City comparison
Anchorage, AK vs Miami, FL
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Miami, FL are 8.3% higher than in Anchorage, AK. Someone earning $100,000 in Anchorage, AK would need about $108,300 in Miami, FL to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,995 a month in Miami, FL versus $1,243 in Anchorage, AK. On $100,000, that's 30% of take-home pay in Miami, FL and 19% in Anchorage, AK.
- Estimated state income tax on $100,000 is close: $0 a year in AK and $0 in FL.
- For federal employees, locality pay changes a GS-13 step 1 salary by −5.8% moving from Anchorage, AK to Miami, FL ($120,348 → $113,356), while prices change by +8.3%. Net effect of the transfer: −13.0% in real buying power.
- Anchorage, AK: price level 105.4 (pricier)
- Miami, FL: price level 114.2 (much pricier)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Anchorage, AK | Miami, FL | |
|---|---|---|
| Price level (U.S. = 100)2 | 105.4 | 114.2 |
| $100,000 is worth, in the other city2 | $108,286 in Miami | $92,348 in Anchorage |
| Typical 1-bedroom rent3 | $1,243/mo | $1,995/mo |
| Take-home on $100,00014,15,8 | $79,180 | $79,180 |
| State income tax on $100,000 (estimate)8 | $0 (AK) | $0 (FL) |
| Rent burden on $100,000 | 19% | 30% |
| Median pay, all jobs4 | $60,200 | $48,640 |
| Federal locality pay area7 | State of Alaska | Miami-Port St. Lucie-Fort Lauderdale, FL |
Rent areas: Anchorage, AK HUD Metro FMR Area and Miami-Miami Beach-Kendall, FL HUD Metro FMR Area. Metro areas: Anchorage, AK and Miami-Fort Lauderdale-West Palm Beach, FL.
What costs more or less
| Price level (U.S. = 100) | Anchorage | Miami |
|---|---|---|
| Housing (rent) | 109.9 | 155.6 |
| Goods | 107.3 | 103.6 |
| Utilities | 111.8 | 97.2 |
| Other services | 103.3 | 109.1 |
| Overall | 105.4 | 114.2 |
Moving with the same $100,000 salary
Anchorage, AK → Miami, FL
Same pay buys less
Buying power −7.7%; rent takes 30% of take-home; state tax +$0/yr.
37 Weak offer
Miami, FL → Anchorage, AK
Same pay goes further
Buying power +8.3%; rent takes 19% of take-home; state tax +$0/yr.
95 Strong offer
On the GS pay scale?
Anchorage, AK is in the State of Alaska pay area; Miami, FL is in Miami-Port St. Lucie-Fort Lauderdale, FL. The last column shows what a transfer from Anchorage, AK to Miami, FL at the same grade and step does to real buying power.
| Grade5,2 | Anchorage, AK | Miami, FL | Real change, Anchorage → Miami |
|---|---|---|---|
| GS-9 step 1 | $69,789 | $65,735 | −13.0% |
| GS-11 step 1 | $84,439 | $79,533 | −13.0% |
| GS-12 step 1 | $101,206 | $95,326 | −13.0% |
| GS-13 step 1 | $120,348 | $113,356 | −13.0% |
| GS-14 step 1 | $142,216 | $133,953 | −13.0% |
Pay for common jobs
| Median annual pay4 | Anchorage, AK | Miami, FL | Miami pay in Anchorage dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $79,270 | $58,300 | $53,839 (−32.1%) |
| Software Developers | $104,030 | $132,650 | $122,500 (+17.8%) |
| Accountants and Auditors | $82,150 | $80,920 | $74,728 (−9.0%) |
| Registered Nurses | $115,290 | $91,380 | $84,388 (−26.8%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.