Firstly why Fairbanks, Alaska?
I’ll start with some quick stats and an overview:
- City: Fairbanks
- State: Alaska
- Population: 31,080 people
- Fairbanks’s quick summary would be Fairbanks locals look forward to the Midnight Sun baseball game each summer and the winter Northern Lights shows.
Some people I know rave about this place, others say it’s on the upswing or going through changes. Check out these migration details:
- How many people move-in: 3,000 annually
- While this many move-out: 2,000 annually
- Net Migration: 1000 more people in (net) annual change
- Non-Citizen Move-in: 800
- Number of Homeless people: 300
You might wonder why people choose to move here, I’d say generally because it known for its unique Arctic climate and proximity to the Northern Lights attracts those seeking adventure and outdoor activities
Perk #1: Fairbanks Demographic Mix & Lifestyle
- The percentage of Residents Age 30–50 is about 35%
- Percentage of Home Ownership is hovering around 60%
- Largest Local Ethnic Group is White
- The 2nd Largest Ethnic Group is mostly Native American
- The median income is (and growing) $67,000
- Income Required to Live Comfortably in Fairbanks is $78,000
- Average Extra Spending Money after paying bills yearly is approx. $11000 in positive cash flow
This and any cities local population can be a real melting pot—or sometimes it’s more homogeneous, depending on the area. Ask yourself: would you enjoy a bustling community with diverse backgrounds, or do you prefer a quieter, tight-knit vibe?
Perk #2: Housing & Fairbanks’s Cost of Living
- Cost of Living Index: 120 (100 is the US average)
- Annual Property Tax Per House: $3,681
- Property Tax %: 1.06%
- Rent for an average 2BD Apartment: $1,300
- Rent for an average house: $2,000
- Popular and Expensive Neighborhood: Fairbanks
- Top 5 Growing Areas: Fairbanks, North-Pole, Ester, Moose-Creek, and probably could include Fort-Wainwright
- Avg. Age of Homes in Fairbanks: 44 years
- The Percentage of Realtors per 100 people here: 0.8%
If the cost-of-living index is low, you might find a place without selling your kidney. If it’s high, well, you’ll need to budget carefully. Some income earners thrive in pricey markets, others prefer less financially stressful areas.
Perk #3: Job Market & Fairbanks’s Economy
- 3 Industries gaining traction in Fairbanks are Government, Tourism, and Retail
- Fairbanks Job Scene: stable job market with opportunities in education and healthcare
- The General Tech Scene: emerging tech hub with a focus on research and education, home to the University of Alaska Fairbanks ,
- Fairbanks Resident’s pay $1,000 in City Tax alone!
- Local Sales Tax in Fairbanks: 1%
- No. of Independent Businesses: 40 (excluding chains and corporates)
- Number of Local Branch Banks: 4
Maybe you’re a go-getter in finance, tech, or healthcare. Or you’d rather open a mom-and-pop shop. Either way, it’s worth checking if the local industries align with your skill set—or if you’re game to try something new.
Perk #4: Transportation & Commuting in Fairbanks
- Monthly Transportation Costs: $115 on average per person
- Freeway Access: George Parks Highway serves as a vital link between Fairbanks and Anchorage
- Commute Time: 25 minutes (public & private)
- Main Evening Traffic Area: evening congestion on University Avenue
- Transportation Score: 25 out of 100 described as Some Transit
- No. of Vehicles Registered in Fairbanks: 32,000
- Cars registered per Person: 1
- No. of Car Washes: 5 in and around the city
- DMV Website for Fairbanks: dmv.alaska.gov
- The Bike-Friendly Score: 60 of 100
- Local Airport: Fairbanks International
Is a 15-minute commute your dream, or is 45 minutes stuck on the freeway a dealbreaker? If you can handle traffic or love public transit, this might be perfect. If not, brace yourself with a killer podcast lineup.
Perk #5: Fairbanks’s Weather & Natural Factors
- The Most Common Natural Disaster is Wildfires
- General Weather in Fairbanks is best described as experiences long cold winters with temperatures often falling below freezing and short mild summers with occasional warm spells
- Winter Weather in Fairbanks i’d describe as extremely cold with heavy snowfall
- Spring Weather in Fairbanks can be described as cold and snowy
- Summer’s in Fairbanks are mostly cool and short
- Fall ( the nicest time) in Fairbanks is usually cold and snowy
- How many days in a row over 90°F: 1 days in summer
- Days in a row in Fairbanks below Freezing: 90
- Average Annual Rainfall: 11 inches
- Summer Air Quality is usually moderate air quality with occasional smoke from wildfires
- Fairbanks Winter Air poor air quality due to high particulate matter from wood burning and temperature inversions
Do you live for sunny skies? Or maybe you can’t stand humidity. Some relish snowy winters; others run south at the first snowflake. And if hurricanes, tornadoes, or earthquakes are part of the package, put all that into your consideration matrix.
Perk #6: Fairbanks Education & Schools
- The GreatSchools.org City Rating:
- Number of Colleges and Universities in Fairbanks 1
- While the number of trade schools inside Fairbankss’s city limits are 2
- Library that I have visited and enjoyed is the University of Alaska Fairbanks Rasmuson Library
If you’ve got kids—or you’re looking to further your own education—solid school ratings and local colleges can be a huge perk. If not, hey, a good library have more gems that you didn’t know existed, check it out.
