Cost of Living in Knik-Fairview, AK
Population 18,921 · Alaska · Data vintage 2023
(100 = US avg)
Knik-Fairview's economy is tied closely to the extraction industries that dominate much of Alaska. Median household incomes of $95,000 run at or above national figures despite the small population — a direct signal of the wage premium that mining, oil, and gas employers pay. Home values of $312,000 keep the overall cost equation favorable.
Located 25 miles northwest of Anchorage, Knik-Fairview falls within that metro's commuting orbit. Median home values run roughly 17% lower than Anchorage's $376,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Knik-Fairview
The median home value in Knik-Fairview is $311,800 — 2% above the national median of $305,000. Median rent runs $1,615/month, 23% higher than the national median of $1,314/month. The median household income of $95,000/year is 27% higher than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. Alaska charges no state income tax, a meaningful advantage for take-home pay. Overall, Knik-Fairview has a cost of living index of 111 versus the US average of 100, meaning it is 11% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Knik-Fairview, AK?
Knik-Fairview has a cost index of 111 (100 = national average). It is 11% above the national average.
What is average rent in Knik-Fairview, AK?
The median gross rent in Knik-Fairview is $1,615 per month based on 2023 Census data.
What is the average home price in Knik-Fairview?
The median home value in Knik-Fairview is $311,800 according to 2023 Census ACS data.
What is the median income in Knik-Fairview?
The median household income in Knik-Fairview is $95,000 per year (2023 ACS 5-year estimates).
What is the sales tax in Knik-Fairview, AK?
The combined state and local sales tax rate in Knik-Fairview is 1.8%. Alaska has no state income tax.
Is Knik-Fairview, AK affordable?
Knik-Fairview is above average in cost of living, with an index of 111 — about 11% higher than the national average.
Knik-Fairview at a Glance
- Population
- 18,921
- Median Income
- $95,000
- Home Value
- $311,800
- Median Rent
- $1,615/mo
- Unemployment
- 4.5%
- Sales Tax
- 1.8%
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Alaska Rankings
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