Whether you're considering relocation to Fairbanks, Alaska or just curious about the cost of living in Fairbanks, Alaska, the PayScale Cost of Living Calculator is the place to begin your research. When looking at the cost of living charts below, be sure to pay attention to the housing expense category. Housing costs and mortgage rates can vary by city because local banks can have different mortgage rates from their national competition. If you are serious about relocation to Fairbanks, Alaska, you might want to investigate local mortgage rate options before you put your house up for sale.
Cost of Living in Alaska - Fairbanks
Fairbanks, the "Gold Heart" of Alaska, is located in central Alaska and known from the Gold Rush days as a great place to find gold. Not only is Fairbanks known for gold, it is also known for its extreme temperature swings as well. Temperatures range from negative 50 to 90 degrees Fahrenheit, making Fairbanks seem like two different places in summer and winter. Despite these extremes, Fairbanks ranks as one of the most Popular Cities in Alaska
. It might be a popular place to live, but is it affordable? The cost of living in Fairbanks is 36 percent higher than the national average, partly due to the high cost of utilities. The cost of housing is also relatively high at 54 percent above the national average. The cost of living in Alaska is high in comparison to the national average, but, if you're thinking about relocating, it may be most helpful to see how the cost of living there compares to your current location. Using PayScale’s Cost of Living Calculator
, you can get a cost of living comparison between your city and cities in Alaska.
Salaries in Fairbanks, Alaska
According to PayScale's chart showing median Salaries in Alaska by City
, Fairbanks has the second highest salaries in the state after Anchorage. Measuring Salaries in Fairbanks by Job Title
shows relatively high median salaries for construction project managers, physician assistants, and hotel general managers. In addition to the construction and health care fields, high salaries can also be earned in gold mining, as shown on the chart comparing Salaries in Fairbanks by Industry
. If you're considering a move to this area, take a look at the Job Listings for Fairbanks
to see what positions are currently available.
Alaska Cost of Living Comparison
Cost of Living in Alaska: Anchorage
Cost of Living in Alaska: Juneau
Cost of Living in Alaska: Kodiak