Is it cheaper to live in Augusta or Fairbanks?

Augusta, GA is cheaper. Its monthly baseline of $1,130 (1BR rent + utilities) runs about 16% below Fairbanks, AK's $1,350, mainly because of rent.

How much more do you need to earn to live in Augusta than in Fairbanks?

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $37,000 a year in Augusta versus $43,000 in Fairbanks.

Which has lower taxes, Augusta or Fairbanks?

Augusta is taxed under Georgia's rules (a top state income tax rate of 5.19% and a 4% state sales tax); Fairbanks under Alaska's (no state income tax and no state sales tax).

Augusta vs Fairbanks Cost of Living 2026

Augusta

Georgia

$1,130/mo est.

Fairbanks

Alaska

$1,350/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,130 in Augusta, GA versus $1,350 in Fairbanks, AK. Overall, Augusta, GA is roughly 16% cheaper to live in day-to-day than Fairbanks, AK, driven mainly by rent.

Median household income is $53,134 in Augusta, GA and $72,077 in Fairbanks, AK — about 26% higher in Fairbanks, AK. Georgia has a top state income tax rate of 5.19% and a 4% state sales tax; Alaska has no state income tax and no state sales tax.

Augusta, GA

Fairbanks, AK

Rent

Studio

$784

$883

+13% in Fairbanks, AK

1 Bedroom

$916

$1,076

+17% in Fairbanks, AK

2 Bedroom

$1,035

$1,428

+38% in Fairbanks, AK

3 Bedroom

$1,230

$2,019

+64% in Fairbanks, AK

Buying a Home

Median Home Value

$162,900

$255,700

+57% in Fairbanks, AK

Income

Median Household Income

$53,134

$72,077

+36% in Fairbanks, AK

Metro Median Wage (annual)

$45,990

$61,810

+34% in Fairbanks, AK

People & Lifestyle

Median Age

34.9 yr

28.6 yr

+6.3 yr in Augusta, GA

Homeownership

50.9%

40.5%

+10.4 pp in Augusta, GA

Bachelor's+ (25+)

24.2%

26.5%

+2.3 pp in Fairbanks, AK

Avg Commute

20.6 min

14.1 min

+6.5 min in Augusta, GA

Crime (per 100k/yr)

Violent Crime

546.7

726.1

+33% in Fairbanks, AK

Property Crime

3,652

3,504.2

+4% in Augusta, GA

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature

65.2°F

27.7°F

+37.5°F in Augusta, GA

Annual Precipitation

46.5 in

10.8 in

+35.7 in in Augusta, GA

Gas

Regular Gasoline

$3.94/gal

$5.21/gal

+32% in Fairbanks, AK

Area: East Coast (PADD 1) vs West Coast (PADD 5).

Utilities

Electricity (¢/kWh)

16.4

28.2

+72% in Fairbanks, AK

Natural Gas ($/MCF)

$38.60

$17.35

+55% in Augusta, GA

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)

$4.00

$4.82

+20% in Fairbanks, AK

Bread (lb)

$1.75

$2.04

+17% in Fairbanks, AK

Eggs (doz)

$2.21

$2.19

+1% in Augusta, GA

Ground Beef (lb)

$6.45

$7.36

+14% in Fairbanks, AK

Chicken (lb)

$1.90

$2.01

+6% in Fairbanks, AK

Bananas (lb)

$0.62

$0.70

+14% in Fairbanks, AK

Average prices — South vs West (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (GA / AK)

None

+4.0 pp in GA

Income Tax (top rate)

5.19%

None

+5.2 pp in GA

Augusta vs Fairbanks — FAQ

Is it cheaper to live in Augusta or Fairbanks?: Augusta, GA is cheaper. Its monthly baseline of $1,130 (1BR rent + utilities) runs about 16% below Fairbanks, AK's $1,350, mainly because of rent.
How much more do you need to earn to live in Augusta than in Fairbanks?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $37,000 a year in Augusta versus $43,000 in Fairbanks.
Which has lower taxes, Augusta or Fairbanks?: Augusta is taxed under Georgia's rules (a top state income tax rate of 5.19% and a 4% state sales tax); Fairbanks under Alaska's (no state income tax and no state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).