What is the cost of living in Fairbanks Alaska?

Is Fairbanks Alaska expensive?

On average, the cost of living in Fairbanks is about 33% higher than the national average. That being said, it’s only four percentage points more expensive than living in Chicago and it’s still 78% cheaper than living in New York City.

How much is a gallon of milk in Fairbanks Alaska?

Food prices

Markets Edit
Milk (regular), (1 gallon) 4.42$
Loaf of Fresh White Bread (1 lb) 2.87$
Rice (white), (1 lb) 3.37$
Eggs (regular) (12) 3.23$

Is it cheaper to live in Fairbanks or Anchorage?

The cost of living in Anchorage, AK is 9.8% higher than in Fairbanks, AK. … Employers in Anchorage, AK typically pay 0.4% more than employeers in Fairbanks, AK.

Is Fairbanks Alaska 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.

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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.

How much is minimum wage in Alaska?

What is the minimum wage in Alaska? Alaska is one of 29 states with a minimum wage above the federal minimum wage of $7.25. The minimum wage in Alaska was $10.19 throughout 2020 and will increase to $10.34 on January 1, 2021.

Are groceries expensive in Fairbanks?

Fairbanks has grocery prices that are 23% higher than the national average. Healthcare in Fairbanks is 52% higher than the national average.

How much money do you need to live in Alaska?

Typical Expenses

1 ADULT 2 ADULTS (BOTH WORKING)
0 Children 3 Children
Required annual income after taxes $26,962 $88,193
Annual taxes $4,371 $14,297
Required annual income before taxes $31,333 $102,491

Can you just move to Alaska?

While it’s a common misconception that you can move there for free, you can get paid to live in Alaska. The Alaska Permanent Fund Dividend (PFD) takes the state’s oil wealth and shares an annual portion with all permanent residents (both children and adults).

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.

Do you get paid to live in Fairbanks Alaska?

Alaska pays each of its residents up to $2,000 every year, and there are barely any conditions. America’s largest and most sparsely populated state pays every permanent citizen a share of the state’s oil wealth as part of the Permanent Fund Dividend Division, part of the Alaska Department of Revenue.

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Why should I move to Fairbanks Alaska?

Known as the “Golden Heart City,” Fairbanks Alaska boasts diverse culture, rich history, a thriving population and economy, and plenty to explore! In the summer, go adventure in the land of the midnight sun. In the winter, take in breathtaking views of the aurora dancing in the night sky.

Can I get free land in Alaska?

Is There Still Free Land in Alaska? No, Alaska is not giving away free land anymore.