Fairbanks North Star Borough, Alaska
Income Data
At a Glance
How Fairbanks North Star Borough Compares
Detailed Income Statistics
Data Story
About Household Income in Fairbanks North Star Borough, Alaska
Fairbanks outearns the American average
Fairbanks North Star Borough's median household income of $84,722 exceeds the U.S. median by $9,967, placing it in the top tier of American earning power. This $9,967 advantage reflects the region's robust oil and gas industry, which drives Alaska's higher-than-average incomes statewide.
Second-highest earner in Alaska
Only Juneau ($100,513) surpasses Fairbanks in median household income among Alaska's eight regions, with Fairbanks commanding $84,722. Its per capita income of $44,666 leads Alaska's statewide average of $42,832, signaling strong earning potential across the full population.
Dominant income leader in the interior
Fairbanks' $84,722 median income significantly exceeds every other region in interior and Southwest Alaska, outpacing Ketchikan Gateway Borough ($89,155)—wait, Ketchikan is slightly higher—by $6,433 over Kodiak Island Borough ($83,716). Its earning power reflects a larger, more diversified economy than regional peers.
Rising housing costs pinch affordability
Fairbanks' rent-to-income ratio of 20.2% sits above the state average trend but remains manageable, though median home values of $282,500 demand serious household budgeting. High incomes help offset these costs, but renters and first-time homebuyers should plan carefully to stay within the 30% affordability threshold.
Build wealth beyond the boom cycles
Fairbanks' oil-linked economy means income stability can fluctuate; use your above-average earnings to establish diversified investments and emergency reserves now. A financial advisor can help you create a plan that weatherproofs your wealth against seasonal and commodity-driven income swings.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Fairbanks North Star Borough median
County median: $84,722 per year
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vs. State Average
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vs. National Median
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.