Cost of living comparison
compared to
Fairbanks vs. London Cost of Living Summary
Fairbanks is 5.6% cheaper than London.
- Restaurants
-
pay 6.1% more in Fairbanks
- Groceries
-
pay 86.0% more in Fairbanks
- Transportation
-
pay 54.9% less in Fairbanks
- Housing
-
pay 8.2% more in Fairbanks
- Childcare
-
pay 51.6% less in Fairbanks
- Entertainment and Sports
-
pay 1.0% less in Fairbanks
- Clothing
-
pay 32.3% less in Fairbanks
The cost of groceries, housing, and restaurants in Fairbanks are more expensive than in London. Expenses including transportation, childcare, clothing, and entertainment and sports are lower in Fairbanks. Notably, groceries is significantly more expensive in Fairbanks.
Fairbanks vs. London Cost Breakdown
If you lived in Fairbanks instead of London, you would:
pay 6.1% more for restaurants
|
London
|
Fairbanks
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.73
£20.18
|
$25.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.02
£8.33
|
$15.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.12
£2.36
|
$2.83
|
|
| Bottle of water (11 fl. oz) |
$1.93
£1.45
|
$2.00
|
|
London vs. Fairbanks - Cost of restaurants
pay 86.0% more for groceries
|
London
|
Fairbanks
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.16
£1.63
|
$5.26
|
|
| Local cheese (8 oz) |
$5.54
£4.18
|
$8.95
|
|
| Milk (1 gallon) |
$6.58
£4.97
|
$4.39
|
|
|
Eggs
1 dozen
|
$5.02
£3.79
|
$4.33
|
|
| Boneless chicken breast (1 lb) |
$3.95
£2.98
|
$7.67
|
|
| Apples (1 lb) |
$1.53
£1.15
|
$3.62
|
|
| Bananas (1 lb) |
$0.83
£0.63
|
$1.29
|
|
| Oranges (1 lb) |
$1.44
£1.09
|
$3.00
|
|
| Tomatoes (1 lb) |
$1.64
£1.24
|
$3.32
|
|
| Potatoes (1 lb) |
$0.76
£0.57
|
$1.75
|
|
| Onions (1 lb) |
$0.83
£0.63
|
$2.17
|
|
London vs. Fairbanks - Cost of groceries
pay 54.9% less for transportation
|
London
|
Fairbanks
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.12
£5.38
|
$3.76
|
|
| Monthly public transit pass |
$240.54
£181.65
|
$40.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$37,798.76
£28,544.87
|
?? | |
| Taxi trip in downtown area (5 miles) |
$31.75
£23.98
|
$20.90
|
|
London vs. Fairbanks - Cost of transportation
pay 8.2% more for housing
|
London
|
Fairbanks
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$42.83
£32.34
|
$115.00
|
|
| 1-Bedroom apartment in downtown area |
$3,083.09
£2,328.29
|
$1,533.33
|
|
| 1-Bedroom apartment outside city center |
$2,340.14
£1,767.22
|
$1,500.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$255.85
£193.21
|
$128.78
|
|
London vs. Fairbanks - Cost of housing
pay 51.6% less for childcare
|
London
|
Fairbanks
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,480.84
£1,873.48
|
$1,200.00
|
|
| Middle school for 1 child, two semesters |
$28,512.27
£21,531.90
|
?? | |
London vs. Fairbanks - Cost of childcare
pay 1.0% less for entertainment and sports
|
London
|
Fairbanks
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.69
£6.56
|
$8.00
|
|
| Cappuccino in mid-range area |
$5.21
£3.93
|
$5.99
|
|
|
Pack of cigarettes
Marlboro or similar
|
$22.72
£17.16
|
$11.19
|
|
| Monthly membership at local gym |
$64.95
£49.05
|
$100.00
|
|
| Movie ticket to theater/cinema |
$20.05
£15.14
|
$16.99
|
|
London vs. Fairbanks - Cost of entertainment and sports
pay 32.3% less for clothing
|
London
|
Fairbanks
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$116.11
£87.68
|
$60.00
|
|
|
Regular dress
from H&M or similar store
|
$52.02
£39.29
|
$40.00
|
|
|
Running shoes
Nike or Adidas
|
$125.96
£95.13
|
$85.00
|
|
| Men's business shoes (leather) |
$160.88
£121.49
|
$120.00
|
|
London vs. Fairbanks - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
Change currency:
Compare countries by overall cost of living
See the
cost of living in United Kingdom vs. United States.
This provides a comparison of the average cost of living from cities within United Kingdom and United States.
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Fairbanks or London. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.