2025 Compare Cities Economy:
Silver Spring, MD vs Fairbanks, AK

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Highlights
- Household income in Fairbanks, is 28% less than it is in Silver Spring and is 4% below the National Average.
- Silver Spring unemployment rate is 5.7%.
- Fairbanks unemployment rate is 7.2%.
 Silver Spring, MDFairbanks, AKUnited States
 Unemployment Rate  Unlock7.2%6.0%
 Recent Job Growth  Unlock-1.2%1.6%
 Future Job Growth31.0%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$49,261  Unlock$37,638
 Household Income  Unlock$66,572$69,021
 Family Median Income$107,455  Unlock$85,028
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 Est. Households By Income
 Silver Spring, MDFairbanks, AKUnited States
 Income Less Than 15K  Unlock7.0%9.4%
 Income between 15K and 20K2.1%  Unlock3.8%
 Income between 20K and 30K  Unlock5.5%8.1%
 Income between 30K and 40K7.0%  Unlock8.0%
 Income between 40K and 50K  Unlock8.5%7.6%
 Income between 50K and 60K6.1%  Unlock7.2%
 Income between 60K and 75K  Unlock13.0%9.6%
 Income between 75K and 100K12.1%  Unlock12.8%
 Income between 100K and 150K  Unlock19.9%16.3%
 Income between 150K and 200K11.5%  Unlock7.8%
 Income greater than 200K  Unlock4.3%9.5%
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 Population By Occupation
 Silver Spring, MDFairbanks, AKUnited States
 Management, business, finance20.2%  Unlock16.4%
 Engineering, computers, science  Unlock5.2%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock0.7%1.2%
 Education, library8.4%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.7%2.0%
 Healthcare practitioners and technology3.7%  Unlock6.2%
 Healthcare support  Unlock4.2%3.3%
 Firefighters, law enforcement1.0%  Unlock2.1%
 Food preparation, serving  Unlock6.7%5.4%
 Building maintenance3.9%  Unlock3.6%
 Personal care  Unlock3.8%2.6%
 Sales, office, administrative support13.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.9%0.6%
 Construction, extraction, maintenance/repair6.9%  Unlock8.1%
 Production, transportation, material moving  Unlock12.4%13.1%
Reviews for Silver Spring    18 Reviews

Growing up in Silver Spring, my family and I have been residents for the better part of 25 years. Although some of the development has been great (Discovery Channel, new  More

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What a delightful school! The first time we drove up to the school, our first impression was of the charming shaded playground with wooden structures and surrounding  More

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What a delightful school! The first time we drove up to the school, our first impression was of the charming shaded playground with wooden structures and surrounding  More

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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

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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

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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

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