Housing costs in Fairbanks?
A typical home costs
$271,700, which is 19.6% less expensive than the national average of
$338,100 and 19.2% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Fairbanks costs
$1,490 per month, which is 4.2% cheaper than the national average of
$1,430 and 9.4% more than the state average of
$1,350.
Can I afford Fairbanks?
To live comfortably in Fairbanks Ala Metro Area, Alaska, a minimum annual income of
$52,200 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Fairbanks?
The cost of living in Fairbanks, AK Metro Area is 104.1, which is 4.1% higher than the US average of 100. This means that the prices of goods and services in Fairbanks are slightly more expensive than those in other parts of the US. The median value of a house in Fairbanks is $271,700, which is much lower than the US average of $338,100. This makes buying a home in Fairbanks a much more affordable option for prospective homeowners compared to many other places throughout the country.