Cost of living in Fairbanks

In Fairbanks, United States, a single person typically needs around $2638 per month including rent. A family of four may spend about $5565 monthly.

How expensive is Fairbanks compared to other cities?

Fairbanks is 85% more expensive overall versus the European benchmark.

How does Fairbanks compare to your city?

Fairbanks is 27% cheaper than New York City, without rent.

Rent in Fairbanks is, on average, 39% lower than in New York City.

What drives the cost of living in Fairbanks?

Who is Fairbanks a good fit for?

Fairbanks is most realistic when moving with a strong job offer or relocation package. Without high income, the housing-driven price level can be difficult to sustain.

FAQ

Why is Fairbanks so expensive?

The primary reason for the high cost of living in Fairbanks is the significant expense associated with rent and utilities.

Is food expensive in Fairbanks?

Yes, food costs in Fairbanks are 66% higher than the European benchmark.

Is public transport affordable in Fairbanks?

Public transport is relatively affordable, being 28% lower than the European benchmark.

Cost of living breakdown

Cost of Living, one person, including rent
2638 $
Without Rent
1049 $
Rent & Utilities
1589 $
Food
791 $
Transport
54 $
Monthly Salary, after tax
5411 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
32.5K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 25 $
Dinner 88.2 $
Fast food, McDonalds or KFC 13.9 $
Beer, 0.5 L or 16 fl oz 8.01 $
Capuccino 6.52 $
Coke, 330ml 2.81 $

Compare Fairbanks with:

Markets

Milk, 1 L or 1 qt 1.12 $
Bread, 0.5 kg or 1 lb 5.28 $
Rice, 1 kg or 2 lb 5.26 $
Eggs, 12 pack 3.27 $
Cheese, 1 kg or 2 lb 17.7 $
Chicken Breast, 1 kg or 2 lb 16.9 $
Round Steak, 1 kg or 2 lb 20.8 $
Apples, 1 kg or 2 lb 7.98 $
Banana, 1 kg or 2 lb 2.84 $
Oranges, 1 kg or 2 lb 7.16 $
Tomato, 1 kg or 2 lb 6.56 $
Potato, 1 kg or 2.2 lb 4.13 $
Onion, 1 kg or 2.2 lb 3.05 $
Water, 1 L or 1 qt 1.34 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 3.16 $
Wine, 750 mL bottle 14.9 $
Beer, 0.5 L or 16 fl oz 1.73 $
Cigarette pack 11.3 $

Transportation

One-way Ticket 1.51 $
Monthly Pass 40.2 $
Gas or Petrol, 1l or 0.26 gal 1.05 $
Taxi, 8 km 20.8 $

Personal Care

Doctor Visit, private clinic 167 $
Cold medicine, for 1 week 9.24 $
Hair Shampoo, 400 ml or 12 oz. 4.82 $
Toilet paper, 4 rolls 4.34 $
Toothpaste, 1 tube 2.37 $

Utilities per Month

1 person, electricity, heating, water & garbage 101 $
Family of 4, electricity, heating, water & garbage 156 $
Internet plan, +60 Mbps 114 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,347 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,995 $
1 Bedroom Apartment, in city center, 40 sq.m 1,483 $
3 Bedroom Apartment, in city center, 85 sq.m 2,286 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 1,902 $
Price per Square Meter to Buy House, in suburbs 1,888 $

Salaries and Financing

Average Monthly Net Salary, after tax 5,411 $
Mortgage Interest Rate, for 20 years fixed-rate 6.57%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 99.4 $
Cinema, 1 seat 17 $
Haircut 22.9 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 84.3 $
Brand Jeans, Levis 501 60.5 $

Childcare

Preschool, full day, monthly for 1 child 1,024 $
International Primary School, yearly for 1 child 12,019 $

