Chicago, IL vs Fairbanks, AK
Cost of Living Comparison
Fairbanks, AK is more affordable by 0.4 index points
Side-by-Side Comparison
| Category | Chicago, IL | Fairbanks, AK | Difference |
|---|---|---|---|
| Overall | 103.6 | 103.2 | +0.4 |
| Housing | 112.0 | 92.6 | +19.4 |
| Goods | 107.3 | 107.3 | -0.1 |
| Utilities | 83.6 | 119.8 | -36.2 |
| Other Services | 100.5 | 103.3 | -2.8 |
Income & Housing Comparison
| Metric | Chicago, IL | Fairbanks, AK |
|---|---|---|
| Median Household Income | $85,087 | $81,655 |
| Median Home Value | $288,400 | $276,800 |
| Median Monthly Rent | $1,310 | $1,360 |
| Per Capita Income | $45,977 | $42,744 |
Frequently Asked Questions
Is Chicago, IL or Fairbanks, AK cheaper to live in?
Fairbanks, AK is more affordable. The cost of living difference is 0.4 index points (Chicago, IL: 103.6, Fairbanks, AK: 103.2).
Where is housing cheaper, Chicago, IL or Fairbanks, AK?
Housing is more affordable in Fairbanks, AK. Housing index: Chicago, IL (112.0) vs Fairbanks, AK (92.6).