Cost of Living Calculator - Minneapolis, Minnesota vs Fairbanks, Alaska


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

You would need a salary of $94,229 in Fairbanks, Alaska to maintain the standard of living you have in Minneapolis, Minnesota.
Comparison highlights
• Overall, Fairbanks, Alaska is cheaper than Minneapolis, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
6% cheaper in Fairbanks
than in Minneapolis, Minnesota
Minneapolis, MN vs Fairbanks, AK
Compared to Minneapolis, Fairbanks is:
  Homeowner
      No Child Care, Taxes not Considered
  2.9% lower
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  31.4% higher
  Housing (Homeowner)
  8.9% lower
  Housing (Rent)
  Median Home Cost
  Utilities
  34.5% higher
  Commute
  30.8% lower
  Health
  69.0% higher
  Taxes
  Childcare
  Personal
  9.4% higher

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