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Is Fairbanks, Alaska cheap to live in?

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Despite these extremes, Fairbanks ranks as one of the most Popular Cities in Alaska. It might be a popular place to live, but is it affordable? The cost of living in Fairbanks is 36 percent higher than the national average, partly due to the high cost of utilities. read more

That being said, there are folks who manage to live fairly cheaply in Fairbanks. As of now there is no state income tax in Alaska (though this may change soon), nor sales tax in Fairbanks (except on alcohol sales). read more

The city of Kotzebue is the 2nd worst place you can live in the state of Alaska in 2015. It’s unlucky for Kotzebue, which has the 3rd highest unemployment rate (13.8%), the 19th lowest household incomes ($85,278) and the 7th lowest home prices in the state ($194,900). read more

Because of its centralized location, the spot is considered the gateway city to Alaska’s rugged interior and Arctic Circle areas. People who live in Fairbanks get the amenities of urban life but still retain some of the pioneer sprit. As for housing, the median home price is $238,400 while residents have a median household income of $72,168. read more

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