Knik-Fairview, AK

Above Avg · 110

Alaska · Population 18,921 · Updated March 2026

$1,615
Median Rent / Month
$95,000
Median Income
$311,800
Median Home Value
$1,710
Owner Costs / Month

Affordability

How far your income goes in Knik-Fairview

20.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Alaska

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
0%
Sales Tax
1.04%
Property Tax Rate

Estimated Annual Costs

$19,380
Annual Rent
$0
State Income Tax
$3,243
Property Tax (est.)

Cost of Living Overview

Knik-Fairview is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 110 (where 100 equals the national median), Knik-Fairview residents can expect to pay median rent of $1,615/month while earning a median household income of $95,000/year.

The median home value in Knik-Fairview, AK is $311,800, with typical monthly owner costs around $1,710 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Alaska has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 0% sales tax rate and 1.04% effective property tax rate, the overall tax environment helps keep costs manageable in Knik-Fairview.

Frequently Asked Questions

Common questions about living costs in Knik-Fairview

What is the cost of living in Knik-Fairview, AK?
The cost of living index in Knik-Fairview, AK is 110 (US average = 100). Median monthly rent is $1,615, median household income is $95,000/year, and the median home value is $311,800.
Is Knik-Fairview, AK affordable?
No, Knik-Fairview is more expensive than the national average with a cost index of 110. The rent-to-income ratio is 20.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Knik-Fairview, AK?
The median gross rent in Knik-Fairview, AK is $1,615 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,380.
What is the median household income in Knik-Fairview?
The median household income in Knik-Fairview, AK is $95,000 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Alaska?
Alaska has a top income tax rate of 0%, a sales tax of 0%, and an effective property tax rate of 1.04%. Notably, there is no state income tax.