Here's what it costs to live in Fairbanks, Alaska, based on the latest US government data. Renters pay a median of $1,470 per month, while the typical home is valued around $255,700. Households earn a median of $72,077 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$72,077
Annual · Census ACS
Median Gross Rent
$1,470
Per month · Census ACS
Median Home Value
$255,700
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,156
HUD Fair Market Rent
1BR Fair Market Rent
$1,277
HUD FMR
2BR Fair Market Rent
$1,676
HUD FMR
3BR Fair Market Rent
$2,331
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
None
No statewide sales tax
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
32,242
Latest estimate
Median Age
28.6 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Fairbanks?
The cost of living index for Fairbanks is not yet available in our database.
What is the median rent in Fairbanks?
The median gross rent in Fairbanks is $1,470 per month according to US Census ACS data.
What is the median household income in Fairbanks?
The median household income in Fairbanks is $72,077 per year.
What is the median home value in Fairbanks?
The median home value in Fairbanks is $255,700 based on the latest Census ACS survey.
How is the air quality in Fairbanks?
Air quality data for Fairbanks is not yet available.
What are the taxes like in Fairbanks?
Alaska has no state income tax on wages and no statewide sales tax (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology