The Last Frontier could be where you retire, especially if you like the cold. In contrast, many seniors think of a home with a warm beach, some like the cooler temperatures. Not only that, but the state promotes many values that a person would like to see, especially as they age. The people in Alaska love to live self-sufficient lives and go on outdoor adventures. It's a place where anyone can discover themselves, especially if they feel like starting anew. If you're looking for a place to fish, hunt, or build a nice cabin with your loved one, Alaska is your place.
Living in Alaska is more expensive than in the rest of the United States, almost 30% more, so a person looking to retire might consider that when moving to the state. Despite this, the median home cost is around $20K cheaper than the US average, making it possible to find an affordable living. One of the highest costs in Alaska is the utilities, which are 57 percent more than the national average. It's a state that can be worth the extra costs, but it would be best if you prepared by researching the best places to live in the state.
| COST OF LIVING | Alaska | United States |
|---|---|---|
| Overall | 129.9 | 100 |
| Grocery | 132.7 | 100 |
| Housing | 126.6 | 100 |
| Median Home Cost | $270,400 | $291,700 |
| Utilities | 157 | 100 |
| Transportation | 111 | 100 |
| Miscellaneous | 113.7 | 100 |
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