Retirement Planning in Fairbanks North Star Borough, AK
What does it take to retire comfortably in Fairbanks North Star Borough? Here are the numbers.
Median Income
$81,655
Retirement Income (80%)
$65,324
Est. Nest Egg Needed
$918,625
Cost of Living Index
126
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Fairbanks North Star Borough, Alaska
Fairbanks North Star Borough in Alaska has a median household income of $81,655 and a homeownership rate of 60.0%. Using the 4% rule, retirees in this county would need approximately $918,625 in savings to cover the gap between Social Security and their target retirement income.
These are estimates based on county-level medians. Your actual retirement needs depend on your specific income, expenses, healthcare costs, Social Security benefits, and investment portfolio. Use our calculator for a personalized Monte Carlo analysis.
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