Fairbanks-College, AK vs Matanuska-Susitna Borough, AK
A 2-bedroom in Matanuska-Susitna Borough costs $300 less per month than Fairbanks-College ($1,376 vs $1,676). Median income is $84,722 in Fairbanks-College and $90,625 in Matanuska-Susitna Borough. That's a difference of $3,600 per year in housing costs.
Side-by-Side Comparison
| Metric | Fairbanks-College | Matanuska-Susitna Borough |
|---|---|---|
| Studio FMR | $1,156 | $1,015 |
| 1BR FMR | $1,277 | $1,049 |
| 2BR FMR | $1,676 | $1,376 |
| 3BR FMR | $2,331 | $1,914 |
| 4BR FMR | $2,812 | $2,308 |
| Median Income | $84,722 | $90,625 |
| Rent Burden | 23.7% | 18.2% |
| Actual Median Rent | $1,424 | $1,258 |
| Median Home Value | $282,500 | $319,200 |
| Population | 96K | 111K |
| Renter % | 38.3% | 23.4% |
| Vacancy Rate | 15.3% | 22.1% |
| Poverty Rate | 6.2% | 10.3% |
| Unemployment | - | 5.2% |
| YoY Change | - | +7.5% |
| Min Wage | $11.73/hr | $11.73/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Matanuska-Susitna Borough, AK is more affordable with a 2BR FMR of $1,376/mo, which is $300 less than Fairbanks-College at $1,676/mo. However, when considering local incomes, Fairbanks-College has a rent burden of 23.7% vs 18.2% in Matanuska-Susitna Borough.
A 2-bedroom in Fairbanks-College, AK costs $1,676/mo at Fair Market Rent, while in Matanuska-Susitna Borough, AK it's $1,376/mo, a difference of $300/mo or $3,600/year.
To afford a 2BR without spending more than 30% of income on rent: Fairbanks-College requires $67,040/year ($32/hr). Matanuska-Susitna Borough requires $55,040/year ($26/hr).