2025 Compare Cities Economy:
Fairbanks, AK vs Prior Lake, MN

Change Cities
Highlights
- Household income in Prior Lake, is 74% more than it is in Fairbanks and is 40% above the National Average.
- Fairbanks unemployment rate is 7.2%.
- Prior Lake unemployment rate is 3.8%.
 Fairbanks, AKPrior Lake, MNUnited States
 Unemployment Rate  Unlock3.8%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth16.8%  Unlock33.5%
 Sales Taxes0.0%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$33,194  Unlock$37,638
 Household Income  Unlock$115,837$69,021
 Family Median Income$73,539  Unlock$85,028
 space
 Est. Households By Income
 Fairbanks, AKPrior Lake, MNUnited States
 Income Less Than 15K  Unlock2.6%9.4%
 Income between 15K and 20K2.5%  Unlock3.8%
 Income between 20K and 30K  Unlock3.8%8.1%
 Income between 30K and 40K10.2%  Unlock8.0%
 Income between 40K and 50K  Unlock5.2%7.6%
 Income between 50K and 60K9.3%  Unlock7.2%
 Income between 60K and 75K  Unlock9.4%9.6%
 Income between 75K and 100K13.4%  Unlock12.8%
 Income between 100K and 150K  Unlock21.7%16.3%
 Income between 150K and 200K6.4%  Unlock7.8%
 Income greater than 200K  Unlock23.2%9.5%
 space1
 Population By Occupation
 Fairbanks, AKPrior Lake, MNUnited States
 Management, business, finance11.9%  Unlock16.4%
 Engineering, computers, science  Unlock10.1%6.5%
 Community, social services3.5%  Unlock1.8%
 Legal  Unlock0.8%1.2%
 Education, library4.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.7%2.0%
 Healthcare practitioners and technology6.6%  Unlock6.2%
 Healthcare support  Unlock1.7%3.3%
 Firefighters, law enforcement2.6%  Unlock2.1%
 Food preparation, serving  Unlock3.3%5.4%
 Building maintenance4.3%  Unlock3.6%
 Personal care  Unlock3.6%2.6%
 Sales, office, administrative support23.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair8.1%  Unlock8.1%
 Production, transportation, material moving  Unlock9.7%13.1%
Reviews for Fairbanks    20 Reviews

I have lived in the Fairbanks area for about 25 years and have become very comfortable with the community and the lifestyle here. That said, retirement is fast  More

   |    Reply

Over 14 years ago

Comments about Fairbanks, both positive and negative, are of interest to me. Was in Fairbanks this past March [and north on Cleary Summit] and fell in love with the  More

   |    Reply

Over 15 years ago

I came to Alaska 15 years ago on an adventure and first lived in Juneau, which I LOVED and then moved to Eagle River, which I loved and now live in Fairbanks! I do not  More

   |    Reply

Start Your Review of Fairbanks

Reviews for Prior Lake    3 Reviews

Over 13 years ago

Prior Lake is an amazing place to raise a family and to live. The city puts a lot of money into community events that are almost always free or of low cost. From the  More

   |    Reply

Over 15 years ago

A beautiful, quiet, friendly community built around a lovely good sized lake. Prior Lake is only a short drive away from many fun and exciting cultural, sporting,  More

   |    Reply

We actually live in Credit River Township, but our mailing address is Prior Lake. Our real estate taxes help pay for the schools in Prior Lake, but, in Credit River  More

   |    Reply

Start Your Review of Prior Lake


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.