Fairbanks North Star County · Alaska · West · 32k residents
Fairbanks, AK: economy, jobs & business costs
The site-selection read on Fairbanks: labor costs, talent, corporate tax, energy, and business activity, with the Alaska median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,389/wk. Alaska's corporate income tax rate is 9.4%. Commercial electricity averages 21.6¢/kWh.
Compare Fairbanks side by side
Avg. weekly wage
$1,389/wk
Corporate income tax
9.4%
Bachelor's degree or higher
26.2%
Commercial electricity
21.6¢/kWh
Economic momentum
How fast Fairbanks's economy is moving, ranked against the US cities we track.
58/100
Steady
Ranks Fairbanks's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $268,400 |
| Price per sq. ft. | $240 |
| Property tax rate | 1.15% |
| 1-bedroom rent | $1,109/mo |
| 2-bedroom rent | $1,465/mo |
| State & local income tax | 0% |
| Sales tax | 1.8% |
| Corporate income tax | 9.4% |
| Avg. weekly wage | $1,389/wk |
| Bachelor's degree or higher | 26.2% |
| Commercial electricity | 21.6¢/kWh |
| Businesses per 1k residents | 26.1/1k |
| Wage: Software developer | $101,260 |
| Wage: Registered nurse | $109,480 |
| Wage: General manager | $114,990 |
| Wage: Customer service | $44,980 |
| Wage: Warehouse worker | $40,850 |
| Wage: Heavy truck driver | $76,560 |
| Wage: Electrician | $97,860 |
| Wage: Retail salesperson | $37,550 |
| Cost of living index | 103 |
| Groceries index | 125 |
| Utilities | $250/mo |
| Transit pass | $60/mo |
| Gas price | $3.70/gal |
| Healthcare index | 120 |
| Childcare (per child) | $1,200/mo |
| Median household income | $73,534 |
| Unemployment rate | 4.4% |
| Population | 32k |
| Crime index | 70/100 |
| School rating | 4.8/10 |
| Walkability | 30/100 |
| Disaster risk | 89/100 |
| Avg. commute | 19 min |
| Sunny days / year | 130 days |
| July high | 73°F |
| January low | -15°F |
| Annual snowfall | 58 in |
| Home price YoY | +2.3% |
| Home price MoM | +0.7% |
| Rent YoY | +1.5% |
| Rent MoM | -0.7% |
| Employment (jobs) YoY | 0.0% |
| Building permits YoY | +47.1% |
| Ocean coast | 261 mi |
| Big lake | 1626 mi |
| Mountains | 162 mi |
| Major airport | 5 mi |
| Ski resort | 271 mi |
Popular comparisons
Nearby
- Badger, AK · 19k
- Knik-Fairview, AK · 20k
- Anchorage, AK · 289k
- Juneau, AK · 32k
Real listings in Fairbanks
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Fairbanks a good place to run a business?
- Alaska's corporate income tax rate is 9.4%; average weekly wages in the surrounding labor market run $1,389/wk; commercial electricity averages 21.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Fairbanks, AK?
- Fairbanks indexes at 103 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,465/mo and a acs median home value of $268,400.
- How much does a house cost in Fairbanks?
- The acs median home value in Fairbanks is $268,400 (Census ACS estimate; individual listings vary).
- How much is rent in Fairbanks?
- A two-bedroom in Fairbanks rents for about $1,465/mo.