City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Anchorage | Carmel | Difference |
|---|---|---|---|
| Median rent | $1,405/mo | $1,499/mo | 6.3% lower in A |
| Median home value | $363,800 | $425,900 | 14.6% lower in A |
| Median household income | $95,731 | $132,859 | 27.9% lower in A |
| Groceries index | 106.4 | 94.9 | 12.1% higher in A |
| Utilities index | 115.8 | 88.0 | 31.6% higher in A |
| Transportation index | 103.7 | 98.5 | 5.4% higher in A |
| Healthcare index | 103.6 | 99.1 | 4.5% higher in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Anchorage, you'd need $89,552 in Carmel to maintain your standard of living.
Climate, safety, and demographics side by side.
Carmel, IN is about 10.4% cheaper overall than Anchorage, AK, based on our cost-of-living index. Housing costs are roughly 11% lower in Carmel than in Anchorage. If you earn $80,000 in Anchorage, you'd need about $71,641 in Carmel to keep the same standard of living.