Housing costs in Fairbanks?
A typical home costs
$406,300, which is 20.2% more expensive than the national average of
$338,100 and 20.9% more expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Fairbanks costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 16.1% more than the state average of
$1,350.
Can I afford Fairbanks?
To live comfortably in Fairbanks (zip 99706), Alaska, a minimum annual income of
$77,760 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Fairbanks?
The cost of living in 99706 Fairbanks, AK is higher than the national average, with its average household spending being around 17% higher. This is mainly due to high housing costs and overall higher prices on goods and services. The median home value is around $240,900 which is much higher than the national median of $229,700. Other main expenses include groceries, transportation, healthcare, utilities, and taxes. All of these factors contribute to the overall higher cost of living in this area compared to other parts of the country.