Knik-Fairview, AK Cost Of Living
Cost Of Living In Knik-Fairview, AK Summary
Cost of living in Knik-Fairview research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Knik-Fairview is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alaska, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Knik-Fairview is 126, with 100 being the average.
The cost of living index in Knik-Fairview is 1.3x higher than the national average.
Knik-Fairview ranks as the #7 cheapest in Alaska out of 22.
Knik-Fairview ranks as the #4,776 cheapest out of 6,489 in the US.
The median home value in Knik-Fairview is $354,544.
The median income in Knik-Fairview is $95,000.
Table Of Contents
Knik-Fairview's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Knik-Fairview, AK?
According to the most recent data on the cost of living, Knik-Fairview has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Alaska, Knik-Fairview has a cost of living index that's 1.0x lower than Alaska's index of 131.
The standard of living in Knik-Fairview ranks as #7 most affordable out of the 22 places we measured in Alaska. By definition, that implies Knik-Fairview ranks as the #15 most expensive place in the Last Frontier.
For more reading on life in Knik-Fairview, check out:
In Alaska
In America
Knik-Fairview Cost Of Living Vs. Alaska
Six factors go into calculating the cost of living index in Knik-Fairview. Here is how it fairs on each of the criteria:
The Services index in Knik-Fairview is 118.
The Groceries index in Knik-Fairview is 123.
The Health index in Knik-Fairview is 140.
The Housing index in Knik-Fairview is 136.
The Transportation index in Knik-Fairview is 111.
The Utilities index in Knik-Fairview is 113.
| Living Expense | Knik-Fairview | Alaska | National Average | |
|---|---|---|---|---|
| Overall | 126 | 131 | 100 | |
| Services | 118 | 120 | 100 | |
| Groceries | 123 | 123 | 100 | |
| Health | 140 | 150 | 100 | |
| Housing | 136 | 136 | 100 | |
| Transportation | 111 | 116 | 100 | |
| Utilities | 113 | 158 | 100 | |
Knik-Fairview, AK Housing Cost Breakdown
Housing swings affordability the most between places in Alaska, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Knik-Fairview is $354,544.
The Median Rent in Knik-Fairview is $1,615.
The Median Income in Knik-Fairview is $95,000.
The Home Value To Income in Knik-Fairview is 3.7x.
The Rent To Monthly Income in Knik-Fairview is 0.2x.
| Statistic | Knik-Fairview | Alaska | United States |
|---|---|---|---|
| Median Home Value | $354,544 | $378,991 | $303,400 |
| Median Rent | $1,615 | $1,388 | $1,348 |
| Median Income | $95,000 | $89,336 | $78,538 |
| Home Value To Income | 3.7x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.19x | 0.21x |
Median Home Value
Median Rent
Median Income
Knik-Fairview, AK Costs By Category
Detailed Knik-Fairview Services Costs Vs. Alaska
| Item | Knik-Fairview | Alaska |
|---|---|---|
| Shampoo | $1.31 | $1.28 |
| Movie | $13.19 | $12.13 |
| Bowling | $18.08 | $18 |
| Haircut | $28.21 | $24.26 |
| Beauty Salon | $47.27 | $45.56 |
Detailed Knik-Fairview Groceries Costs Vs. Alaska
| Item | Knik-Fairview | Alaska |
|---|---|---|
| Ground Beef | $6.62 | $5.84 |
| Fried Chicken | $2.45 | $1.57 |
| Milk | $5.09 | $4.67 |
| Potatoes | $5.98 | $4.93 |
| Pizza | $12.76 | $12.09 |
| Beer | $13.48 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Knik-Fairview Health Costs Vs. Alaska
| Item | Knik-Fairview | Alaska |
|---|---|---|
| Optometrist | $247.07 | $125.68 |
| Doctor | $215.28 | $135.78 |
| Dentist | $153.23 | $113.29 |
Detailed Knik-Fairview Transportation Costs Vs. Alaska
| Item | Knik-Fairview | Alaska |
|---|---|---|
| Gasoline | $3.93 | $3.46 |
| Tire Balancing | $65.07 | $59.92 |
Detailed Knik-Fairview Utilities Costs Vs. Alaska
| Item | Knik-Fairview | Alaska |
|---|---|---|
| All Electricity | $232.09 | $193.99 |
| Phone | $189.01 | $192.25 |
Knik-Fairview SnackAbility
/10
Cost Of Living In Cities Around Knik-Fairview
The cost of living varies in the cities and towns around Knik-Fairview. Here's a quick look at the cost of living in the most populous nearby places:
Tanaina, AK has a cost of living index of 123, 1.0x Knik-Fairview.
Wasilla, AK has a cost of living index of 123, 1.0x Knik-Fairview.
Meadow Lakes, AK has a cost of living index of 120, 1.0x Knik-Fairview.
| City | Population | Cost Of Living | Vs. Knik-Fairview |
|---|---|---|---|
| Tanaina, AK | 9,738 | 123 | 1.0x |
| Wasilla, AK | 9,435 | 123 | 1.0x |
| Meadow Lakes, AK | 8,994 | 120 | 1.0x |
| Gateway, AK | 6,716 | 130 | 1.0x |
| Palmer, AK | 6,141 | 116 | 0.9x |
