% |
| Property Tax (on Median Home) | $3,536/yrBetter | $5,040/yr |
| Sales Tax Rate | No Sales TaxBetter | 6.25% |
| Cost of Living Index | 127 | 93Better |
| Median Home Price | $340,000 | $300,000Better |
| Median Household Income | $77,800Better | $67,700 |
| Avg. Auto Insurance | $1,480/yrBetter | $2,100/yr |
| Avg. Home Insurance | $1,200/yrBetter | $2,700/yr |
Cost of Living Comparison
Index relative to national average (100)
Median Home Price
Alaska
$340,000
Property Tax: $3,536/yr
Texas
$300,000
Property Tax: $5,040/yr
Alaska homes are +13.3% more expensive than Texas homes.
Median Household Income
Alaska
$77,800
Texas
$67,700
Alaska households earn $10,100 more per year on average.
Insurance Costs
| Type | Alaska | Texas | Difference |
|---|---|---|---|
| Auto Insurance | $1,480/yr | $2,100/yr | $620/yr |
| Home Insurance | $1,200/yr | $2,700/yr | $1,500/yr |
| Total Insurance | $2,680/yr | $4,800/yr | $2,120/yr |
Overall Financial Comparison
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
Texas
23.8
The Bottom Line
Alaska offers lower property tax, lower sales tax, higher median income compared to Texas. Meanwhile, Texas offers lower cost of living, more affordable housing. Overall, Alaska edges ahead in our weighted financial comparison.
Alaska Advantages
- +Lower property tax
- +Lower sales tax
- +Higher median income
Texas Advantages
- +Lower cost of living
- +More affordable housing