Housing costs in Fairbanks?
A typical home costs
$313,600, which is 7.2% less expensive than the national average of
$338,100 and 6.7% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Fairbanks costs
$2,130 per month, which is 57.8% more than the national average of
$1,350 and 30.0% more than the state average of
$1,490.
Can I afford Fairbanks?
To live comfortably in Fairbanks (zip 99703), Alaska, a minimum annual income of
$60,120 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Fairbanks?
The cost of living in 99703 Fairbanks, AK is slightly higher than the United States average, but still significantly lower than other cities of comparable size. The median housing price in this area is $246,100, which is fairly expensive compared to states like Kansas or Texas. However, when looking at cost of living overall, Fairbanks is actually cheaper than many of its nearby cities. Groceries and healthcare are especially affordable here. With its close proximity to some of Alaska's most scenic natural wonders and outdoor activities, living in Fairbanks can be a rewarding experience despite the higher costs.