Farmington, New Mexico vs. Fairbanks, Alaska

Cost of Living Comparison

The cost of living in Fairbanks, Alaska is 30.3% more expensive than Farmington, New Mexico.

You would need a salary of $131,571 in Fairbanks, Alaska to maintain the standard of living you have in Farmington, New Mexico.
Comparison highlights
• Overall, Fairbanks, Alaska is more expensive than Farmington, New Mexico
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
27% more expensive in Fairbanks
than in Farmington, New Mexico
Farmington, NM vs. Fairbanks, AK
Compared to Farmington, Fairbanks is:
  Homeowner
      No Child Care, Taxes not Considered
  30.3% 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
  39.3% higher
  Housing (Homeowner)
  28.9% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  52.6% higher
  Commute
  4.0% lower
  Health
  52.9% higher
  Taxes
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  Childcare
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  Personal
  23.8% higher
Cost of Food
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