Everything You Need to Know About the City of Fairbanks Alaska

In 2017, Fairbanks, AK had a population of 31.9k people with a median age of 28.1 and a median household income of $60,658 dollars. Between 2016 and 2017 the population of Fairbanks, AK declined from 32,578 to 31,853, a -2.23 percent decrease, and its median household income grew from $56,306 dollars to $60,658 dollars, a 7.73 percent increase.

The population of Fairbanks, AK is 57.5 percent White Alone, 11.9 percent Hispanic or Latino, and 8.53 percent Two or More Races. N/A% of the people in Fairbanks, AK speak a non-English language, and 96.3 percent are U.S. citizens.

The median property value in Fairbanks, AK is $199,000 dollars, and the homeownership rate is 36.6 percent. Most people in Fairbanks, AK commute by Drove Alone, and the average commute time is 12.7 minutes. The average car ownership in Fairbanks, AK is 2 cars per household. 

Health in Fairbanks

87.1 percent of the population of Fairbanks, AK has health coverage, with 33.5 percent on employee plans, 11.7 percent on Medicaid, 6.65 percent on Medicare, 13.2 percent on non-group plans, and 22 percent on military or VA plans.

Per capita personal health care spending in the place of Fairbanks, AK was $11,064 dollars in 2014. This is a 6.1 percent increase from the previous year ($10,428 dollars).

Primary care physicians in Fairbanks, AK see 1230 patients per year on average, which represents a 4.65 percent decrease from the previous year (1290 patients). Compare this to dentists who see 786 patients per year, and mental health providers who see 195 patients per year.

Comparing across all counties in the state, Ketchikan Gateway Borough and Wrangell City and Borough have the highest prevalence of diabetes (9.4 percent). Additionally, Aleutians West Census Area has the highest prevalence of adult obesity (40.7 percent)


Economy in Fairbanks

The economy of Fairbanks, Alaska employs 12.7k people and Fairbanks has an unemployment rate of 7.2 percent. Fairbanks has seen the job market decreased by -1.2 percent over the last year. Future job growth over the next ten years is predicted to be 16.8 percent, which is lower than the US average of 33.5 percent. The largest industries in Fairbanks, AK are Health Care & Social Assistance (1,804 people), Retail Trade (2,132 people), and Public Administration (1,522 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($85,446 dollars), Utilities ($63,079 dollars), and Agriculture, Forestry, Fishing & Hunting, & Mining ($62,794 dollars).

Households in Fairbanks, AK have a median annual income of $60,658 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $56,306 dollars in 2016, which represents a 7.73 percent annual growth.


Tax Rates for Fairbanks

– The Sales Tax Rate for Fairbanks is 0.0 percent.

– The Income Tax Rate for Fairbanks is 0.0 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Fairbanks

– The average earnings of a Fairbanks resident are $27,620 dollars a year.

– The Median household earnings of a Fairbanks resident is $55,778 dollars a year.