Cost of Living in Fairbanks North Star Borough, AK

What does it cost to live in Fairbanks North Star Borough? Income, housing, and affordability breakdown.

Median Income

$81,655

Median Rent

$1,360/mo

Median Home

$276,800

Affordability

382

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,400
Property Tax$288
Insurance$92

Total Monthly$1,780
% of Income26.2%

Renting

Median Rent$1,360
Renter's Insurance$25

Total Monthly$1,385
% of Income20%

Living in Fairbanks North Star Borough, Alaska

Fairbanks North Star Borough has a median household income of $81,655 with housing costs that represent 26.2% of income for owners and 20% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 382 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Alaska

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.