Compare Fairbanks with other top cities

Cayman Islands
Fairbanks vs George Town (George Town is 38% more expensive)
Bahamas
Fairbanks vs Nassau (Nassau is 4% more expensive) Fairbanks vs Freeport (Freeport is 17% less expensive)
Vanuatu
Fairbanks vs Port Vila (Port Vila is 11% less expensive) Fairbanks vs Luganville (Luganville is 16% more expensive)
United States
Fairbanks vs New York City (New York City is 54% more expensive) Fairbanks vs Los Angeles (Los Angeles is 21% more expensive) Fairbanks vs Chicago (Chicago is 1% more expensive) Fairbanks vs Houston (Houston is 15% less expensive) Fairbanks vs Phoenix (Phoenix is 10% less expensive) Fairbanks vs Philadelphia (Philadelphia is 4% less expensive) Fairbanks vs San Antonio (San Antonio is 17% less expensive) Fairbanks vs San Diego (San Diego is 27% more expensive) Fairbanks vs Dallas (Dallas is 3% less expensive) Fairbanks vs San Jose (San Jose is 39% more expensive)
Canada
Fairbanks vs Toronto (Toronto is 2% less expensive) Fairbanks vs Montreal (Montreal is 26% less expensive) Fairbanks vs Calgary (Calgary is 19% less expensive) Fairbanks vs Ottawa (Ottawa is 15% less expensive) Fairbanks vs Edmonton (Edmonton is 32% less expensive) Fairbanks vs Winnipeg (Winnipeg is 34% less expensive) Fairbanks vs Mississauga (Mississauga is 6% less expensive) Fairbanks vs Vancouver (Vancouver is 0% more expensive) Fairbanks vs Brampton (Brampton is 19% less expensive) Fairbanks vs Hamilton (Hamilton is 18% less expensive)
Barbados
Fairbanks vs Bridgetown (Bridgetown is 48% less expensive) Fairbanks vs Holetown (Holetown is 47% less expensive)
Panama
Fairbanks vs Panama City (Panama City is 48% less expensive) Fairbanks vs Colon (Colon is 55% less expensive) Fairbanks vs Tocumen (Tocumen is 53% less expensive) Fairbanks vs Santiago de Veraguas (Santiago de Veraguas is 60% less expensive) Fairbanks vs David (David is 68% less expensive) Fairbanks vs La Chorrera (La Chorrera is 64% less expensive) Fairbanks vs Balboa (Balboa is 53% less expensive) Fairbanks vs Pacora (Pacora is 53% less expensive) Fairbanks vs Chitre (Chitre is 59% less expensive) Fairbanks vs Penonome (Penonome is 58% less expensive)
Saint Kitts And Nevis
Fairbanks vs Basseterre (Basseterre is 53% less expensive) Fairbanks vs Cayon (Cayon is 53% less expensive)
Cuba
Fairbanks vs Havana (Havana is 61% less expensive) Fairbanks vs Santiago de Cuba (Santiago de Cuba is 46% less expensive) Fairbanks vs Holguin (Holguin is 51% less expensive) Fairbanks vs Camaguey (Camaguey is 42% less expensive) Fairbanks vs Santa Clara (Santa Clara is 60% less expensive) Fairbanks vs Bayamo (Bayamo is 56% less expensive) Fairbanks vs Guantanamo (Guantanamo is 41% less expensive) Fairbanks vs Las Tunas (Las Tunas is 41% less expensive) Fairbanks vs Pinar del Rio (Pinar del Rio is 58% less expensive) Fairbanks vs Cienfuegos (Cienfuegos is 67% less expensive)
Costa Rica
Fairbanks vs San Jose (San Jose is 53% less expensive) Fairbanks vs Limon (Limon is 54% less expensive) Fairbanks vs Liberia (Liberia is 66% less expensive) Fairbanks vs Alajuela (Alajuela is 53% less expensive) Fairbanks vs Puntarenas (Puntarenas is 52% less expensive) Fairbanks vs Cartago (Cartago is 64% less expensive) Fairbanks vs Heredia (Heredia is 53% less expensive) Fairbanks vs Tamarindo (Tamarindo is 36% less expensive) Fairbanks vs Santa Teresa (Santa Teresa is 50% less expensive)
Saint Lucia
Fairbanks vs Castries (Castries is 56% less expensive) Fairbanks vs Vieux Fort (Vieux Fort is 55% less expensive)
Jamaica
Fairbanks vs Kingston (Kingston is 50% less expensive) Fairbanks vs Spanish Town (Spanish Town is 70% less expensive) Fairbanks vs Montego Bay (Montego Bay is 61% less expensive) Fairbanks vs Half Way Tree (Half Way Tree is 56% less expensive) Fairbanks vs May Pen (May Pen is 69% less expensive) Fairbanks vs Mandeville (Mandeville is 63% less expensive) Fairbanks vs Old Harbour (Old Harbour is 68% less expensive) Fairbanks vs Linstead (Linstead is 60% less expensive) Fairbanks vs Savanna-la-Mar (Savanna-la-Mar is 57% less expensive) Fairbanks vs Port Antonio (Port Antonio is 57% less expensive)
