![]() Over the course of a year, this amounts to about $450 more in housing costs than the typical American retiree without a mortgage spends on housing. In Alaska, for example, the typical monthly housing expenses $536 among the 65 and older population without a mortgage, more than in most other states. Goods and services are about 5% more expensive in Alaska than they are nationwide, on average. The state's higher than average projected retirement costs are partially due to the state's high cost of living. In Alaska, a comfortable retirement for the average resident will cost $1,159,339 – about $39,000 more than the national average.
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