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Cost & Benefits

Cost of living in Fairbanks, Alaska

Fairbanks, Alaska has about 32,083 people. Typical rent is $1,496 a month, including utilities, and a typical household earns $73,534 a year. Both figures are Census 2020–2024 medians, not a listing or your pay. This site does not approve or deny benefits. A missing figure stays blank. We do not guess it.

Ranked #24 in Alaska on the 2026 Most Affordable Towns Index.

Simple answer

Typical rent is $1,496 a month.

Fairbanks is a city in Alaska. That rent number includes utilities. A typical household earns $73,534 a year.

Is Fairbanks affordable?See benefits in Fairbanks
People
32,083
Census average, 2020–2024
Typical rent
$1,496
Median gross rent, includes utilities
Typical pay
$73,534
Median household income, yearly
Typical home
$268,400
Median home value
2-bedroom fair rent
$1,553
Fairbanks-College, AK MSA

Fairbanks, Alaska has about 32,083 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $268,400.

HUD's fair-market rent for a 2-bedroom in Fairbanks North Star Borough is $1,553 a month. That is the county number, not an apartment listing in Fairbanks. It runs from October 2026 through September 2027.

In the Fairbanks-College, AK metro area, prices sit at 103.2 when the U.S. average is 100. That is a 2024 BEA index.

Alaska does not tax wages. A typical combined sales tax is 1.8% as of January 1, 2026. That mix is statewide, not Fairbanks's exact store tax.

In July 2026, a typical Alaska home paid 28.83¢ per kilowatt-hour. That is a state average from EIA, not Fairbanks's bill.

EIA did not publish a 2025 all-grades gas price for Alaska in the table we use.

Among 63 places we list in Alaska with a rent figure, 14 have higher typical rent than Fairbanks.

Nearby places

EBT nearby

USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.

Find SNAP stores near FairbanksWhat EBT can buy in Alaska

Locator page updated 2026-09-11. Last checked 2026-10-16.

Food stamps (SNAP) tools in Alaska

Bigger places in Alaska

Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.