Average Construction and Extraction Occupations Salary in Fairbanks-College, AK
Construction and Extraction Occupations in Fairbanks-College, AK, command an impressive average annual salary of $81,390, significantly surpassing the national average of $64,030. This elevated compensation is likely driven by the unique demands and logistical challenges inherent in working in Alaska, requiring specialized skills and a robust workforce to meet local needs.
Executive Summary
- Average Salary: $81,390 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,670.
- Outlook: The job market for Construction and Extraction Occupations in Fairbanks-College, AK, appears robust, with a local workforce of 2,540 individuals. The concentration, indicated by a Location Quotient of 1.71, suggests a demand for these roles that is 71% higher than the national average, pointing towards a stable and potentially growing employment landscape for professionals in this sector.
Salary Overview
The average Construction and Extraction Occupations in Fairbanks-College, AK earns+27.1%above the national average.
$39.1
$1,565
$6,783
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Construction and Extraction Occupations in Fairbanks-College, AK, have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for infrastructure, and the need for specialized skills in a challenging environment likely contribute to this upward salary trajectory.
Construction and Extraction Occupations Salary Distribution in Fairbanks-College, AK
Within the Construction and Extraction Occupations field in Fairbanks-College, AK, career progression significantly impacts earning potential. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized certifications can command salaries well above the average. The percentile gaps in salary distribution clearly signify the substantial rewards associated with advancing through the ranks and acquiring specialized expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $49,970 | $24 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $61,043 | $29.3 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $81,860 | $39.4 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $101,738 | $48.9 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $107,670 | $51.8 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$81,390
Gross Pay
Real Wage (Purchasing Power)
$81,390
Adjusted for COL (100)
The average annual salary of $81,390 in Fairbanks-College, AK, is particularly attractive when considering the local Cost of Living Index is exactly at the national average of 100. This means that the higher nominal wages translate directly into strong purchasing power, allowing professionals in Construction and Extraction Occupations to enjoy a comparable or even enhanced standard of living compared to their counterparts in other parts of the country.
Job Market Context
2,540
Total Jobs
70.755
Per 1K Jobs
1.71
Location Quotient
Fairbanks-College, AK has 1.7x the national concentration of Construction and Extraction Occupations jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.71, Fairbanks-College, AK, exhibits a notable concentration of Construction and Extraction Occupations compared to the national average. This indicates a specialized and potentially competitive market where the demand for skilled labor in these fields is significantly higher than the national benchmark, suggesting ample opportunities for qualified individuals.
Nearby Job Markets
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Fairbanks-College, AK?
The median annual salary for a Construction and Extraction Occupations in Fairbanks-College, AK is $81,390. This typically ranges from $49,970 for entry-level positions to $107,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fairbanks-College, AK is 27.1% higher than the national median of $64,030.
Is Fairbanks-College, AK a lucrative place for Construction and Extraction Occupationss?
Yes, Fairbanks-College, AK is a lucrative location for Construction and Extraction Occupations.The average annual salary of $81,390 is substantially higher than the national average, and the cost of living is on par with the national average, offering excellent purchasing power.
Is Fairbanks-College, AK a good place to live for Construction and Extraction 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 local workforce size impact job availability?
A local workforce of 2,540 indicates a substantial pool of professionals, suggesting a mature market that can support significant project demands and potentially offer diverse career paths within Construction and Extraction Occupations.
What does a Location Quotient of 1.71 mean for job seekers?
A Location Quotient of 1.71 signifies that Construction and Extraction Occupations are 71% more concentrated in Fairbanks-College, AK, than the national average, implying higher demand and potentially more specialized job opportunities.
How does the cost of living in Fairbanks-College, AK compare nationally?
The Cost of Living Index in Fairbanks-College, AK, is 100, which is exactly the national average, meaning that the purchasing power of salaries is comparable to the rest of the United States.
Are there many jobs per 1,000 workers in this field in Fairbanks-College, AK?
With 70.755 jobs per 1,000 workers, Fairbanks-College, AK, demonstrates a strong presence of Construction and Extraction Occupations, indicating a healthy and active job market for these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,540 employees in the Fairbanks-College, AK area with a job density of 70.755 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Fairbanks-College, AK