With a 110k income, you're right on target for purchasing a home in Alaska. Financial advisors recommend spending about 3 to 4 times your annual income on a home, which translates to a budget between $330,000 and $440,000.

In Anchorage, the median home price is approximately $410,000, fitting neatly within your target range. This balance ensures a wide variety of quality homes are available to you.

Additionally, other cities like Fairbanks and Juneau offer appealing options at around $330,000. With a property tax rate of 1.1%—amounting to roughly $4,510 per year—and a cost of living significantly above the national average, your income comfortably supports homeownership across the state.