Anchorage 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.
Anchorage is located 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 on the globe, being almost equidistant from New York City, Frankfurt, and Tokyo, Anchorage lies within 9 ½ hours by air to nearly 90% of the industrialized world. For this reason, the Anchorage International Airport is a common refueling stop for many international flights and is home to a major FedEx Hub which the company calls a "critical part" of its global network of services.
Anchorage has been named an All-America City 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.