Anchorage (officially called the Municipality of Anchorage [MOA]) is a consolidated city-borough in the U.S. state of Alaska. With an estimated 279,243 municipal residents in 2008, it is Alaska's largest city and constitutes more than 40 percent of the state's total population; only New York has a higher percentage of residents who live in the state's largest city. Anchorage has been named All-America City four times,  by the National Civic League.

Anchorage, unlike every other large town in Alaska south of the Brooks Range, was neither a fishing nor mining camp. The area within tens of miles of Anchorage is barren of significant economic metal minerals; there is no fishing fleet operating out of Anchorage. The city grew from its happenstance choice as the site, in 1914, of a railroad construction port for the Alaska Railroad. The railroad was built between 1915 and 1923. Ship Creek Landing, where the railroad headquarters was located, quickly became a tent city; Anchorage was incorporated on November 23, 1920. The city's economy in the 1920s centered around the railroad. Between the 1930s and the 1950s, the city experienced massive growth as air transportation and the military became increasingly important. Merrill Field opened in 1930, and Anchorage International Airport opened in 1951. Elmendorf Air Force Base and Fort Richardson were constructed in the 1940s.

On March 27, 1964, Anchorage was hit by the magnitude 9.2 Good Friday Earthquake, which killed 115 Alaskans and caused $1.8 billion in damage (2007 U.S. dollars). The earth-shaking event lasted nearly five minutes; most structures that failed remained intact the first few minutes, then failed with repeated flexing. It was the second largest earthquake in the recorded history of the world. Rebuilding dominated the city in the mid 1960s.

In 1968, oil was discovered in Prudhoe Bay, and the resulting oil boom spurred further growth in Anchorage. In 1975, the City of Anchorage and the Greater Anchorage Area Borough (which includes Eagle River, Girdwood, Glen Alps, and several other communities) merged into the geographically larger Municipality of Anchorage. The city continued to grow in the 1980s, and capital projects and an aggressive beautification campaign took place.

Anchorage is located in South Central Alaska. It lies slightly farther north than Oslo, Stockholm, Helsinki and St. Petersburg, but not as far north as Reykjavik or Murmansk. It is northeast of the Alaska Peninsula, Kodiak Island, and Cook Inlet, due north of the Kenai Peninsula, northwest of Prince William Sound and Alaska Panhandle, and nearly due south of Mount McKinley/Denali. The city is on a strip of coastal lowland and extends up the lower alpine slopes of the Chugach Mountains. To the south is Turnagain Arm, a fjord that has some of the world's highest tides. Knik Arm, another tidal inlet, lies to the west and north. The Chugach Mountains on the east form a boundary to development, but not to the city limits, which encompass part of the wild alpine territory of Chugach State Park. The city's seacoast consists mostly of treacherous mudflats. Newcomers and tourists are warned not to walk in this area because of extreme tidal changes and the very fine glacial silt. Unwary victims have walked onto the solid seeming silt revealed when the tide is out and have become stuck in the mud. The two recorded instances of this occurred in 1961 and 1988. Contrary to popular belief, these unfortunate people usually die of hypothermia due to the very cold water before they drown.

A diverse wildlife population exists in urban Anchorage and the surrounding area. Approximately 250 black bears and 60 grizzly bears live in the area. Bears are regularly sighted within the city. Moose are a common sight. In the Anchorage Bowl, there is a summer population of approximately 250 moose, increasing to as many as 1000 during the winter. They are a hazard to drivers, with over 100 moose killed by cars each year. Two people have been stomped to death by moose in recent years in Anchorage. Cross-country skiers and dog mushers using city trails have been charged by moose on numerous occasions; the Alaska Dept of Fish and Game has to destroy some individual aggressive moose in the city every year. Dall sheep can be commonly sighted along the Seward Highway between Anchorage and Girdwood. Approximately 30 wolves live in the Anchorage area, in 2007 several dogs were killed by wolves while on walks with their owners. There are also beaver dams in local creeks, and it is common to see fox and kits in parking lots close to wooded areas in the spring. Along the Seward Highway headed toward Kenai, there are common sightings of whales in the Turnagain Arm.

There is one numbered state highway in Anchorage; Alaska Route 1. In Anchorage and southward it is known as the Seward Highway, it connects Anchorage to the Kenai Peninsula. Northerly from Anchorage it is known as the Glenn Highway. There is no other road access to Anchorage. A portion of the Seward Highway, approximately 10 miles (20 km) long (known as the New Seward Highway), is built to freeway standards. The Glenn Highway carries commuter traffic to and from Eagle River, Chugiak, and the Matanuska Valley towns of Palmer and Wasilla. The highway reduces from six lanes to four lanes north from Eagle River to the junction with the two-lane Parks Highway (Alaska Route 3), approximately midway between Wasilla and Palmer, where the Glenn reduces to a two-lane highway. Part of Alaska Route 1, as well as parts of other Alaska State Highways, are eligible for federal funding under the Interstate Highway System. Since the 1970s, the Alaska Department of Transportation, in coordination with the Federal Highway Administration and the Municipality of Anchorage, have been exploring the concept of connecting the two points between the Seward and Glenn highways. The project is called "Highway to Highway", and the most recent concept for this project is that of a "trenched" freeway through the heart of Anchorage. Highway to Highway is included in the 2005 Long Range Transportation Plan, and would cost at least $575 million dollars (2005 dollars) – by far the largest urban infrastructure project in Alaska's history. The project is currently undergoing development of the Environmental Impact Statement as required by NEPA for all federal highway projects. This scoping process will cost around $18 million and will take approximately 3 years; expected to be completed by 2011.

Anchorage has a bus system called People Mover, with a central hub in downtown Anchorage and satellite hubs at Dimond Center and Muldoon Mall. The People Mover provides carpool organization services. The public paratransit service known as AnchorRides provides point-to-point accessible transportation services to seniors and those who experience disabilities.

The Alaska Railroad offers year-round freight service along the length of its rail system between Seward (the southern terminus of the system), Fairbanks (the northern terminus of the system), and Whittier (a deep water, ice-free port). Daily passenger service is available during summer (May 15 – September 15), but is reduced to one round-trip per week between Anchrage and Fairbanks during the winter. Passenger terminals exist at Talkeetna, Denali National Park, Fairbanks, and other places. These communities are also served by bus line from Anchorage. The Ship Creek Shuttle connects downtown with the Ship Creek area, including stops at the Alaska Railroad Depot.

The Ted Stevens Anchorage International Airport, six miles (10 km) South from downtown Anchorage, is the airline hub for the state, served by many national and international airlines, including Seattle-based Alaska Airlines as well as a many intrastate airlines and charter air services. The airport is the primary international air freight gateway in the nation, by weight. Twenty-six percent of the tonnage of U.S. international air freight moves through Anchorage. Next to Ted Stevens Anchorage International Airport is Lake Hood Seaplane Base, the largest Seaplane Base in the world. Merrill Field, a general aviation airport on the edge of downtown, was the 86th-busiest airport in the nation in 2006.

Anchorage also is currently doing a feasibility study on a commuter rail and light rail system. For the commuter rail system, Anchorage would use existing Alaska Railroad tracks to provide service to Whittier, Palmer, Seward, Wasilla, and Eagle River.