Fairbanks, Alaska is home to 99701 zipcode and is known for its great scenery and outdoor activities. The 2 bedroom rent in Fairbanks is $1,280, which is significantly lower than the US average of $1,430 per month. Additionally, the Grocery Cost Index in Fairbanks is 133 versus 100 in the US which indicates that groceries are more expensive here than other areas in the country.
The city is a major hub for businesses and companies with many large employers like Covenant Health Systems, University of Alaska Fairbanks, Fairbanks Memorial Hospital and Denali Federal Credit Union all having a presence in the area. There are also numerous independent companies located throughout Fairbanks such as Denali Bookkeeping & Tax Services LLC, Northern Treasury LLC and Gaea Infosystems. With these businesses providing job opportunities for locals and visitors alike, Fairbanks continues to be a great place to live and work.
Fairbanks (zip 99701) has an unemployment rate of 7.2%. The US average is 6.0%.
Fairbanks (zip 99701) 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 (zip 99701)
- The Sales Tax Rate for Fairbanks (zip 99701) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Fairbanks (zip 99701) 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 (zip 99701)
- The average income of a Fairbanks (zip 99701) resident is $29,907 a year. The US average is $28,555 a year.
- The Median household income of a Fairbanks (zip 99701) resident is $66,126 a year. The US average is $69,021 a year.