Fairbanks, AK vs Grants Pass, OR: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Grants Pass, OR is 5.3% less expensive than Fairbanks, AK (BEA, 2024).
- To keep the same standard of living, $75,000 in Fairbanks works out to about $71,000 in Grants Pass, before taxes.
- Most of the difference is everyday costs rather than housing: goods are 1.9% lower and other services 2.9% lower in Grants Pass, while housing is 13.7% lower.
- Typical asking rent is $1,595 a month in Grants Pass and $1,839 in Fairbanks, $2,928 a year less in Grants Pass (Zillow, September 2026).
- A typical home is valued at about $388,000 in Grants Pass and $314,000 in Fairbanks.
- The gap has widened since 2019, when Grants Pass was 2.8% less expensive than Fairbanks.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Everyday costs, not housing, drive the gap between Fairbanks and Grants Pass
Price level by category, 2024. US average = 100.
- Fairbanks, AK
- Grants Pass, OR
All items Fairbanks, AK: 103.2 Grants Pass, OR: 97.8
Goods Fairbanks, AK: 107.3 Grants Pass, OR: 105.3
Housing (rents) Fairbanks, AK: 92.6 Grants Pass, OR: 79.9
Utilities Fairbanks, AK: 119.8 Grants Pass, OR: 103.6
Other services Fairbanks, AK: 103.3 Grants Pass, OR: 100.3
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fairbanks, AK | Grants Pass, OR | |
|---|---|---|
| All items | 103.2 | 97.8 |
| Goods | 107.3 | 105.3 |
| Housing (rents) | 92.6 | 79.9 |
| Utilities | 119.8 | 103.6 |
| Other services | 103.3 | 100.3 |
| Category | Fairbanks | Grants Pass | Grants Pass vs Fairbanks |
|---|---|---|---|
| All items | 103.2 | 97.8 | −5.3% |
| Goods | 107.3 | 105.3 | −1.9% |
| Housing (rents) | 92.6 | 79.9 | −13.7% |
| Utilities | 119.8 | 103.6 | −13.5% |
| Other services | 103.3 | 100.3 | −2.9% |
| Typical asking rent | $1,839 | $1,595 | −13.3% |
| Typical home value | $314,000 | $388,000 | +23.6% |
| Salary to match $75,000 in Fairbanks | $75,000 | $71,000 | −5.3% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Fairbanks and Grants Pass has narrowed since 2008: 8.5 points then, 5.4 now
Overall price level each year, 2008–2024. US average = 100.
- Fairbanks, AK
- Grants Pass, OR
US average = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fairbanks, AK | Grants Pass, OR | |
|---|---|---|
| 2008 | 104.7 | 96.2 |
| 2009 | 102.7 | 94.7 |
| 2010 | 102.2 | 93.9 |
| 2011 | 102.7 | 94.4 |
| 2012 | 97.9 | 96.1 |
| 2013 | 97.7 | 95.3 |
| 2014 | 101.3 | 94.6 |
| 2015 | 100.6 | 96.3 |
| 2016 | 100.4 | 96.2 |
| 2017 | 103.8 | 96.0 |
| 2018 | 104.6 | 99.9 |
| 2019 | 103.1 | 100.2 |
| 2020 | 99.4 | 95.0 |
| 2021 | 104.6 | 98.8 |
| 2022 | 98.7 | 102.8 |
| 2023 | 101.2 | 100.7 |
| 2024 | 103.2 | 97.8 |
Goods
- Fairbanks, AK
- Grants Pass, OR
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fairbanks, AK | Grants Pass, OR | |
|---|---|---|
| 2008 | 103.3 | 102.3 |
| 2009 | 100.8 | 100.4 |
| 2010 | 99.7 | 99.3 |
| 2011 | 99.2 | 98.3 |
| 2012 | 96.2 | 96.8 |
| 2013 | 95.1 | 95.9 |
