Cost of Living in Fairbanks, AK
Overall index: 86 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 73 | -27% | $1,029 |
| Transportation | 101 | +1% | $3.50 |
| Food | 97 | -3% | $398 |
| Utilities | 87 | -13% | $131 |
| Healthcare | 87 | -13% | $95 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Fairbanks?
A single adult living comfortably in Fairbanks, AK needs approximately $30,100 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Fairbanks, AK?
The overall cost of living in Fairbanks, AK is 14% lower than the US national average (index: 86 where 100 = national average).
How much is rent in Fairbanks, AK?
Average rent for a 1-bedroom apartment in Fairbanks, AK is about $1,029/month.
Is Fairbanks, AK expensive to live in?
No, Fairbanks, AK is affordable (below national average).
What salary do I need to live in Fairbanks, AK?
A single adult needs roughly $30,100/year to cover basic living costs in Fairbanks, AK.