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Anchorage (officially called the Municipality of Anchorage; Dena'ina: Dgheyaytnu) is a unified home rule municipality in the U.S. state of Alaska. With an estimated 298,192 residents in 2016, it is Alaska's most populous city and contains more than 40 percent of the state's total population; among the 50 states, only New York has a higher percentage of residents who live in its most populous city. All together, the Anchorage metropolitan area, which combines Anchorage with the neighboring Matanuska-Susitna Borough, had a population of 401,635 in 2016, which accounts for more than half of the state's population. At 1,706 square miles of land area, the city is the fourth largest city by land in the United States and larger than the smallest state, Rhode Island, at 1,212 square miles.
Anchorage is in the south-central portion of 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. The city limits span 1,961.1 square miles (5,079.2 km2) which encompass the urban core, a joint military base, several outlying communities and almost all of Chugach State Park.
Due to its location, almost equidistant from New York City, Frankfurt, and Tokyo, Anchorage lies within 9 1⁄2 hours by air of nearly 90% of the industrialized world. For this reason, the Anchorage International Airport is a common refueling stop for many 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, by the National Civic League. It has also been named by Kiplinger as the most tax-friendly city in the United States.
Russian presence in south central Alaska was well-established in the 19th century. In 1867, U.S. Secretary of State William H. Seward brokered a deal to purchase Alaska from Imperial Russia for $7.2 million, or about two cents an acre ($0.1 billion in 2016 dollars). His political rivals lampooned the deal as "Seward's folly," "Seward's icebox," and "Walrussia." In 1888, gold was discovered along Turnagain Arm.
Alaska became a United States territory in 1912.
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