| 2014 | 96.6 | 97.7 |
| 2015 | 102.8 | 103.4 |
| 2016 | 104.2 | 104.4 |
| 2017 | 103.7 | 101.2 |
| 2018 | 103.3 | 104.6 |
| 2019 | 98.9 | 104.5 |
| 2020 | 99.7 | 104.6 |
| 2021 | 109.1 | 106.5 |
| 2022 | 104.2 | 109.1 |
| 2023 | 104.5 | 104.8 |
| 2024 | 107.3 | 105.3 |
Housing (rents)
- Fairbanks, AK
- Grants Pass, OR
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fairbanks, AK | Grants Pass, OR | |
|---|---|---|
| 2008 | 120.5 | 79.6 |
| 2009 | 118.6 | 81.0 |
| 2010 | 122.7 | 79.7 |
| 2011 | 120.8 | 78.9 |
| 2012 | 103.3 | 93.5 |
| 2013 | 93.5 | 86.8 |
| 2014 | 118.2 | 80.7 |
| 2015 | 96.7 | 81.9 |
| 2016 | 98.4 | 85.8 |
| 2017 | 112.7 | 82.4 |
| 2018 | 102.1 | 85.5 |
| 2019 | 100.8 | 91.9 |
| 2020 | 75.9 | 71.3 |
| 2021 | 96.7 | 86.6 |
| 2022 | 79.6 | 90.4 |
| 2023 | 79.7 | 87.3 |
| 2024 | 92.6 | 79.9 |
Utilities
- Fairbanks, AK
- Grants Pass, OR
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fairbanks, AK | Grants Pass, OR | |
|---|---|---|
| 2008 | 97.9 | 72.2 |
| 2009 | 100.5 | 75.9 |
| 2010 | 111.2 | 81.0 |
| 2011 | 117.7 | 86.2 |
| 2012 | 116.1 | 85.3 |
| 2013 | 115.7 | 84.4 |
| 2014 | 120.6 | 86.1 |
| 2015 | 122.6 | 87.0 |
| 2016 | 130.7 | 90.1 |
| 2017 | 132.0 | 86.7 |
| 2018 | 137.0 | 89.5 |
| 2019 | 138.4 | 92.0 |
| 2020 | 129.7 | 93.1 |
| 2021 | 119.0 | 93.1 |
| 2022 | 115.0 | 88.5 |
| 2023 | 120.6 | 88.1 |
| 2024 | 119.8 | 103.6 |
Other services
- Fairbanks, AK
- Grants Pass, OR
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fairbanks, AK | Grants Pass, OR | |
|---|---|---|
| 2008 | 102.5 | 102.2 |
| 2009 | 100.4 | 99.7 |
| 2010 | 98.6 | 97.9 |
| 2011 | 99.7 | 99.4 |
| 2012 | 96.9 | 97.6 |
| 2013 | 99.8 | 99.7 |
| 2014 | 99.8 | 99.1 |
| 2015 | 99.8 | 99.0 |
| 2016 | 98.2 | 96.0 |
| 2017 | 101.2 | 99.7 |
| 2018 | 105.0 | 103.4 |
| 2019 | 105.0 | 101.8 |
| 2020 | 105.6 | 100.4 |
| 2021 | 103.9 | 99.1 |
| 2022 | 100.8 | 104.5 |
| 2023 | 104.9 | 104.2 |
| 2024 | 103.3 | 100.3 |
Rent and home values
Typical asking rent: $1,595 in Grants Pass vs $1,839 in Fairbanks
Typical asking rent for a new lease, dollars per month. Quarterly.
- Fairbanks, AK
- Grants Pass, OR
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Fairbanks, AK | Grants Pass, OR | United States | |
|---|---|---|---|
| Mar 2015 | – | – | $1,145 |
| Jun 2015 | – | – | $1,170 |
| Sep 2015 | – | – | $1,181 |
| Dec 2015 | – | – | $1,182 |
| Mar 2016 | – | – | $1,195 |
| Jun 2016 | – | – | $1,219 |
| Sep 2016 | – | – | $1,225 |
| Dec 2016 | – | – | $1,222 |
| Mar 2017 | – | – | $1,245 |
| Jun 2017 | – | – | $1,270 |
| Sep 2017 | – | – | $1,276 |
| Dec 2017 | – | – | $1,275 |
| Mar 2018 | – | – | $1,296 |
| Jun 2018 | – | – | $1,320 |
| Sep 2018 | – | – | $1,327 |
| Dec 2018 | – | – | $1,329 |
| Mar 2019 | – | – | $1,349 |
| Jun 2019 | – | – | $1,376 |
| Sep 2019 | – | – | $1,383 |
| Dec 2019 | – | – | $1,381 |
| Mar 2020 | – | – | $1,402 |
| Jun 2020 | – | – | $1,406 |
| Sep 2020 | – | – | $1,410 |
| Dec 2020 | – | – | $1,407 |
