Living Cost Compare
Fairbanks

Alaska

$1,350/mo est.

vs
Portland

Maine

$1,650/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,350 in Fairbanks, AK versus $1,650 in Portland, ME. Overall, Fairbanks, AK is roughly 18% cheaper to live in day-to-day than Portland, ME, driven mainly by rent.

Median household income is $72,077 in Fairbanks, AK and $76,174 in Portland, ME — about 5% higher in Portland, ME. Alaska has no state income tax and no state sales tax; Maine has a top state income tax rate of 7.15% and a 5.5% state sales tax.

Rent

Studio
$883
$1,038
+18% in Portland, ME
1 Bedroom
$1,076
$1,331
+24% in Portland, ME
2 Bedroom
$1,428
$1,664
+17% in Portland, ME
3 Bedroom
$2,019
$1,919
+5% in Fairbanks, AK

Buying a Home

Median Home Value
$255,700
$452,600
+77% in Portland, ME

Income

Median Household Income
$72,077
$76,174
+6% in Portland, ME
Metro Median Wage (annual)
$61,810
$56,960
+8% in Fairbanks, AK

People & Lifestyle

Median Age
28.6 yr
37.5 yr
+8.9 yr in Portland, ME
Homeownership
40.5%
46.7%
+6.2 pp in Portland, ME
Bachelor's+ (25+)
26.5%
59.2%
+32.7 pp in Portland, ME
Avg Commute
14.1 min
19.9 min
+5.8 min in Portland, ME

Crime (per 100k/yr)

Violent Crime
726.1
272.7
+62% in Fairbanks, AK
Property Crime
3,504.2
2,513.3
+28% 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
27.7°F
46.5°F
+18.8°F in Portland, ME
Annual Precipitation
10.8 in
47.3 in
+36.4 in in Portland, ME

Gas

Regular Gasoline
$5.21/gal
$3.94/gal
+24% in Fairbanks, AK

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

Utilities

Electricity (¢/kWh)
28.2
29.6
+5% in Portland, ME
Natural Gas ($/MCF)
$17.35
$31.62
+82% in Portland, ME

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

Groceries

Milk (gal)
$4.82
$4.31
+10% in Fairbanks, AK
Bread (lb)
$2.04
$1.92
+6% in Fairbanks, AK
Eggs (doz)
$2.19
$2.19
about equal
Ground Beef (lb)
$7.36
$6.90
+6% in Fairbanks, AK
Chicken (lb)
$2.01
$2.19
+9% in Portland, ME
Bananas (lb)
$0.70
$0.69
about equal

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

State Taxes

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

Fairbanks vs Portland — FAQ

Is it cheaper to live in Fairbanks or Portland?
Fairbanks, AK is cheaper. Its monthly baseline of $1,350 (1BR rent + utilities) runs about 18% below Portland, ME's $1,650, mainly because of rent.
How much more do you need to earn to live in Fairbanks than in Portland?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $43,000 a year in Fairbanks versus $53,000 in Portland.
Which has lower taxes, Fairbanks or Portland?
Fairbanks is taxed under Alaska's rules (no state income tax and no state sales tax); Portland under Maine's (a top state income tax rate of 7.15% and a 5.5% 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).