SalaryNode

Average All Occupations Salary in Fairbanks-College, AK

In Fairbanks-College, Alaska, the average annual salary for all occupations stands at a robust $69,910. This figure notably surpasses the national average of $67,140, indicating a potentially higher earning environment for workers in this region. Factors such as the unique economic landscape and demand for skilled labor in Alaska likely contribute to this elevated compensation.

Executive Summary

  • Average Salary: $69,910 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $117,240.
  • Outlook: With a substantial local workforce of 35,970 individuals and a Location Quotient of 1.0, Fairbanks-College demonstrates a job market that mirrors the national distribution for all occupations. This suggests a stable and consistent demand for labor, where the number of jobs aligns with the general population, indicating a healthy and balanced employment ecosystem.
2024 Market Data

Salary Overview

$69,910

The average All Occupations in Fairbanks-College, AK earns+4.1%above the national average.

BreakdownBased on 40h/week
Hourly

$33.6

Weekly

$1,344

Monthly

$5,826

All Occupations Salary Distribution in Fairbanks-College, AK

Salary progression in Fairbanks-College, AK, for all occupations, typically sees a significant increase from entry-level to senior positions. While exact figures vary, the gap between the 25th percentile (entry-level) and the 75th percentile (experienced) often signifies substantial career growth and earning potential, reflecting the value of accumulated skills and responsibilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$32,430$15.6
ExperiencedProficient professional working independently.25% (Junior)$52,433$25.2
Mid-LevelEstablished expert. Standard market value.50% (Median)$58,820$28.3
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$87,388$42
Top TierIndustry leader / Executive level compensation.90% (Expert)$117,240$56.4

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$69,910

Gross Pay

Real Wage (Purchasing Power)

$69,910

Adjusted for COL (100)

The nominal average annual salary of $69,910 in Fairbanks-College, AK, aligns perfectly with the national average cost of living index of 100. This suggests that the purchasing power of the local salary is comparable to the national standard, meaning that while earnings are higher than the national average, the cost of goods and services is also on par.

Job Market Context

35,970

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Fairbanks-College, AK has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A Location Quotient of 1.0 for all occupations in Fairbanks-College, AK, indicates that the concentration of these jobs within the local workforce is precisely at the national average. This signifies a balanced job market where the availability of roles for all occupations is neither exceptionally high nor low compared to the rest of the country, suggesting a competitive yet stable employment landscape.

Nearby Job Markets

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Fairbanks-College, AK?

The median annual salary for a All Occupations in Fairbanks-College, AK is $69,910. This typically ranges from $32,430 for entry-level positions to $117,240 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fairbanks-College, AK is 4.1% higher than the national median of $67,140.

Is Fairbanks-College, AK a lucrative place for All Occupationss?

Yes, it is a moderately lucrative place for All Occupations.The average salary of $69,910 is higher than the national average, and the cost of living is on par with the national average, suggesting good purchasing power.

Is Fairbanks-College, AK a good place to live for All Occupations?

The Cost of Living Index in Fairbanks-College, AK is 100. While higher than average, this often correlates with higher wages.

How does the average salary in Fairbanks-College, AK compare to the national average?

The average annual salary in Fairbanks-College, AK, is $69,910, which is higher than the national average of $67,140.

What is the cost of living in Fairbanks-College, AK?

The cost of living index in Fairbanks-College, AK, is 100, which is the same as the national average.

How large is the workforce in Fairbanks-College, AK?

The total local workforce in Fairbanks-College, AK, comprises 35,970 individuals.

What does a Location Quotient of 1 mean for Fairbanks-College, AK?

A Location Quotient of 1 signifies that the concentration of jobs for all occupations in Fairbanks-College, AK, is equal to the national average, indicating a balanced job market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 35,970 employees in the Fairbanks-College, AK area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Fairbanks-College, AK