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All About

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.

Average Rent in Fairbanks

Studio1 Bed2 Bed3 Bed
Apr 20$1,854$650$1,003$1,168
Mar 201,7026501,0031,168
Feb 201,6806501,0031,168
Jan 201,6806501,0031,168
Dec 191,6806501,0031,900
Nov 191,6809001,6001,900
Oct 191,6802,6641,6002,000
Sep 191,6802,5881,6001,895
Aug 192,1902,5881,6001,930
Jul 192,4422,0631,2001,912
Mar 191,5981,5001,875
Feb 191,3481,5001,837
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Frequently Asked Questions About Fairbanks

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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