Cost of living comparison
Fairbanks is 43.9% more expensive than Hong Kong.
- Restaurants
-
pay 2.3 times more in Fairbanks
- Groceries
-
pay 54.1% more in Fairbanks
- Transportation
-
pay 19.7% less in Fairbanks
- Housing
-
pay 92.6% more in Fairbanks
- Entertainment and Sports
-
pay 12.2% more in Fairbanks
- Clothing
-
pay 10.6% less in Fairbanks
The cost of restaurants, housing, groceries, and entertainment and sports in Fairbanks are more expensive than in Hong Kong. Expenses including transportation and clothing are lower in Fairbanks. Notably, restaurants and housing are significantly more expensive in Fairbanks.
If you lived in Fairbanks instead of Hong Kong, you would:
pay 2.3 times more for restaurants
|
Hong Kong
|
Fairbanks
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.72
HK$60.54
|
$25.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.33
HK$49.69
|
$14.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.35
HK$10.56
|
$2.83
|
|
| Bottle of water (11 fl. oz) |
$1.09
HK$8.56
|
$2.00
|
|
pay 54.1% more for groceries
|
Hong Kong
|
Fairbanks
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.40
HK$18.84
|
$5.26
|
|
| Local cheese (8 oz) |
$13.58
HK$106.54
|
$8.95
|
|
| Milk (1 gallon) |
$12.17
HK$95.48
|
$4.25
|
|
|
Eggs
1 dozen
|
$3.59
HK$28.19
|
$3.30
|
|
| Boneless chicken breast (1 lb) |
$4.30
HK$33.73
|
$7.67
|
|
| Apples (1 lb) |
$1.62
HK$12.69
|
$3.62
|
|
| Bananas (1 lb) |
$1.19
HK$9.31
|
$1.29
|
|
| Oranges (1 lb) |
$1.61
HK$12.62
|
$3.25
|
|
| Tomatoes (1 lb) |
$1.51
HK$11.84
|
$3.32
|
|
| Potatoes (1 lb) |
$1.16
HK$9.13
|
$1.87
|
|
| Onions (1 lb) |
$1.14
HK$8.97
|
$2.17
|
|
pay 19.7% less for transportation
|
Hong Kong
|
Fairbanks
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$11.42
HK$89.62
|
$3.97
|
|
| Monthly public transit pass |
$64.30
HK$504.50
|
$40.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,067.68
HK$267,283.07
|
?? | |
| Taxi trip in downtown area (5 miles) |
$14.53
HK$113.97
|
$20.90
|
|
pay 92.6% more for housing
|
Hong Kong
|
Fairbanks
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$21.69
HK$170.20
|
$115.00
|
|
| 1-Bedroom apartment in downtown area |
$2,183.24
HK$17,128.91
|
$1,650.00
|
|
| 1-Bedroom apartment outside city center |
$1,543.27
HK$12,107.95
|
$1,500.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$187.23
HK$1,468.98
|
$126.18
|
|
pay (unknown) more for childcare
|
Hong Kong
|
Fairbanks
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,002.59
HK$7,865.97
|
?? | |
| Middle school for 1 child, two semesters |
$21,790.97
HK$170,964.30
|
?? |
pay 12.2% more for entertainment and sports
|
Hong Kong
|
Fairbanks
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.72
HK$60.54
|
$8.00
|
|
| Cappuccino in mid-range area |
$5.30
HK$41.60
|
$6.50
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.12
HK$102.92
|
$11.19
|
|
| Monthly membership at local gym |
$85.27
HK$669.03
|
$100.00
|
|
| Movie ticket to theater/cinema |
$12.86
HK$100.90
|
$16.99
|
|
pay 10.6% less for clothing
|
Hong Kong
|
Fairbanks
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$72.66
HK$570.05
|
$60.00
|
|
|
Regular dress
from H&M or similar store
|
$40.59
HK$318.44
|
$40.00
|
|
|
Running shoes
Nike or Adidas
|
$92.45
HK$725.36
|
$85.00
|
|
| Men's business shoes (leather) |
$142.24
HK$1,115.95
|
$120.00
|
|
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