Living Cost Compare
Boise

Idaho

$1,280/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 $1,280 in Boise, ID versus $1,350 in Fairbanks, AK. Overall, Boise, ID is roughly 5% cheaper to live in day-to-day than Fairbanks, AK, driven mainly by electricity costs.

Median household income is $81,308 in Boise, ID and $72,077 in Fairbanks, AK — about 11% higher in Boise, ID. Idaho has a top state income tax rate of 5.30% and a 6% state sales tax; Alaska has no state income tax and no state sales tax.

Rent

Studio
$1,021
$883
+14% in Boise, ID
1 Bedroom
$1,133
$1,076
+5% in Boise, ID
2 Bedroom
$1,342
$1,428
+6% in Fairbanks, AK
3 Bedroom
$1,749
$2,019
+15% in Fairbanks, AK

Buying a Home

Median Home Value
$456,000
$255,700
+44% in Boise, ID

Income

Median Household Income
$81,308
$72,077
+11% in Boise, ID
Metro Median Wage (annual)
$49,100
$61,810
+26% in Fairbanks, AK

People & Lifestyle

Median Age
38.2 yr
28.6 yr
+9.6 yr in Boise, ID
Homeownership
63.0%
40.5%
+22.5 pp in Boise, ID
Bachelor's+ (25+)
46.6%
26.5%
+20.1 pp in Boise, ID
Avg Commute
19.1 min
14.1 min
+5.0 min in Boise, ID

Crime (per 100k/yr)

Violent Crime
301
726.1
+141% in Fairbanks, AK
Property Crime
1,135.1
3,504.2
+209% in Fairbanks, AK

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

Climate

Avg Annual Temperature
52.5°F
27.7°F
+24.8°F in Boise, ID
Annual Precipitation
11.7 in
10.8 in
+0.9 in in Boise, ID

Gas

Regular Gasoline
$4.27/gal
$5.21/gal
+22% in Fairbanks, AK

Area: Rocky Mountain (PADD 4) vs West Coast (PADD 5).

Utilities

Electricity (¢/kWh)
14.4
28.2
+96% in Fairbanks, AK
Natural Gas ($/MCF)
$11.33
$17.35
+53% in Fairbanks, AK

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

Groceries

Milk (gal)
$4.82
$4.82
about equal
Bread (lb)
$2.04
$2.04
about equal
Eggs (doz)
$2.19
$2.19
about equal
Ground Beef (lb)
$7.36
$7.36
about equal
Chicken (lb)
$2.01
$2.01
about equal
Bananas (lb)
$0.70
$0.70
about equal

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

State Taxes

Sales Tax (ID / AK)
6%
None
+6.0 pp in ID
Income Tax (top rate)
5.30%
None
+5.3 pp in ID

Boise vs Fairbanks — FAQ

Is it cheaper to live in Boise or Fairbanks?
Boise, ID is cheaper. Its monthly baseline of $1,280 (1BR rent + utilities) runs about 5% below Fairbanks, AK's $1,350, mainly because of electricity costs.
How much more do you need to earn to live in Boise than in Fairbanks?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $45,000 a year in Boise versus $43,000 in Fairbanks.
Which has lower taxes, Boise or Fairbanks?
Boise is taxed under Idaho's rules (a top state income tax rate of 5.30% and a 6% 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).