Is it cheaper to live in Cincinnati or Fairbanks?

Cincinnati, OH is cheaper. Its monthly baseline of $1,030 (1BR rent + utilities) runs about 24% below Fairbanks, AK's $1,350, mainly because of rent.

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

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $33,000 a year in Cincinnati versus $43,000 in Fairbanks.

Which has lower taxes, Cincinnati or Fairbanks?

Cincinnati is taxed under Ohio's rules (a top state income tax rate of 2.75% and a 5.75% state sales tax); Fairbanks under Alaska's (no state income tax and no state sales tax).

Cincinnati vs Fairbanks Cost of Living 2026

Cincinnati

Ohio

$1,030/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 $1,030 in Cincinnati, OH versus $1,350 in Fairbanks, AK. Overall, Cincinnati, OH is roughly 24% cheaper to live in day-to-day than Fairbanks, AK, driven mainly by rent.

Median household income is $51,707 in Cincinnati, OH and $72,077 in Fairbanks, AK — about 28% higher in Fairbanks, AK. Ohio has a top state income tax rate of 2.75% and a 5.75% state sales tax; Alaska has no state income tax and no state sales tax.

Cincinnati, OH

Fairbanks, AK

Rent

Studio

$791

$883

+12% in Fairbanks, AK

1 Bedroom

$817

$1,076

+32% in Fairbanks, AK

2 Bedroom

$1,023

$1,428

+40% in Fairbanks, AK

3 Bedroom

$1,228

$2,019

+64% in Fairbanks, AK

Buying a Home

Median Home Value

$215,300

$255,700

+19% in Fairbanks, AK

Income

Median Household Income

$51,707

$72,077

+39% in Fairbanks, AK

Metro Median Wage (annual)

$50,170

$61,810

+23% in Fairbanks, AK

People & Lifestyle

Median Age

33.0 yr

28.6 yr

+4.4 yr in Cincinnati, OH

Homeownership

38.9%

40.5%

+1.6 pp in Fairbanks, AK

Bachelor's+ (25+)

41.3%

26.5%

+14.8 pp in Cincinnati, OH

Avg Commute

23.1 min

14.1 min

+9.0 min in Cincinnati, OH

Crime (per 100k/yr)

Violent Crime

856.5

726.1

+15% in Cincinnati, OH

Property Crime

3,877.7

3,504.2

+10% in Cincinnati, OH

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

Climate

Avg Annual Temperature

54.3°F

27.7°F

+26.6°F in Cincinnati, OH

Annual Precipitation

41.9 in

10.8 in

+31.1 in in Cincinnati, OH

Gas

Regular Gasoline

$3.80/gal

$5.21/gal

+37% in Fairbanks, AK

Area: Ohio vs West Coast (PADD 5).

Utilities

Electricity (¢/kWh)

19.2

28.2

+47% in Fairbanks, AK

Natural Gas ($/MCF)

$22.83

$17.35

+24% in Cincinnati, OH

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

Groceries

Milk (gal)

$4.31

$4.82

+12% in Fairbanks, AK

Bread (lb)

$1.66

$2.04

+23% in Fairbanks, AK

Eggs (doz)

$3.63

$2.19

+40% in Cincinnati, OH

Ground Beef (lb)

$6.77

$7.36

+9% in Fairbanks, AK

Chicken (lb)

$2.10

$2.01

+4% in Cincinnati, OH

Bananas (lb)

$0.62

$0.70

+14% in Fairbanks, AK

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

State Taxes

Sales Tax (OH / AK)

5.75%

None

+5.8 pp in OH

Income Tax (top rate)

2.75%

None

+2.8 pp in OH

Cincinnati vs Fairbanks — FAQ

Is it cheaper to live in Cincinnati or Fairbanks?: Cincinnati, OH is cheaper. Its monthly baseline of $1,030 (1BR rent + utilities) runs about 24% below Fairbanks, AK's $1,350, mainly because of rent.
How much more do you need to earn to live in Cincinnati than in Fairbanks?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $33,000 a year in Cincinnati versus $43,000 in Fairbanks.
Which has lower taxes, Cincinnati or Fairbanks?: Cincinnati is taxed under Ohio's rules (a top state income tax rate of 2.75% and a 5.75% 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).