| Mar 2021 | – | – | $1,443 |
| Jun 2021 | $1,449 | – | $1,512 |
| Sep 2021 | $1,474 | – | $1,590 |
| Dec 2021 | $1,482 | – | $1,622 |
| Mar 2022 | $1,494 | – | $1,661 |
| Jun 2022 | $1,599 | – | $1,721 |
| Sep 2022 | $1,590 | – | $1,748 |
| Dec 2022 | $1,563 | $1,437 | $1,735 |
| Mar 2023 | $1,649 | $1,417 | $1,757 |
| Jun 2023 | $1,640 | $1,419 | $1,785 |
| Sep 2023 | $1,652 | $1,477 | $1,797 |
| Dec 2023 | $1,639 | $1,468 | $1,786 |
| Mar 2024 | $1,668 | $1,485 | $1,807 |
| Jun 2024 | $1,698 | $1,535 | $1,837 |
| Sep 2024 | $1,724 | $1,526 | $1,845 |
| Dec 2024 | $1,699 | $1,463 | $1,836 |
| Mar 2025 | $1,736 | $1,559 | $1,860 |
| Jun 2025 | $1,763 | $1,624 | $1,880 |
| Sep 2025 | $1,756 | $1,541 | $1,881 |
| Dec 2025 | $1,752 | $1,582 | $1,873 |
| Mar 2026 | $1,782 | $1,577 | $1,894 |
| Jun 2026 | $1,859 | $1,624 | $1,921 |
| Sep 2026 | $1,839 | $1,595 | $1,932 |
Typical home value: $388,000 in Grants Pass vs $314,000 in Fairbanks
Typical home value, dollars. Quarterly.
- Fairbanks, AK
- Grants Pass, OR
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Fairbanks, AK | Grants Pass, OR | United States | |
|---|---|---|---|
| Mar 2015 | $224K | $206K | $189K |
| Jun 2015 | $227K | $209K | $192K |
| Sep 2015 | $230K | $215K | $195K |
| Dec 2015 | $231K | $220K | $199K |
| Mar 2016 | $234K | $225K | $202K |
| Jun 2016 | $236K | $230K | $204K |
| Sep 2016 | $238K | $235K | $206K |
| Dec 2016 | $241K | $242K | $209K |
| Mar 2017 | $242K | $249K | $213K |
| Jun 2017 | $243K | $255K | $216K |
| Sep 2017 | $249K | $261K | $219K |
| Dec 2017 | $254K | $267K | $223K |
| Mar 2018 | $255K | $274K | $227K |
| Jun 2018 | $255K | $281K | $230K |
| Sep 2018 | $255K | $284K | $234K |
| Dec 2018 | $255K | $285K | $236K |
| Mar 2019 | $262K | $286K | $239K |
| Jun 2019 | $269K | $286K | $242K |
| Sep 2019 | $273K | $287K | $244K |
| Dec 2019 | $277K | $292K | $247K |
| Mar 2020 | $277K | $300K | $252K |
| Jun 2020 | $278K | $302K | $255K |
| Sep 2020 | $283K | $309K | $260K |
| Dec 2020 | $285K | $326K | $271K |
| Mar 2021 | $283K | $347K | $282K |
| Jun 2021 | $285K | $366K | $296K |
| Sep 2021 | $292K | $379K | $306K |
| Dec 2021 | $298K | $386K | $314K |
| Mar 2022 | $299K | $396K | $330K |
| Jun 2022 | $305K | $406K | $346K |
| Sep 2022 | $307K | $398K | $348K |
| Dec 2022 | $303K | $391K | $345K |
| Mar 2023 | $299K | $387K | $343K |
| Jun 2023 | $300K | $387K | $347K |
| Sep 2023 | $301K | $388K | $352K |
| Dec 2023 | $297K | $387K | $354K |
| Mar 2024 | $302K | $387K | $357K |
| Jun 2024 | $307K | $391K | $361K |
| Sep 2024 | $305K | $392K | $361K |
| Dec 2024 | $305K | $391K | $363K |
| Mar 2025 | $306K | $389K | $364K |
| Jun 2025 | $303K | $389K | $362K |
| Sep 2025 | $298K | $389K | $362K |
| Dec 2025 | $300K | $387K | $364K |
| Mar 2026 | $307K | $388K | $366K |
| Jun 2026 | $313K | $389K | $365K |
| Sep 2026 | $314K | $388K | $366K |
More about each city
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.