I used to live in Anchorage. The University of Alaska system has a surprisingly high quality of education considering the size and no-name-ness of the schools. What Vandalarius said is mostly accurate for Anchorage as well, except that the temperatures only got into the 70s in the summer (beautiful weather--warm but never hot or humid), rarely got below -20 in winter (got to -40 once while I was there), and the cost of living was no higher than it was where I grew up in the mid-Atlantic/northeast area (some things were more expensive, other things less, so that it evened out). Beauty_pact is also correct: AK has (or had when I checked the statistics a few years ago) the highest rape rate in the country. Lots of domestic violence as well. Still, it's not all doom and gloom. I was there nearly five years and was never assaulted (though I did carry Mace). The scenery is breathtakingly beautiful. The moose are really neat. Et cetera. Highly recommended.
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"A flower falls, even though we love it; and a weed grows, even though we do not love it."