Anchorage vs Joliet
Cost of Living Comparison · 2026
Anchorage
Joliet
The Verdict
The cost gap between these cities is 33.7%, with Joliet being the more affordable option. A $75,000 income in Anchorage has equivalent purchasing power to $56,102 in Joliet.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Anchorage has the same purchasing power as $56,102 in Joliet.
Conversely, $75,000 in Joliet equals $100,263 in Anchorage.
Living in Anchorage vs Joliet
Housing Costs
Anchorage's housing index of 142 is higher Joliet's 85, translating to median home prices of $340,000 vs $275,000. The $65,000 difference in home prices means roughly $4,224 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,400/mo in Anchorage compared to $1,325/mo in Joliet, a monthly difference of $75.
Grocery & Food Costs
Grocery expenses index at 120 in Anchorage and 101 in Joliet. A household spending the national average of $475/month on groceries would pay approximately $570/month in Anchorage vs $480/month in Joliet. Joliet offers a meaningful advantage on everyday food costs, saving roughly $1080/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 130 in Anchorage and 94 in Joliet. Monthly utility bills average approximately $520 in Anchorage vs $376 in Joliet. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 128 in Anchorage and 102 in Joliet. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 26-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $72,515 in Anchorage and $88,000 in Joliet. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $57,098 and $92,632 respectively. Joliet residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,692/month to housing in Anchorage vs $2,053/month in Joliet. In Anchorage, median rent of $1,400/mo fits within this budget. In Joliet, median rent of $1,325/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 57 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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