Alaska vs New Jersey Cost of Living
Purchasing power
Your $75,000 is worth different amounts in each state
$59,195
in Alaska
$65,048
in New Jersey
Each cell = 1% of purchasing power. Green = value, red = gap.
Spending breakdown
Estimated annual spending on a $75,000 salary
What things actually cost
Real dollar costs side by side
Category breakdown
| Category | Alaska | New Jersey | Difference |
|---|---|---|---|
| Housing | 123.6 | 141.9 | -13% |
| Groceries | 125.0 | 103.5 | +21% |
| Utilities | 156.5 | 102.2 | +53% |
| Transportation | 120.2 | 102.1 | +18% |
| Healthcare | 139.2 | 110.8 | +26% |
| Dining & Misc | 122.6 | 104.5 | +17% |
| Overall | 126.7 | 115.3 | +10% |
Index values relative to national average (100). Positive difference = more expensive in Alaska.
What things actually cost
| Item | Alaska | New Jersey | Difference |
|---|---|---|---|
| Median home price | $340,000 | $500,000 | $160,000 |
| Average 2BR rent | $1,730/mo | $1,987/mo | $257 |
| Gas price | $3.95/gal | $3.44/gal | +$0.51 |
| Electric bill | $196/mo | $144/mo | +$52 |
| Infant childcare | $20,943/yr | $18,155/yr | +$2,788 |
Salary equivalent: Alaska → New Jersey
What a Alaska salary buys you in New Jersey, adjusted for cost of living.
| Salary in Alaska | Equivalent in New Jersey | Difference |
|---|---|---|
| $50,000 | $45,501 | +$4,499 |
| $75,000 | $68,252 | +$6,748 |
| $100,000 | $91,002 | +$8,998 |
| $150,000 | $136,504 | +$13,496 |
| $200,000 | $182,005 | +$17,995 |
Positive = your money goes further in New Jersey. Based on overall COL index ratio.
Based on MERIC/C2ER 2025 composite indices. Dollar amounts from AAA, EIA, Zillow, and Child Care Aware.
Overview
Alaska is 10% more expensive than New Jersey overall. Alaska has an index of 126.7 vs 115.3 for New Jersey (national average = 100).
FAQ
Is it cheaper to live in Alaska or New Jersey?
New Jersey is cheaper to live in. Alaska is 10% more expensive overall. The biggest driver is housing — median home prices are $340,000 in Alaska vs $500,000 in New Jersey.
Is New Jersey cheaper than Alaska?
Yes, New Jersey is 10% cheaper than Alaska overall based on the MERIC/C2ER cost-of-living index. Housing, groceries, and utilities all factor into the difference.
Is Alaska more expensive than New Jersey?
Yes, Alaska is 10% more expensive than New Jersey based on the MERIC/C2ER composite index. Housing is typically the largest factor in the difference.
What salary in New Jersey equals $100,000 in Alaska?
To maintain the same purchasing power as a $100,000 salary in Alaska, you would need approximately $91,002 in New Jersey. This is based on the overall cost-of-living index (126.7 vs 115.3).
How do housing costs compare between Alaska and New Jersey?
Housing is significantly cheaper in Alaska. Median home prices are $340,000 in Alaska vs $500,000 in New Jersey — a $160,000 difference. Average 2-bedroom rent is $1,730/mo vs $1,987/mo.
What costs more in Alaska vs New Jersey?
Utilities is 53% higher in Alaska (index 156.5 vs 102.2). Healthcare is 26% higher in Alaska (index 139.2 vs 110.8). Groceries is 21% higher in Alaska (index 125 vs 103.5).
Is gas cheaper in Alaska or New Jersey?
Gas averages $3.95/gallon in Alaska and $3.44/gallon in New Jersey — a $0.51 difference per gallon.
Alaska vs New Jersey cost of living — how do they compare?
Alaska has an overall cost-of-living index of 126.7 and New Jersey has 115.3 (national average = 100). Alaska is 10% more expensive overall. Use the calculator above to see how this affects your specific salary.
How do taxes compare between Alaska and New Jersey?
Cost of living is only part of the picture — state income taxes also affect your take-home pay. Alaska has no state income tax and no state sales tax. It funds government primarily through oil revenue. New Jersey has a progressive income tax with 7 brackets, topping out at 10.75% on income over $1 million. Use the Alaska vs New Jersey paycheck comparison to see how a specific salary compares after federal and state taxes, FICA, and deductions.
Do I need to file state tax returns in Alaska and New Jersey?
Alaska has no state income tax, so residents do not file a state tax return. New Jersey requires residents to file a state income tax return annually, typically due April 15. If you move between states mid-year, you typically file a part-year resident return in each state for the income earned while living there.
Where does this cost of living data come from?
Cost-of-living indices are from the MERIC/C2ER 2025 Annual Average. Dollar amounts use AAA gas prices (March 2025), EIA electricity rates (2024), Child Care Aware childcare costs (2024), Zillow home values (2024-2025), and BEA Regional Price Parities.
Related tools
- Alaska Cost of Living — Housing, groceries, gas, and more
- New Jersey Cost of Living — Housing, groceries, gas, and more
- Alaska vs New Jersey Paycheck Comparison — Compare take-home pay after taxes
- House Affordability in Alaska — How much house can you afford?
- House Affordability in New Jersey — How much house can you afford?
- Alaska Tax Brackets — See 2026 marginal rates
- New Jersey Tax Brackets — See 2026 marginal rates
- Alaska Mortgage Calculator — Estimate monthly payments with local rates
- New Jersey Mortgage Calculator — Estimate monthly payments with local rates
- Alaska Bonus Tax Calculator — See how bonuses are taxed differently
- New Jersey Bonus Tax Calculator — See how bonuses are taxed differently
- Gross-Up Calculator — Find the salary you need to hit a target take-home
- Salary to Hourly Converter — Convert annual salary to hourly rate
- Compare any two states
Based on MERIC/C2ER 2025 composite indices and publicly available price data. Cost of living varies significantly by metro area within a state. These are statewide averages.