Fairbanks, Alaska vs. Traverse City, Michigan

Cost of Living Comparison

The cost of living in Traverse City, Michigan is 5.0% cheaper than Fairbanks, Alaska.

You would need a salary of $71,250 in Traverse City, Michigan to maintain the standard of living you have in Fairbanks, Alaska.
Comparison highlights
• Overall, Traverse City, Michigan is cheaper than Fairbanks, Alaska
• Childcare is the biggest factor in the cost of living difference.
Childcare
37% cheaper in Traverse City
than in Fairbanks, Alaska
Fairbanks, AK vs. Traverse City, MI
Compared to Fairbanks, Traverse City is:
  Homeowner
      No Child Care, Taxes not Considered
  5.0% lower
      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
  27.2% lower
  Housing (Homeowner)
  8.3% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  28.6% lower
  Commute
  3.3% higher
  Health
  35.8% lower
  Taxes
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  Childcare
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  Personal
  14.7% lower
Cost of Food
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