Housing costs in Fairbanks?
A typical home costs
$185,100, which is 45.3% less expensive than the national average of
$338,100 and 23.1% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Fairbanks costs
$990 per month, which is 30.8% more than the national average of
$1,430 and 7.1% more than the state average of
$920.
Can I afford Fairbanks?
To live comfortably in Fairbanks, North Dakota, a minimum annual income of
$35,640 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Fairbanks?
The cost of living in Fairbanks, ND is relatively affordable. According to the Council for Community and Economic Research, the Cost of Living Index for Fairbanks is 91.2 compared to the U.S. average of 100. This means that basic goods and services are generally less expensive than in many other areas throughout the nation. Additionally, housing costs in Fairbanks are particularly low; median home values are about $139,800 which is far below the national average of $219,700. With an abundance of nearby outdoor activities and various cultural attractions as well as a low cost of living, Fairbanks can be a great place to live and work for those looking for an affordable lifestyle change.