Fairbanks Facts
Average Income
In times of the gold rush Alaska was place to make a fortune with enough luck.
Nowadays Alaska is still offering the most reward to the ones with enough knowledge, skill and commitment.
Alaskans earn the most money per household out of 51 American states.
Three-Year-Average Median Household Income by State: 2001-2003
| State |
Income |
To average |
| Alaska |
55,143 |
127% |
| California |
48,979 |
113% |
| US (average) |
43,527 |
100% |
| New York |
43,160 |
99% |
| Texas |
40,934 |
94% |
| North Carolina |
38,096 |
88% |
Source: FEDC calculations based on statistics by US census 2000, http://www.census.gov/
Cost Profile
Prices for food, clothing and other basic necessities in Fairbanks and Alaska overall tend to be higher than average in the US.
But this does not tell us, how much money an average person keeps. Thus we calculated an index that would show savings.
The higher the index, the more money you keep:
| Alaska |
98%* |
| Texas |
96% |
| California |
96% |
| Florida |
84% |
| Montana |
78% |
| Massacheusets |
87% |
* The index for each state tends to be below 100%. It means that on the average people tend to spend more than they earn and live in credit everywhere in the US.
The source: calculations of FEDC based on index of cost of living, developed by ACCRA http://www.accra.org/, and income statistics, offered by US Census http://www.census.gov/
Fairbankan's Profile
An average person in Fairbanks is:
- 29 years old
- a male (52% of population)
- makes $ 3,090 a month
- has some college education
- married and has 2 children
- has 2 cars
- his/her home costs $132,700 (national average $170, 800)or he pays a rent of $679 a month
Information is summarized by FEDC using the data from Fairbanks Quarterly Community Research, summer 2004, FNSB Population Growth.
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