Apartments for rent in Fairbanks, AK

A town in Alaska, Fairbanks has slightly more than 32,000 residents. Families with young children will fit right in, as kids under 5 account for an above-average percentage of the community, though young adults are well-represented as well. With an average age of just over 32, the city's population is younger than most cities in Alaska. Homeowners tend to be in the minority in the area, and 63% of residents rent their homes despite an average rent of $1,436 a month, significantly higher than the state average of $1,292.

Fairbanks has an average commute time of about 14 minutes. Many residents (45%) drive their car or truck to work, while public transit isn't used extensively. Walking (4%) isn't a common way to get to work, though the number is higher than the national average.

Among residents over the age of 25 in Fairbanks, 10% possess a Bachelor's degree and 4% have earned a Master's degree or Doctorate. Many Fairbanks residents work in one of two industries: retail and healthcare. Combined, these industries make up 13% of the workforce in the city. Meanwhile, looking at job function, 7% of residents work in sales, which ranks as the top career path in the city. Fairbanks workers earn an average annual income of about $74,000, about $15,000 less than the average Alaska resident. However, the city's average income is just about on par with the national average of $73,345.