Second Story Addition in Anchorage, AK — Costs $113,347 to $708,417
What does second story addition cost in Anchorage? Average $283,367, ranging $113,347–$708,417. Labor runs $43.91/hr locally — 42% above the national average. Free breakdown with material + labor split.
Anchorage, AK Market
+42% vs nationalLabor Rate
$43.91/hr
Material Index
137
Avg Permit Cost
$1,651
Median Home Price
$460,932
Anchorage is a mid-sized city in Alaska with a healthy pool of local contractors. Homeowners generally have several options to compare for a second story addition, which helps keep pricing competitive. At 42% above the national average, Anchorage is one of the more expensive markets for home improvement — driven primarily by above-average labor rates in the region. The median home in Anchorage is valued at $460,932, putting this project at about 61.5% of home value — a moderate investment with a projected 60% ROI.
Low Estimate
$113,347
National: $80,000
Mid-Range
$283,367
National: $200,000
High End
$708,417
National: $500,000
Per Sq Ft
$425
National: $300
Second Story Addition Cost Calculator for Anchorage
Adjusted for Anchorage's labor rate ($43.91/hr) and material costs (index 137).
Mid-grade materials, good quality fixtures, standard options.
Estimated Total in Anchorage
$283,367
Based on 200 sq ft at mid quality, adjusted for Anchorage market rates.
Local Cost Breakdown
At Anchorage's average rate of $43.91/hr (46% above national avg)
Material cost index 137 (37% above national baseline of 100)
Second Story Addition vs. Home Value in Anchorage
| Metric | Anchorage | National Avg |
|---|---|---|
| Second Story Addition (Mid-Range) | $283,367 | $200,000 |
| Median Home Price | $460,932 | $350,000 |
| Project as % of Home Value | 61.5% | 57.1% |
| Estimated ROI | 60% | 60% |
| Median Household Income | $85,307 | $75,000 |
What Affects the Price in Anchorage
- 1Local labor rates ($43.91/hr in Anchorage)
- 2Material cost index (137 vs national 100)
- 3Total square footage added
- 4Structural reinforcement of first floor
- 5Staircase addition
- 6Roof removal and replacement
Popular Upgrades
- Master suite
- Additional bedrooms
- Jack-and-Jill bathroom
Other Projects in Anchorage, AK
Accessory Dwelling Unit (ADU) Construction
$212,525
Room Addition
$127,515
Swimming Pool Installation
$91,485
Garage Addition
$77,926
Home Addition
$112,972
Inground Swimming Pool
$91,181
Attic Conversion
$78,183
Swimming Pool Construction
$71,076
Planning a Second Story Addition in Anchorage
Building permits are typically required for a second story addition in Anchorage. The average permit fee in this area is $1,651, though costs vary based on project scope. Permit fees in this market are above average — factor them into your total budget. Plan for 4-8 months from start to finish.
A second story addition is a complex project best left to licensed professionals. In Anchorage, skilled contractors charge an average of $43.91/hr, and the specialized nature of this work means cutting corners on labor can lead to costly rework.
With a median household income of $85,307, many Anchorage residents can budget for this project through savings. The mid-range cost of $283,367 represents 332% of the typical household's annual income.
Second Story Addition — National Guide
See the full national cost guide with DIY tips, cost factors, and ROI analysis.
All Construction Costs in Anchorage
View labor rates, material costs, and project estimates for Anchorage, AK.
Explore All Project Cost Guides
Compare costs across 120+ home improvement projects in 3,636 cities nationwide.
View All Project Costs