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What it actually costs to live in Fairbanks North Star Borough, AK.

Living wage breakdown for Fairbanks North Star Borough, Alaska — by household size.

Living wage by household size

HouseholdHourlyAnnual
1 Adult$19.84$41,272
1 Adult, 1 Child$30.52$63,490
1 Adult, 2 Children$40.61$84,477
1 Adult, 3 Children$50.49$105,026
2 Adults (1 working)$26.27$54,643
2 Adults, 1 Child$37.16$77,302
2 Adults, 2 Children$46.90$97,559
2 Adults, 3 Children$56.43$117,372

Annual cost breakdown (1 Adult)

CategoryAnnual CostMonthly
Housing$13,621$1,135
Food$5,056$421
Medical$3,911$326
Transportation$5,848$487
Childcare$0$0
Civic & Other$2,389$199
Personal & Misc$3,018$252
Taxes$7,429$619
Total$41,272$3,439

Wage comparison

Living wage$19.84/hr
Minimum wage$11.73/hr
Poverty wage$7.52/hr

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Data calculated from HUD, BLS, USDA, and Census data (2025). Methodology based on MIT Living Wage Calculator research.