Cost of Living: Fairbanks, AK vs Anchorage municipality, AK
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Fairbanks, AK versus $4,516/mo in Anchorage municipality, AK. In the model, rent is about 21.43% of gross in Fairbanks, AK versus 21.17% in Anchorage municipality, AK, so Anchorage municipality, AK tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Fairbanks, AK and Anchorage municipality, AK.
At a glance
- Cheaper overall (lower cost-of-living index): Anchorage municipality, AK
- Lower rent (median 1BR/2BR): Anchorage municipality, AK
- Lower home prices: Fairbanks, AK
- Higher median household income: Anchorage municipality, AK
Cost of Living Index
Fairbanks, AK: 100 (U.S. = 100) · Anchorage municipality, AK: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Fairbanks, AK: $1,397/mo (midpoint of 1BR/2BR) · Anchorage municipality, AK: $1,381/mo
Median rent in Fairbanks, AK is $16/mo higher than in Anchorage municipality, AK.
Median Home Price
Fairbanks, AK: $255,700 · Anchorage municipality, AK: $375,900
Median home price in Anchorage municipality, AK is $120,200 higher than in Fairbanks, AK.
Median Household Income
Fairbanks, AK: $72,077 · Anchorage municipality, AK: $98,152
Anchorage municipality, AK has a higher median household income than Fairbanks, AK by $26,075.
Fairbanks, AK overview · Anchorage municipality, AK overview · Popular comparisons