Fairbanks, AK vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 11.0 index points
Side-by-Side Comparison
| Category | Fairbanks, AK | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 103.2 | 92.2 | +11.0 |
| Housing | 92.6 | 79.8 | +12.8 |
| Goods | 107.3 | 96.2 | +11.1 |
| Utilities | 119.8 | 74.1 | +45.7 |
| Other Services | 103.3 | 95.4 | +8.0 |
Income & Housing Comparison
| Metric | Fairbanks, AK | Memphis, TN |
|---|---|---|
| Median Household Income | $81,655 | $62,178 |
| Median Home Value | $276,800 | $207,500 |
| Median Monthly Rent | $1,360 | $1,091 |
| Per Capita Income | $42,744 | $35,194 |
Frequently Asked Questions
Is Fairbanks, AK or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 11.0 index points (Fairbanks, AK: 103.2, Memphis, TN: 92.2).
Where is housing cheaper, Fairbanks, AK or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Fairbanks, AK (92.6) vs Memphis, TN (79.8).