Fairbanks, AK vs Farmington, NM
Cost of Living Comparison
Farmington, NM is more affordable by 15.5 index points
Side-by-Side Comparison
| Category | Fairbanks, AK | Farmington, NM | Difference |
|---|---|---|---|
| Overall | 103.2 | 87.7 | +15.5 |
| Housing | 92.6 | 56.6 | +36.0 |
| Goods | 107.3 | 96.1 | +11.2 |
| Utilities | 119.8 | 77.9 | +41.9 |
| Other Services | 103.3 | 98.5 | +4.8 |
Income & Housing Comparison
| Metric | Fairbanks, AK | Farmington, NM |
|---|---|---|
| Median Household Income | $81,655 | $50,734 |
| Median Home Value | $276,800 | $170,700 |
| Median Monthly Rent | $1,360 | $894 |
| Per Capita Income | $42,744 | $25,008 |
Frequently Asked Questions
Is Fairbanks, AK or Farmington, NM cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 15.5 index points (Fairbanks, AK: 103.2, Farmington, NM: 87.7).
Where is housing cheaper, Fairbanks, AK or Farmington, NM?
Housing is more affordable in Farmington, NM. Housing index: Fairbanks, AK (92.6) vs Farmington, NM (56.6).