Knik-Fairview cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index124130100
Goods & Services index123119100
Groceries index126135100
Health care index144148100
Housing index133135100
Transportation index112124100
Utilities index104141100
The above illustration supplies generalized information for the Knik-Fairview, AK cost of living index. Compared to other cities in Alaska and cities across the country, the cost of living index in Knik-Fairview, AK is 124, which is 4% lower than the Alaska average and 24% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Knik-Fairview, AK are 3% higher than the average for Alaska and 23% higher than the rest of the country.

Did you know?

  • The cost of living in Knik-Fairview is 4% lower than the Alaska average.
  • The cost of living in Knik-Fairview is 24% higher than the national average.
  • The cost of housing in Knik-Fairview is 33% higher than the national average.
  • Alaska general sales tax is 100% lower than the national average.
  • Alaska state income tax is 100% lower than the national average.

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Compare Knik-Fairview, AK Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Knik-Fairview, AK would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Knik-Fairview, AK, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Knik-Fairview, AK salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Knik-Fairview, AK, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Knik-Fairview, AK has a median income of about $91,962 for people who own homes. Based on that number, a person should spend a maximum of $2,146 on expenses related to housing. Renters have a slightly different median income, which is $59,375. Based on this average, renters should spend no more than $1,385 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Alaska Sales Tax

StateGeneral Sales TaxWith Max Surtax

Alaska Income Tax

StateIncome Tax (Low)Income Tax (High)
The Alaska sales tax and Alaska income tax rates should definitely be considered when determining the overall cost of living in Knik-Fairview, AK. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Alaska sales tax is 0% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Alaska income tax rates range from 0% to 0%.

Goods & Services

ItemKnik-FairviewNational avg.Difference
Haircut $21.34$16.0932.7%
Beauty Salon $47.65$37.3327.6%
Toothpaste $3.45$2.4541.1%
Shampoo $1.27$1.0026.6%
Movie $11.91$10.2815.8%
Bowling $4.97$4.930.8%


ItemKnik-FairviewNational avg.Difference
Ground Beef $4.98$3.8031.0%
Fried Chicken $1.59$1.4014.1%
Milk $2.27$2.0113.2%
Potatoes $4.26$3.0141.6%
Pizza $13.66$9.8938.2%
Beer $10.62$8.9019.4%

Health Care

ItemKnik-FairviewNational avg.Difference
Optometrist $204.56$102.16100.2%
Doctor $179.94$108.3666.1%
Dentist $137.60$92.5348.7%
Ibuprofen $9.73$9.284.9%
Lipitor $436.72$425.822.6%


ItemKnik-FairviewNational avg.Difference
Home Price $230,500.00$184,700.0024.8%
Avg. Mortgage Payment $1,911.47$1,202.4459.0%
Apartment Rent $1,441.00$949.0051.8%


ItemKnik-FairviewNational avg.Difference
Gasoline $2.67$2.2418.8%
Tire Balancing $46.21$46.290.2%


ItemKnik-FairviewNational avg.Difference
All Electricity$220.87$165.9633.1%
Phone $19.99$28.6830.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Point MacKenzie, AK6001055%
Houston, AK2,02811313%
Big Lake, AK3,55211616%
Meadow Lakes, AK7,69411919%
Wasilla, AK8,97212020%
Knik-Fairview, AK17,03812424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Neabsco, VA17,03813535%
Pecan Grove, TX17,0371011%
Durant, OK17,04282-18%
St. Michael, MN17,04511313%
Rosedale, CA17,05013131%
Knik-Fairview, AK17,03812424%
Source: The Knik-Fairview, AK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.