Is Fairbanks expensive to live in?

How much money do you need to live in Fairbanks Alaska?

Fairbanks cost of living is 108.6

COST OF LIVING Fairbanks Alaska
Housing 106.7 134.3
Median Home Cost $241,900 $293,400
Utilities 134.1 169.8
Transportation 75.1 98.2

How much money do you need to live comfortably in Alaska?

Generally, it’s essential to take home at least three times the cost of your monthly rent to live comfortably. As the median rent cost of a one-bedroom apartment in Anchorage is $1,055, the average resident would need to take home $3,165 before taxes to live comfortably in Alaska. That translates to $37,980 yearly.

Is it cheaper to live in Anchorage or Fairbanks?

Cost of Living

Overall, Fairbanks is the cheaper option and is about 12% cheaper than Anchorage. Expect to pay about 26% less in housing and about 28% less in transportation. … Food is 8.7% more affordable in Anchorage than in Fairbanks, and utilities are about 24% less.

Is it expensive to live in Fairbanks?

Fairbanks’s housing expenses are 22% higher than the national average and the utility prices are 118% higher than the national average. Transportation expenses like bus fares and gas prices are 22% higher than the national average. Fairbanks has grocery prices that are 23% higher than the national average.

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Is Fairbanks a good place to live?

Despite city-living Alaska-style, Fairbanks feels rural and is a great gateway to very remote places. The community as a whole is very welcoming, friendly, and generous. Extracurricular activities for kids and adults abound.

What is the most common job in Alaska?

5 Popular Alaska Jobs

  • Zoologists and wildlife biologists.
  • Geological and petroleum technician.
  • Airline pilots, copilots, and flight engineers.
  • Material moving workers.
  • Commercial pilots.

Does Alaska pay you to live there?

Look no further than the state of Alaska, which pays its residents over $1,000 every year just for living there. Permanent residents who opt into the state’s Permanent Fund Dividend Division can receive yearly checks of up to $1,100 a year, according to its website.