Anchorage vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Salt Lake City is 3% cheaper for renters. A 2-bedroom rents for $1,127/mo vs $1,162/mo in Anchorage — saving $420/year.
Rent by Unit Size
| Unit Size | Anchorage | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $795 | $754 | $41 |
| 1 Bedroom | $960 | $912 | $48 |
| 2 Bedrooms | $1,162 | $1,127 | $35 |
| 3 Bedrooms | $1,475 | $1,352 | $123 |
| 4 Bedrooms | $1,674 | $1,632 | $42 |
| Median Income | $75,443 | $77,224 | $1,781 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Anchorage or Salt Lake City cheaper to rent in?
Salt Lake City is cheaper — a 2-bedroom Fair Market Rent is $1,127/mo vs $1,162/mo in Anchorage. That's $35/mo or $420/year more expensive in Anchorage (3% higher).
What is the 2-bedroom rent in Anchorage vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Anchorage and Salt Lake City?
The median household income in Anchorage is $75,443/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Anchorage vs Salt Lake City?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Salt Lake City it is $754/mo.