Fairbanks North Star Borough, AK Economy


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United States / Alaska / / Fairbanks North Star Borough County / Cities / Zip Codes
Fairbanks North Star Borough, AK County is a great place to live with plenty of interesting attractions and amenities. The cost of living is reasonably low when compared to the rest of the country, with 2 bedroom rent coming in at $1,490 compared to the US average of $1,430. Grocery costs are also comparatively low at 134 versus 100 in the US. The county is home to numerous local businesses such as Gulliver's Books and Gifts and Alaska's Gold Rush Jewelry & Collectibles. There are also several highly rated schools in the area such as University of Alaska Fairbanks and Lathrop High School. It's a great place for families looking for a safe community with plenty of activities and opportunities.

Fairbanks North Star Borough County has an unemployment rate of 5.6%. The US average is 6.0%.

Fairbanks North Star Borough County 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 North Star Borough County
- The Sales Tax Rate for Fairbanks North Star Borough County is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Fairbanks North Star Borough County 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 North Star Borough County
- The average income of a Fairbanks North Star Borough County resident is $32,906 a year. The US average is $28,555 a year.
- The Median household income of a Fairbanks North Star Borough County resident is $78,321 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairbanks North Star Borough, AlaskaUnited States
  5.66
  -3.5%-6.2%
  18.0%33.5%
  0.0%6.2%
  0.0%4.6%
  $39,820$37,638
  $78,321$69,021
  $93,030$85,028
  Population by Occupation
  1.3%1.2%
  2.9%0.5%
  8.2%6.8%
  1.9%10.0%
  1.5%2.5%
  10.2%11.0%
  6.5%4.8%
  1.7%0.8%
  2.4%1.9%
  2.1%4.7%
  2.2%1.9%
  4.8%7.6%
  0.0%0.1%
  2.3%4.2%
  12.0%9.3%
  15.4%14.0%
  2.8%2.1%
  7.1%7.0%
  4.4%4.8%
  10.3%4.7%
Health