Average Educational Instruction and Library Occupations Salary in Fairbanks-College, AK
In Fairbanks-College, AK, professionals in Educational Instruction and Library Occupations earn an impressive average annual salary of $68,430. This figure significantly surpasses the national average of $61,040, indicating a strong demand and potentially higher compensation for these vital roles within the state. The unique economic landscape and specific needs of the Alaskan region likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $68,430 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,680.
- Outlook: The job market for Educational Instruction and Library Occupations in Fairbanks-College, AK, appears robust, supported by a local workforce of 2,310 individuals in this sector. The location quotient of 1.1 suggests a slightly higher concentration of these jobs compared to the national average, implying a stable and perhaps growing demand for skilled professionals in this field within the region.
Salary Overview
The average Educational Instruction and Library Occupations in Fairbanks-College, AK earns+12.1%above the national average.
$32.9
$1,316
$5,703
Educational Instruction and Library Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Educational Instruction and Library Occupations in Fairbanks-College, AK, have experienced a positive growth trend over the past four years, mirroring national trends of increasing compensation in specialized fields. This upward trajectory is often driven by inflation, increased demand for qualified educators, and evolving educational standards.
Educational Instruction and Library Occupations Salary Distribution in Fairbanks-College, AK
Career progression within Educational Instruction and Library Occupations in Fairbanks-College, AK, typically leads to substantial salary increases. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, those requiring advanced degrees, or specialized expertise can command significantly higher salaries. The percentile gaps in earnings clearly signify the rewards associated with gaining experience and advancing within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $24,400 | $11.7 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $51,323 | $24.7 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $62,410 | $30 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $85,538 | $41.1 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $108,680 | $52.3 |
Detailed Educational Instruction and Library Occupations Market Analysis
Relocation Context
Nominal Salary
$68,430
Gross Pay
Real Wage (Purchasing Power)
$68,430
Adjusted for COL (100)
The nominal average annual salary of $68,430 in Fairbanks-College, AK, is particularly attractive when considered against the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of an educator's salary in Fairbanks-College is equivalent to the national standard, making the higher nominal wage translate directly into comparable living expenses.
Job Market Context
2,310
Total Jobs
64.089
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Fairbanks-College, AK has a slightly higher-than-average concentration of Educational Instruction and Library Occupations roles compared to the national norm.
With a location quotient of 1.1, Fairbanks-College, AK, shows a slightly higher concentration of jobs in Educational Instruction and Library Occupations than the national average. This suggests that the job market is moderately competitive but also indicates a solid presence and consistent demand for these professionals, making it a favorable environment for those seeking employment or career advancement in this sector.
Nearby Job Markets
Hiring Educational Instruction and Library Occupationss?
Frequently Asked Questions
How much does a Educational Instruction and Library Occupations make in Fairbanks-College, AK?
The median annual salary for a Educational Instruction and Library Occupations in Fairbanks-College, AK is $68,430. This typically ranges from $24,400 for entry-level positions to $108,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fairbanks-College, AK is 12.1% higher than the national median of $61,040.
Is Fairbanks-College, AK a lucrative place for Educational Instruction and Library Occupationss?
Yes, Fairbanks-College, AK offers a lucrative environment for these professionals.The average salary of $68,430 is notably higher than the national average, and the cost of living is on par with the national index, enhancing the real value of this compensation.
Is Fairbanks-College, AK a good place to live for Educational Instruction and Library 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 salary in Fairbanks-College, AK compare to the national average?
The average annual salary for Educational Instruction and Library Occupations in Fairbanks-College, AK, is $68,430, which is $7,390 higher than the national average of $61,040.
What is the significance of the Location Quotient in Fairbanks-College, AK?
A Location Quotient of 1.1 indicates that Educational Instruction and Library Occupations are slightly more concentrated in Fairbanks-College, AK, than the national average, suggesting a healthy job market for these roles.
How does the cost of living affect the salary in Fairbanks-College, AK?
With a Cost of Living Index of 100, Fairbanks-College, AK, matches the national average, meaning the higher local salary of $68,430 provides purchasing power equivalent to the national standard.
What is the total workforce size for these occupations in Fairbanks-College, AK?
There are 2,310 individuals employed in Educational Instruction and Library Occupations within the Fairbanks-College, AK, area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,310 employees in the Fairbanks-College, AK area with a job density of 64.089 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Educational Instruction and Library Occupations • Data source: BLS OEWS 2024 •Jobs in Fairbanks-College, AK