As of the U.S. Census of 2000, Anchorage had a population of 260,283 and in all the Anchorage Municipality is home to almost two-fifths of Alaska's population. The population today is approximately 72.23% White, 5.55% are Asian Americans, 5.84% are African Americans, 7.28% are American Indians or Alaska Natives, 0.93% are Pacific Islanders, 5.69% are Hispanic Americans or Latinos of any race, 5.98% are from Two or more races, and 2.19% are from other non-Caucasian backgrounds.

There are 94,822 households out of which 38.9% have childen under the age 18 living with them, 51.1% are married couples living together, 11.5% have a female householder with no husband present, and 32.4% are non-families. 23.4% of all households are made up of individuals and 3.8% have someone living alone who is 65 years of age or older. The average household size is 2.67 and the average family size is 3.19.

In the city the population is spread out with 29.1% under the age of 18, 9.6% from 18 to 24, 33.9% from 25 to 44, 21.9% from 45 to 64, and 5.5% who are 65 years of age or older. The median age is 32 years. For every 100 females there are 101.6 males. For every 100 females age 18 and over, there are 102.4 males.

The median income for a household in the city is $55,546, and the median income for a family is $63,682. Males have a median income of $41,267. The per capita income for the city is $25,287. 7.3% of the population and 5.1% of families are below the poverty line. Out of the total population, 8.8% of those under the age of 18 and 6.4% of those 65 and older are living below the poverty line.

There is, even among businesspeople in Anchorage, a tendency to "dress down" (there is no dress code in any Anchorage restaurant). This, and a sort of frontier spirit that still lives on in Alaska generally, gives Anchorage a relatively casual, relaxed atmosphere compared to some other American cities. (These cultural characteristics are only more exaggerated the farther one moves out of the city into the rest of Alaska.) The city has traditionally served as a destination for immigrants, and there are active Asian, Eastern European, and Hispanic populations, along with communities of African Americans and various groups of aboriginal Alaskans. Over 95 languages are spoken by students in the Anchorage School District.

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