What is a pro or con of living in Minneapolis, Minnesotacompared to Fairbanks, Alaska?

Median Home Cost is 6% more expensive in Minneapolis.

What salary do I need to live in Minneapolis, Minnesota copmared to Fairbanks, Alaska?

A salary of $107,300 in Fairbanks, Alaska should increase to $110,456 in Minneapolis, Minnesota (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

FAIRBANKS vs. MINNEAPOLIS
Cost of Living Comparison

Fairbanks, Alaska vs. Minneapolis, Minnesota

Cost of Living Comparison

The cost of living in Minneapolis, Minnesota is 2.9% more expensive than Fairbanks, Alaska.

You would need a salary of $110,456 in Minneapolis, Minnesota to maintain the standard of living you have in Fairbanks, Alaska.

Comparison highlights

• Overall, Minneapolis, Minnesota is more expensive than Fairbanks, Alaska
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
6% more expensive in Minneapolis
than in Fairbanks, Alaska

Fairbanks, AK vs. Minneapolis, MN

Compared to Fairbanks, Minneapolis is:

Homeowner

No Child Care, Taxes not Considered

2.9% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

23.9% lower

Housing (Homeowner)

9.7% higher

Housing (Rent)

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Median Home Cost

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Utilities

25.7% lower

Commute

44.5% higher

Health

40.8% lower

Taxes

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Childcare

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Personal

8.6% lower

Cost of Food

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Fairbanks, Alaska vs. Minneapolis, Minnesota

Cost of Living Comparison

Comparison highlights

Fairbanks, AK vs. Minneapolis, MN

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