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The Municipality of Anchorage (Tanaina: Dgheyay Kaq'; Dgheyaytnu) is the largest city in the U.S. state of Alaska by population. With a population of 291,247 at the 2020 census, it contains nearly 40 percent of the state's population, and has more people than all of Northern Canada and Greenland combined. The Anchorage metropolitan area, which includes Anchorage and the neighboring Matanuska-Susitna Borough, had a population of 398,328 in 2020, accounting for more than half the state's population. At 1,706 sq mi (4,420 km2) of land area, the city is the fourth-largest by area in the United States and larger than the smallest state, Rhode Island, which has 1,212 sq mi (3,140 km2). Anchorage is in Southcentral Alaska, at the terminus of the Cook Inlet, on a peninsula formed by the Knik Arm to the north and the Turnagain Arm to the south. First settled as a tent city near the mouth of Ship Creek in 1915 when construction on the Alaska Railroad began, Anchorage was incorporated as a city in November 1920. In September 1975, the City of Anchorage merged with the Greater Anchorage Area Borough, creating the Municipality of Anchorage. The municipal city limits span 1,961.1 sq mi (5,079.2 km2), encompassing the urban core, a joint military base, several outlying communities, and almost all of Chugach State Park. Because of this, less than 10% of the Municipality (or Muni) is populated, with the highest concentration of people in the 100 square-mile area that makes up the city proper, on a promontory at the headwaters of the inlet, commonly called Anchorage, the City of Anchorage, or the Anchorage Bowl. Due to its location, almost equidistant from New York City, Tokyo, and Murmansk, Russia (straight over the North Pole), Anchorage lies within 10 hours by air of nearly 90% of the global north. For this reason, Ted Stevens Anchorage International Airport is a common refueling stop for international cargo flights and home to a major FedEx hub, which the company calls a "critical part" of its global network of services. Anchorage has won the All-America City Award four times: in 1956, 1965, 1984–85, and 2002, from the National Civic League. Kiplinger has named it the United States' most tax-friendly city.

Alaska ( ə-LASS-kə) is a non-contiguous U.S. state on the northwest extremity of North America. It borders the Canadian province of British Columbia and the Yukon territory to the east; it shares a western maritime border in the Bering Strait with Russia's Chukotka Autonomous Okrug. The Chukchi and Beaufort Seas of the Arctic Ocean lie to the north and the Pacific Ocean lies to the south. Technically a semi-exclave of the U.S., it is the largest exclave in the world. Alaska is the largest U.S. state by area, comprising more total area than the next three largest states of Texas, California and Montana combined, and is the seventh-largest subnational division in the world. It is the third-least populous and most sparsely populated U.S. state, but is, with a population of 736,081 as of 2020, the continent's most populous territory located mostly north of the 60th parallel, with more than quadruple the combined populations of Northern Canada and Greenland. The state contains the second-largest and most-largest cities in the United States by area: the state capital of Juneau, and its former capital, Sitka, respectively. The state's most populous city is Anchorage and approximately half of Alaska's residents live within its metropolitan area. Indigenous people have lived in Alaska for thousands of years, and it is widely believed that the region served as the entry point for the initial settlement of North America by way of the Bering land bridge. The Russian Empire was the first to actively colonize the area beginning in the 18th century, eventually establishing Russian America, which spanned most of the current state, and promoted and maintained a native Alaskan Creole population. The expense and logistical difficulty of maintaining this distant possession prompted its sale to the U.S. in 1867 for US$7.2 million (equivalent to $157 million in 2023). The area went through several administrative changes before becoming organized as a territory on May 11, 1912. It was admitted as the 49th state of the U.S. on January 3, 1959. Abundant natural resources have enabled Alaska—with one of the smallest state economies—to have one of the highest per capita incomes, with commercial fishing, and the extraction of natural gas and oil, dominating Alaska's economy. U.S. Armed Forces bases and tourism also contribute to the economy; more than half the state is federally-owned land containing national forests, national parks, and wildlife refuges. It is among the most irreligious states, one of the first to legalize recreational marijuana, and is known for its libertarian-leaning political culture, generally supporting the Republican Party in national elections. The Indigenous population of Alaska is proportionally the second highest of any U.S. state, at over 15 percent, after only Hawaii.