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Average Carpenters Salary in Fairbanks-College, AK

Carpenters in Fairbanks-College, Alaska, command an impressive average annual salary of $84,100, substantially outpacing the national average of $64,010. This elevated compensation is largely driven by the unique demands and logistical challenges inherent to working in Alaska, including climate and remoteness, which necessitate higher pay to attract and retain skilled labor.

Executive Summary

  • Average Salary: $84,100 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $152,690.
  • Outlook: With a local workforce of 340 Carpenters and a Location Quotient of 2.08, Fairbanks-College demonstrates a robust and concentrated demand for this trade. The concentration significantly above the national average suggests that Carpenters are a vital component of the local economy, indicating a stable and potentially growing job market for skilled professionals in this region.
2024 Market Data

Salary Overview

$84,100

The average Carpenters in Fairbanks-College, AK earns+31.4%above the national average.

BreakdownBased on 40h/week
Hourly

$40.4

Weekly

$1,617

Monthly

$7,008

Carpenters Salary Distribution in Fairbanks-College, AK

The salary progression for Carpenters in Fairbanks-College typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries well above the average. The percentile gaps in earnings clearly signify substantial career progression opportunities and the value placed on expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$48,420$23.3
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$63,075$30.3
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$83,120$40
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$105,125$50.5
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$152,690$73.4

Detailed Carpenters Market Analysis

Relocation Context

Nominal Salary

$84,100

Gross Pay

Real Wage (Purchasing Power)

$84,100

Adjusted for COL (100)

The nominal salary of $84,100 in Fairbanks-College, Alaska, is perfectly balanced against the local Cost of Living Index of 100, which is precisely the national average. This means that the higher wages earned by Carpenters in this region are not eroded by increased living expenses, allowing for a strong purchasing power equivalent to the national standard.

Job Market Context

340

Total Jobs

9.408

Per 1K Jobs

2.08

Location Quotient

Major Hub

Fairbanks-College, AK has 2.1x the national concentration of Carpenters jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

A Location Quotient of 2.08 for Carpenters in Fairbanks-College signifies a market where this profession is more than twice as concentrated as the national average. This indicates a high demand relative to the general workforce, suggesting that Carpenters are a crucial and sought-after trade in the area, potentially leading to more job opportunities and competitive compensation.

Nearby Job Markets

Hiring Carpenterss?

Frequently Asked Questions

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

The median annual salary for a Carpenters in Fairbanks-College, AK is $84,100. This typically ranges from $48,420 for entry-level positions to $152,690 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fairbanks-College, AK is 31.4% higher than the national median of $64,010.

Is Fairbanks-College, AK a lucrative place for Carpenters?

Yes, Fairbanks-College, AK is a highly lucrative location for Carpenters.Carpenters in Fairbanks-College earn significantly more than the national average, with an annual salary of $84,100. Furthermore, the cost of living is on par with the national average, meaning the higher salary translates directly to greater disposable income.

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

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

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

Carpenters in Fairbanks-College earn an average annual salary of $84,100, which is considerably higher than the national average of $64,010.

What is the significance of the Location Quotient in Fairbanks-College for Carpenters?

A Location Quotient of 2.08 indicates that Carpenters are more than twice as concentrated in Fairbanks-College compared to the national average, suggesting a strong local demand for their skills.

Does the cost of living in Fairbanks-College affect the Carpenter salary?

No, the cost of living in Fairbanks-College is exactly at the national average (100), meaning the higher salary of $84,100 offers strong purchasing power without being offset by increased expenses.

How many Carpenters are employed in Fairbanks-College?

There are approximately 340 Carpenters employed in the Fairbanks-College area, representing 9.408 jobs per 1,000 workers.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Fairbanks-College, AK area with a job density of 9.408 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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