Fairbanks, AK Metro Area is a great place to live. It has a low two bedroom rent of $1,490 compared to the US average of $1,430. This leaves more money in your pocket for other expenses such as groceries. The Grocery Cost Index in Fairbanks is 134 versus 100 in the US, making it an affordable place to live. There are many local companies such as Alaska Dispatch News and Jones Commercial Services that offer plenty of job opportunities. People living in Fairbanks enjoy the lower cost of living and beautiful views this area has to offer.
Fairbanks Metro Area has an unemployment rate of 5.6%. The US average is 6.0%.
Fairbanks Metro Area 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 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Fairbanks Metro Area
- The Sales Tax Rate for Fairbanks Metro Area is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Fairbanks Metro Area 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 Metro Area
- The average income of a Fairbanks Metro Area resident is $32,906 a year. The US average is $28,555 a year.
- The Median household income of a Fairbanks Metro Area resident is $78,321 a year. The US average is $69,021 a year.