Cost of Living in Fairbanks, AK
2024 data from the Bureau of Economic Analysis
Cost Index
103.2
3.2% above avg
Housing Index
92.6
Median Income
$81,655
Median Rent
$1,360/mo
Cost Breakdown
Overall103.2 (+3.2%)
Housing92.6 (-7.4%)
Goods107.3 (+7.3%)
Utilities119.8 (+19.8%)
Other Services103.3 (+3.3%)
National average = 100
Income & Housing
Median Household Income
$81,655/year
Median Home Value
$276,800
Median Monthly Rent
$1,360/mo
Per Capita Income
$42,744/year
Compare Fairbanks, AK With
Frequently Asked Questions
Is Fairbanks, AK expensive to live in?
Fairbanks, AK has a cost of living index of 103.2, which is 3.2% above the national average.
How much does housing cost in Fairbanks, AK?
Housing costs in Fairbanks, AK are indexed at 92.6 compared to the national average of 100. The median monthly rent is $1,360.
What is the average income in Fairbanks, AK?
The median household income in Fairbanks, AK is $81,655 per year.
What is the average home price in Fairbanks, AK?
The median home value in Fairbanks, AK is $276,800.