Anchorage vs Honolulu
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Anchorage is 67% cheaper for renters. A 2-bedroom rents for $1,162/mo vs $1,937/mo in Honolulu — saving $9,300/year.
Rent by Unit Size
| Unit Size | Anchorage | Honolulu | Difference |
|---|---|---|---|
| Studio | $795 | $1,256 | $461 |
| 1 Bedroom | $960 | $1,543 | $583 |
| 2 Bedrooms | $1,162 | $1,937 | $775 |
| 3 Bedrooms | $1,475 | $2,397 | $922 |
| 4 Bedrooms | $1,674 | $2,745 | $1,071 |
| Median Income | $75,443 | $116,677 | $41,234 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/yr
Honolulu
- Studio
- $1,256/mo
- 1 BR
- $1,543/mo
- 2 BR
- $1,937/mo
- 3 BR
- $2,397/mo
- 4 BR
- $2,745/mo
- Median Income
- $116,677/yr
Frequently Asked Questions
Is Anchorage or Honolulu cheaper to rent in?
Anchorage is cheaper — a 2-bedroom Fair Market Rent is $1,162/mo vs $1,937/mo in Honolulu. That's $775/mo or $9,300/year more expensive in Honolulu (67% higher).
What is the 2-bedroom rent in Anchorage vs Honolulu?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Honolulu, a 2-bedroom FMR is $1,937/month.
How do incomes compare between Anchorage and Honolulu?
The median household income in Anchorage is $75,443/year. In Honolulu it is $116,677/year. Honolulu has the higher median income.
What is the studio rent in Anchorage vs Honolulu?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Honolulu it is $1,256/mo.