El Salvador
Fairbanks vs San Salvador (San Salvador is 55% less expensive) Fairbanks vs Santa Ana (Santa Ana is 73% less expensive) Fairbanks vs Soyapango (Soyapango is 56% less expensive) Fairbanks vs San Miguel (San Miguel is 59% less expensive) Fairbanks vs Mejicanos (Mejicanos is 56% less expensive) Fairbanks vs Apopa (Apopa is 57% less expensive) Fairbanks vs Santa Tecla (Santa Tecla is 54% less expensive) Fairbanks vs Ahuachapan (Ahuachapan is 45% less expensive) Fairbanks vs Usulutan (Usulutan is 59% less expensive) Fairbanks vs Sonsonate (Sonsonate is 67% less expensive)
Antigua And Barbuda
Fairbanks vs St. John's (St. John's is 59% less expensive) Fairbanks vs All Saints (All Saints is 59% less expensive)
Grenada
Fairbanks vs St. George's (St. George's is 60% less expensive) Fairbanks vs Grenville (Grenville is 60% less expensive)
Dominica
Fairbanks vs Roseau (Roseau is 62% less expensive) Fairbanks vs Portsmouth (Portsmouth is 57% less expensive)
Saint Vincent
Fairbanks vs Kingstown (Kingstown is 63% less expensive) Fairbanks vs Georgetown (Georgetown is 62% less expensive)
Belize
Fairbanks vs Belize City (Belize City is 67% less expensive) Fairbanks vs San Ignacio (San Ignacio is 59% less expensive) Fairbanks vs Belmopan (Belmopan is 72% less expensive) Fairbanks vs San Pedro Town (San Pedro Town is 49% less expensive) Fairbanks vs Caye Caulker (Caye Caulker is 40% less expensive)
Guatemala
Fairbanks vs Guatemala City (Guatemala City is 62% less expensive) Fairbanks vs Mixco (Mixco is 76% less expensive) Fairbanks vs Coban (Coban is 65% less expensive) Fairbanks vs Quetzaltenango (Quetzaltenango is 71% less expensive) Fairbanks vs Jalapa (Jalapa is 66% less expensive) Fairbanks vs San Miguel Petapa (San Miguel Petapa is 66% less expensive) Fairbanks vs Momostenango (Momostenango is 67% less expensive) Fairbanks vs Mazatenango (Mazatenango is 67% less expensive) Fairbanks vs Flores (Flores is 67% less expensive) Fairbanks vs Panajachel (Panajachel is 70% less expensive)
Honduras
Fairbanks vs Tegucigalpa (Tegucigalpa is 69% less expensive) Fairbanks vs San Pedro Sula (San Pedro Sula is 61% less expensive) Fairbanks vs Choloma (Choloma is 77% less expensive) Fairbanks vs La Ceiba (La Ceiba is 75% less expensive) Fairbanks vs El Progreso (El Progreso is 67% less expensive) Fairbanks vs Villanueva (Villanueva is 67% less expensive) Fairbanks vs Comayagua (Comayagua is 73% less expensive) Fairbanks vs Puerto Cortes (Puerto Cortes is 73% less expensive) Fairbanks vs Yoro (Yoro is 72% less expensive) Fairbanks vs La Lima (La Lima is 67% less expensive)
Dominican Republic
Fairbanks vs Santiago de los Caballeros (Santiago de los Caballeros is 70% less expensive) Fairbanks vs Santo Domingo (Santo Domingo is 60% less expensive) Fairbanks vs Puerto Plata (Puerto Plata is 71% less expensive) Fairbanks vs Higuey (Higuey is 71% less expensive) Fairbanks vs La Vega (La Vega is 78% less expensive) Fairbanks vs San Cristobal (San Cristobal is 68% less expensive) Fairbanks vs San Pedro de Macoris (San Pedro de Macoris is 72% less expensive) Fairbanks vs San Francisco de Macoris (San Francisco de Macoris is 80% less expensive) Fairbanks vs San Juan de la Maguana (San Juan de la Maguana is 76% less expensive) Fairbanks vs Bonao (Bonao is 79% less expensive)
Nicaragua
Fairbanks vs Managua (Managua is 71% less expensive) Fairbanks vs Leon (Leon is 76% less expensive) Fairbanks vs Masaya (Masaya is 73% less expensive) Fairbanks vs Matagalpa (Matagalpa is 79% less expensive) Fairbanks vs Chinandega (Chinandega is 76% less expensive) Fairbanks vs Esteli (Esteli is 78% less expensive) Fairbanks vs Granada (Granada is 74% less expensive) Fairbanks vs Jinotega (Jinotega is 83% less expensive) Fairbanks vs Juigalpa (Juigalpa is 75% less expensive) Fairbanks vs San Juan del Sur (San Juan del Sur is 66% less expensive)