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Affordability
Cost of Living
Fairbanks' cost of living is lower than most other Alaskan communities. From a national standpoint, it has a similar cost of living to Sacramento, California. To see a detailed breakdown of cost of living statistics please click here.
Food
In December 2002, the average family of four spent $101.52 for a weeks food (eaten at home). This is lower than the average cost in Anchorage and Juneau. The price of gas during that same time hovered between $1.50 and 1.60 per gallon.
Housing
Often, finding safe, comfortable, affordable housing, is critical for a successful transition to
a new community. Fairbanks offers just that. For those wishing to rent, a 1 – 2 bedroom apartment will average between $600.00 and $850.00 per month. This may or may not include utilities. If you’re renting with a family, a three-bedroom house averages approximately $1,400.00 per month. House rentals do not generally include utilities. For information on rentals in Fairbanks, click here
Buying a Home
If you are interested in buying a property, three-bedroom homes average approximately $165,000.00. Home prices vary greatly, however, based on home size, location, and lot size. For information on homes in Fairbanks, click here
The Fairbanks Chamber of Commerce can assist you with finding businesses that will help you find answers to any additional cost of living questions you may have. For a more comprehensive look at the cost of living in Fairbanks, visit the Fairbanks North Star Borough Community Research Center web site and read its Fairbanks Community Research Quarterly document.
Rate Fairbanks' affordablility against other great cities here.
Source: Fairbanks Community Research Quarterly, Fairbanks North Star Borough Community Research Center.
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Copyright
2004 - 05 ©, Come to Fairbanks, all rights reserved.
This site is brought
to you by:
Fairbanks North
Star Borough, Economic Development Division
PO Box 71267, Fairbanks,
Alaska 99707. Phone: 907-459-1300
The preparation
of this strategy was financed in part by funds received from
the State Department
of Community and Economic Development, Division of
Community and Business
Development and the Alaska Industrial Development
and Export Authority.
Questions, suggestions
and recommended links may be sent to:
info@cometofairbanks.com.
Acknowledgements
Web Site by Sundog Media.
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