Fairbanks, AK is an excellent place to live with a variety of local businesses and amenities. It has a 2 bedroom rent of $1,540, which is slightly above the US average of $1,430. Groceries are also more expensive in Fairbanks at a grocery cost index of 133 as compared to 100 in the US. Local businesses in Fairbanks include The Alaska Club Fitness Center, All Seasons Home Care Services, Tanana Valley Farmers Market Cooperative and many more. There are also plenty of restaurants in the area like Lavelle's Bistro and Cafe Nola. If you're looking for somewhere to live that has plenty on offer then Fairbanks should be at the top of your list.
Fairbanks has an unemployment rate of 7.2%. The US average is 6.0%.
Fairbanks has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 16.8%, which is lower than the US average of 33.5%.
Tax Rates for Fairbanks
- The Sales Tax Rate for Fairbanks is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Fairbanks is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairbanks
- The average income of a Fairbanks resident is $27,620 a year. The US average is $28,555 a year.
- The Median household income of a Fairbanks resident is $66,572 a year. The US average is $69,021 a year.