Living Cost Compare
Bangor

Maine

$1,210/mo est.

vs
Fairbanks

Alaska

$1,350/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,210 in Bangor, ME versus $1,350 in Fairbanks, AK. Overall, Bangor, ME is roughly 10% cheaper to live in day-to-day than Fairbanks, AK, driven mainly by rent.

Median household income is $58,096 in Bangor, ME and $72,077 in Fairbanks, AK — about 19% higher in Fairbanks, AK. Maine has a top state income tax rate of 7.15% and a 5.5% state sales tax; Alaska has no state income tax and no state sales tax.

Rent

Studio
$800
$883
+10% in Fairbanks, AK
1 Bedroom
$889
$1,076
+21% in Fairbanks, AK
2 Bedroom
$1,136
$1,428
+26% in Fairbanks, AK
3 Bedroom
$1,224
$2,019
+65% in Fairbanks, AK

Buying a Home

Median Home Value
$206,300
$255,700
+24% in Fairbanks, AK

Income

Median Household Income
$58,096
$72,077
+24% in Fairbanks, AK
Metro Median Wage (annual)
$47,960
$61,810
+29% in Fairbanks, AK

People & Lifestyle

Median Age
40.7 yr
28.6 yr
+12.1 yr in Bangor, ME
Homeownership
46.9%
40.5%
+6.4 pp in Bangor, ME
Bachelor's+ (25+)
36.3%
26.5%
+9.8 pp in Bangor, ME
Avg Commute
17.0 min
14.1 min
+2.9 min in Bangor, ME

Crime (per 100k/yr)

Violent Crime
161.4
726.1
+350% in Fairbanks, AK
Property Crime
4,259.8
3,504.2
+18% in Bangor, ME

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

Climate

Avg Annual Temperature
44.3°F
27.7°F
+16.6°F in Bangor, ME
Annual Precipitation
41.9 in
10.8 in
+31.1 in in Bangor, ME

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)
29.6
28.2
+5% in Bangor, ME
Natural Gas ($/MCF)
$31.62
$17.35
+45% in Bangor, ME

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

Groceries

Milk (gal)
$4.31
$4.82
+12% in Fairbanks, AK
Bread (lb)
$1.92
$2.04
+6% in Fairbanks, AK
Eggs (doz)
$2.19
$2.19
about equal
Ground Beef (lb)
$6.90
$7.36
+7% in Fairbanks, AK
Chicken (lb)
$2.19
$2.01
+8% in Bangor, ME
Bananas (lb)
$0.69
$0.70
about equal

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

State Taxes

Sales Tax (ME / AK)
5.5%
None
+5.5 pp in ME
Income Tax (top rate)
7.15%
None
+7.2 pp in ME

Bangor vs Fairbanks — FAQ

Is it cheaper to live in Bangor or Fairbanks?
Bangor, ME is cheaper. Its monthly baseline of $1,210 (1BR rent + utilities) runs about 10% below Fairbanks, AK's $1,350, mainly because of rent.
How much more do you need to earn to live in Bangor than in Fairbanks?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $36,000 a year in Bangor versus $43,000 in Fairbanks.
Which has lower taxes, Bangor or Fairbanks?
Bangor is taxed under Maine's rules (a top state income tax rate of 7.15% and a 5.5% 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).