Home / Main Relocate / Affordability Cost of Living Click here for larger image A typical "starter" home in Fairbanks Photo credit: Beth Deutsche 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. 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.