Fairbanks, AK vs Phoenix, AZ
Cost of Living Comparison
Fairbanks, AK is more affordable by 0.1 index points
Side-by-Side Comparison
| Category | Fairbanks, AK | Phoenix, AZ | Difference |
|---|---|---|---|
| Overall | 103.2 | 103.3 | -0.1 |
| Housing | 92.6 | 121.2 | -28.7 |
| Goods | 107.3 | 95.0 | +12.3 |
| Utilities | 119.8 | 93.3 | +26.4 |
| Other Services | 103.3 | 104.0 | -0.7 |
Income & Housing Comparison
| Metric | Fairbanks, AK | Phoenix, AZ |
|---|---|---|
| Median Household Income | $81,655 | $79,935 |
| Median Home Value | $276,800 | $360,600 |
| Median Monthly Rent | $1,360 | $1,432 |
| Per Capita Income | $42,744 | $40,787 |
Frequently Asked Questions
Is Fairbanks, AK or Phoenix, AZ cheaper to live in?
Fairbanks, AK is more affordable. The cost of living difference is 0.1 index points (Fairbanks, AK: 103.2, Phoenix, AZ: 103.3).
Where is housing cheaper, Fairbanks, AK or Phoenix, AZ?
Housing is more affordable in Fairbanks, AK. Housing index: Fairbanks, AK (92.6) vs Phoenix, AZ (121.2).