The population of Fairbanks, AK was estimated to be 33,000 in 2022. The median age of the Fairbanks population is 27.9.
Cost of Living
The cost of living in Fairbanks, AK is about 4% higher than the national average. The median household income in Fairbanks is $64,397.
Fairbanks, AK Education
High School Graduate: 30%
Some College: 31%
Associates Degree: 11%
Bachelor's or Higher Degree: 29%
Workforce Participation Rates by Education
Less than High School: 57%
High School Graduate: 69%
Some College: 83%
Bachelor's Degree or Greater: 80%
Unemployment Rate by Education
Less than High School: 7%
High School Graduate: 6%
Some College: 13%
Bachelor's Degree or Greater: 3%
Estimated education data based on residents over 25 years old in Fairbanks, AK. Employment data based on residents age 25-64.
Fairbanks Job Market
Fairbanks is the second most populous city in Alaska after Anchorage with a population of 30,000. Top industries in Fairbanks include Government, Manufacturing, Education, and Trade, Transportation, and Utilities, with significantly more jobs in the sciences and production and maintenance sectors than on average in the US. The job market in Fairbanks is growing despite the population stagnating. People like working in Fairbanks because of its proximity to wilderness and natural wonders. Overall, average weekly wages for most occupations (especially blue collar work) and cost of living (because of the state's reliance on imports) are higher in Fairbanks than in the rest of the US.