Perk #7: Healthcare & Fairbanks Stats
- Typical EMS Response Time: 15 minutes
- Registered Full-Time Fairbanks only Doctors is about 40
- Local Hospitals here is 2
- Full-time Fairbanks only Police Officers is about 200
- Crime Rate Index: 25/100
Medical facilities could be important to you and who knows it could be related to the crime stats. Again some stats that are worth considering.
Perk #8: Utilities, Gyms & Water Quality
- Fairbanks’s Monthly utility bill average is $170
- Fairbanks’s Monthly Gym Membership: $65
- Fairbanks’s Water Quality Score: 78
Some of us freak out if water tastes off, others don’t mind. Gym buffs will appreciate a cheap membership; others prefer running outside for free. Check if these monthly costs fit inside your realistic lifestyle.
Perk #9: Events, Festivals & Vibe in Fairbanks
- Approx number of Festivals the city puts on is 4 annually
- The General Local City Vibe: small town feel with a strong sense of community and access to outdoor activities
- You might enjoy live music events at local bars and venues
- Nightlife Scene (yes this is completely subjective), Fairbanks offers a unique blend of bars and live music venues showcasing local talent with a chill atmosphere
If you love a lively social calendar—fairs, concerts, maybe the odd chili cook-off—this is your jam. If crowds make you itch, you might only show up for the funnel cakes.
Perk #10: The Food, Sports & Culture of Fairbanks
- The Objective Restaurant Scene The restaurant scene includes local coffee shops diners and a variety of ethnic cuisines like Thai and Mexican
- The Number of Independent Restaurants are 30 scattered around Fairbanks
- The Popular Sports Team is University of Alaska Fairbanks Nanooks
- Top Level Political Climate in Fairbanks can be described as politically mixed with a focus on local issues and community engagement
- Fairbanks’s Longer standing religious establishment is Unitarian Universalist Fellowship of Fairbanks
Whether you’re a foodie wanting fancy cuisine or a sports nut who can’t miss the local team’s home game, see if your interests line up with what the city offers.
Perk #11: Fairbanks Parks & Green Spaces
- Did you know Fairbanks has 30 Parks?
- Golden Heart Plaza is Fairbanks’s Green Space Center
- The local favorite Farmers Market is Interior Alaska Farmers Market normally open Saturday 10am-5pm
- Outdoor Activities that both weekend warriors are pro’s can enjoy are Dog sledding, snowshoeing, and Aurora viewing
Love fresh air? A city investing in parks and markets can be a sanity-saver. If you prefer the indoors, maybe it’s less of a draw—but I still say fresh produce is never a bad thing.
Perk #12: Fairbanks Neighborhoods Pace & Proximity
- The Pace of Life in Fairbanks can be described as moderately paced with a mix of outdoor activities and local community events
- 3 Family-Friendly Activities anyone can enjoy in Fairbanks building snow forts playing outside during winter crafting with nature
- The Cities people commute to from Fairbanks are Anchorage 358 miles away Juneau 630 miles away Kodiak 918 miles away
Neighborhood pace can range from laid-back suburbs to frantic downtown vibes. If you need a quick getaway, big neighboring cities can scratch that itch for a weekend change of scene.
8 Drawbacks about Fairbanks or are they?
No place is perfect. I rate these as important based on your location and type of work you do. They might not be negatives or positives for everyone.
- Traffic/Commute Issues
Maybe you read: evening congestion on University Avenue. If you hate gridlock, look at alternative routes or brace yourself with podcasts. - Natural Disaster or Extreme Weather
Fairbanks’s Wildfires risk could be minimal or major. Dig more on that is your eyebrow just went up. - Pricey Neighborhoods
If Fairbanks is out of your price point, you might consider these places nearby Fairbanks are Anchorage 358 miles away Juneau 630 miles away Kodiak 918 miles away. - Crime Rate Concerns
With a 25 of 100, some neighborhoods might feel safer than others. Everyone has a different tolerance for this. - Harsh Climate Contrasts
Fairbanks has 90 days in a row below freezing and 1 days above 90 degrees. This might be your heaven or your nightmare. Some people can’t stand snow, while others pray for it. - Limited Extra Funds
After general costs of living here in Fairbanks people have an average (positive or negative) $11000 in positive cash flow left over in income to spend or pay off. Economics will make or break you here. - Homelessness or Social Challenges
300 homeless people living in Fairbanks. It can be tough for the community—no easy solutions. - Cultural/Political Mismatch
The general politically mixed with a focus on local issues and community engagement could change but probably not quickly. We all go thru cycles in our lifestyle and outlook. Think about this and your future outlook before a move to Fairbanks.
Retiree & Senior Life in Fairbanks
- Retiree Tax Benefits say seniors can may benefit from property tax exemptions based on age income or disability status
- The most established Senior Citizen Community is Pioneer Home Fairbanks Senior Living
- North Star Senior Center offers various activities fitness classes and social events for seniors
If you’re in (or nearing) retirement, see if the city provides property tax breaks or comfy 55+ communities. Some places cater heavily to seniors, others less so.
Moving to Fairbanks, Alaska?
If Fairbanks, Alaska ir your next home or you are packing up, Let Allied Van Lines Help
As someone who’s hauled half his life across state lines more times than I can recall, let me say that Allied Van Lines simplifies the process. From big bulky couches to fragile antiques, they’ve got you covered.
A quick quote or phone call might be all you need to turn your daydream into reality. If you see me around Fairbanks, Alaska, say hi—I’m the guy who once moved with nothing but a backpack and a guitar. Good luck on your new adventure!