Cost of living in Paderborn (Germany) is 27% cheaper than in Anchorage, Alaska (United States)
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 694 prices entered by 87 different people.
For example, to keep the same standard of living that would require $6,100 in Anchorage, Alaska you would need to make just about $4,428 (€3,809) in Paderborn.