Alaska
Low tax burden · COL index 126
Wins 5 categories
Mississippi
Moderate tax burden · COL index 82
Wins 8 categories
Alaska has no state income tax. Mississippi's top rate is 4.7%. Cost of living in Alaska (index 126) runs 54% higher than Mississippi (index 82). Property taxes are meaningfully different: Alaska averages 1.04% annually vs Mississippi's 0.64%. The median home in Alaska costs $340K vs $180K in Mississippi.
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Housing & Cost of Living
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Education
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Category wins
5
Alaska
8
Mississippi
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Do you get $1000 for living in Alaska?
Alaska has one of the longest-running incentive programs in the country: the Permanent Dividend Fund. Started in 1976, it pays every resident an annual stipend as long as they lived in Alaska during the previous calendar year. The amount depends on the state's annual revenue, but averages around $1,600.
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Typical Expenses