Fairbanks, AK Cost Of Living
Fairbanks's Overall Cost Of Living
Higher Than The National Average
In Alaska
In America
What is the cost of living in Fairbanks, AK?
According to the most recent data on the cost of living, Fairbanks has an overall cost of living index of 132 which is 1.3x higher than the national index of 100.
Compared to only Alaska, Fairbanks has a cost of living index that's 1.0x higher than Alaska's index of 127.
The standard of living in Fairbanks ranks as #5,329 most affordable out of the 6,418 places we measured in Alaska. By definition, that implies Fairbanks ranks as the #1,090 most expensive place in the Last Frontier.
Fairbanks Cost Of Living Vs. Alaska
| Living Expense | Fairbanks | Alaska | National Average | |
|---|---|---|---|---|
| Overall | 132 | 127 | 100 | |
| Services | 118 | 112 | 100 | |
| Groceries | 120 | 134 | 100 | |
| Health | 156 | 150 | 100 | |
| Housing | 117 | 136 | 100 | |
| Transportation | 121 | 121 | 100 | |
| Utilities | 218 | 150 | 100 | |
Fairbanks, AK Housing Cost Breakdown
Housing swings affordability the most between places in Alaska, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
Detailed Fairbanks Services Costs Vs. Alaska
Detailed Fairbanks Groceries Costs Vs. Alaska
Detailed Fairbanks Health Costs Vs. Alaska
Detailed Fairbanks Transportation Costs Vs. Alaska
Detailed Fairbanks Utilities Costs Vs. Alaska
Fairbanks SnackAbility
/10
Cost Of Living In Cities Around Fairbanks
| City | Population | Cost Of Living | Vs. Fairbanks |
|---|---|---|---|
| Badger, AK | 19,434 | 133 | 1.0x |
| College, AK | 12,734 | 133 | 1.0x |
| Steele Creek, AK | 7,365 | 135 | 1.0x |
| Chena Ridge, AK | 5,863 | 134 | 1.0x |
| Farmers Loop, AK | 5,089 | 128 | 1.0x |
