Cost of Living in Fairbanks, AK
Population: 32,242 • 2026 Data
$72,077
Median Household Income
-7% vs national
$1,470
Median Monthly Rent
+9% vs national
$255,700
Median Home Value
-25% vs national
4.2%
Unemployment Rate
Housing in Fairbanks
The median home value in Fairbanks, AK is $255,700. Monthly rent for a typical unit averages $1,470, while total monthly housing costs (including utilities and insurance) average $1,508.
Rent-to-income ratio: 24.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Fairbanks, AK is $72,077. The unemployment rate stands at 4.2%, with a labor force of 17,601 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.