Fairbanks, AK vs Klamath Falls, OR: Cost of Living

Which city costs less?

Klamath Falls, OR has a modeled overall cost index 5.8% lower than Fairbanks, AK.

Fairbanks, AK · modeled 2BR rent: $1,510 / month
Klamath Falls, OR · modeled 2BR rent: $1,310 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

Adjust your income and compare the budget ↓

Tap to swap

Cost of Living Comparison 2026

Compare Fairbanks, AK and Klamath Falls, OR using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Fairbanks, AK

Numbers update automatically as you type

Estimated savings: $320/month in Klamath Falls, OR

$150,000 in your current city has a modeled equivalent of $146,166 in Klamath Falls, OR

Regional cost estimates: Fairbanks, AK uses Anchorage, AK. Klamath Falls, OR uses Reno, NV. Available city ZIP rent estimates are shown separately.

Overall Cost

↓ 5.8%

Less expensive

Monthly Impact

$320

Savings

Annual Impact

$3.8K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Fairbanks, AK

Population:32K

Cost Index:

93.6

100 = national average

Typical Home:$297K

Klamath Falls, OR

Population:22K

Cost Index:

88.1

100 = national average

Typical Home:$318K

Planning the move to Klamath Falls?

Organize packing, address changes, and moving-day tasks with a free checklist. Your progress saves in this browser. No account needed.

Plan my move with the free checklist

Fairbanks, AK

The Last Frontier

32K

Population

State Tax

No Income Tax

Located in Alaska, this city has a population of 32K residents.

💡 Advantage: Alaska has no state income tax!

Klamath Falls, OR

The Beaver State

22K

Population

State Tax

Yes

Located in Oregon, this city has a population of 22K residents.

Cost Breakdown by Category

Estimated monthly spending: Fairbanks, AK vs Klamath Falls, OR

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Fairbanks, AK	Klamath Falls, OR	Difference	Change
All Utilities	$746/mo	$480/mo	↓ $266less	35.7%
Groceries	$1,202/mo	$981/mo	↓ $221less	18.4%
Healthcare	$807/mo	$597/mo	↓ $210less	26.0%
Transportation	$1,133/mo	$1,316/mo	↑ $184more	16.2%
Housing	$2,159/mo	$2,294/mo	↑ $135more	6.2%
Other	$1,454/mo	$1,513/mo	↑ $59.49more	4.1%

All Utilities

↓ 35.7%

Fairbanks, AK

$746

Klamath Falls, OR

$480

Difference

$266

less

Groceries

↓ 18.4%

Fairbanks, AK

$1,202

Klamath Falls, OR

$981

Difference

$221

less

Healthcare

↓ 26.0%

Fairbanks, AK

$807

Klamath Falls, OR

$597

Difference

$210

less

Transportation

↑ 16.2%

Fairbanks, AK

$1,133

Klamath Falls, OR

$1,316

Difference

$184

Housing

↑ 6.2%

Fairbanks, AK

$2,159

Klamath Falls, OR

$2,294

Difference

$135

Other

↑ 4.1%

Fairbanks, AK

$1,454

Klamath Falls, OR

$1,513

Difference

$59.49

🏠Rent Comparison

Studio

From$1,040

To$900

↓ $140

1 Bed

From$1,150

To$1,010

↓ $140

2 Bed

From$1,510

To$1,310

↓ $200

3 Bed

From$2,110

To$1,820

↓ $290

Fairbanks, AKZIP-level data

1BR range: $1,150–$1,200/mo

Klamath Falls, ORZIP-level data

1BR range: $1,010–$1,010/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Fairbanks, AK

$7,180

Monthly in Klamath Falls, OR

$320

Difference

Home Values

Fairbanks

Klamath Falls

$297K

Median Value

$318K

↓ -2.3%

YoY Change

↑ +3.2%

↑ +4.3%

5-Year Change

↑ +39.7%

$296K - $298K

Price Range

$318K

Homes in Klamath Falls are 7% more expensive than Fairbanks

Calculate payment - Fairbanks Calculate payment - Klamath Falls

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $15.5K

More taxes

Monthly Difference

$1,293

Less take-home

Effective Rate Diff

10.3%

Rate difference

Fairbanks, AK

Federal Income Tax

Effective: 18.9%

$25.5K

Alaska State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Klamath Falls, OR

Federal Income Tax

Effective: 18.9%

$25.5K

Oregon State Tax

Effective: 10.3%

$15.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 35.0%

$52.5K

Take-Home Pay

$8,123/month

$97.5K

Additional Tax Information

Fairbanks, AK Tax Rates

Sales Tax:1.8%

Property Tax:0.9%

Klamath Falls, OR Tax Rates

Sales Tax:0.0%

Property Tax:0.9%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Fairbanks

Klamath Falls

24 Good

Air Quality

50 Good

81.1%

Good Air Days

51.4%

97 High

Climate Risk

97 High

🫨

Top Hazards

🔥🌊🫨

N/A

2050 Outlook

▲+2.9°F

Heat Days >95°F

46 days

N/A

2050 Outlook

▲+2.9°F

Heat Days >95°F

46 days

Before moving from Fairbanks, AK to Klamath Falls, OR

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Klamath Falls, OR for the same bedroom count and included utilities as your home in Fairbanks, AK. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Fairbanks to Klamath Falls moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Klamath Falls, OR by cost, housing, population and region.

Frequently Asked Questions: Fairbanks, AK vs Klamath Falls, OR

How do the cost estimates for Fairbanks, AK and Klamath Falls, OR compare?

Klamath Falls, OR has a modeled overall cost index 5.8% lower than Fairbanks, AK. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Fairbanks, AK, the model estimates $146,166 in Klamath Falls, OR. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Fairbanks, AK and Klamath Falls, OR?

The modeled two-bedroom rents are $1,510/month in Fairbanks, AK and $1,310/month in Klamath Falls, OR. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Alaska and Oregon on TaxTakeHome.com