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Average Legal Occupations Salary in Fairbanks-College, AK

In Fairbanks-College, Alaska, professionals in Legal Occupations can expect an average annual salary of $106,550. This figure is notably below the national average of $143,370, suggesting that localized economic factors, industry demand, or a smaller market size may influence compensation in this specific Alaskan locale.

Executive Summary

  • Average Salary: $106,550 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $172,950.
  • Outlook: The legal job market in Fairbanks-College, AK, comprises a workforce of 200 individuals. With a Location Quotient of 0.67, legal occupations are less concentrated here than the national average, indicating a potentially less saturated but perhaps more specialized local demand for these roles.
2024 Market Data

Salary Overview

$106,550

The average Legal Occupations in Fairbanks-College, AK earns-25.7%below the national average.

BreakdownBased on 40h/week
Hourly

$51.2

Weekly

$2,049

Monthly

$8,879

Legal Occupations Salary Distribution in Fairbanks-College, AK

Career progression within Legal Occupations in Fairbanks-College, AK, typically sees significant salary increases with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, with extensive experience and specialized knowledge, command higher salaries, reflecting the value of expertise and responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Legal AssistantResearch, drafting documents, case support.10% (Entry)$54,600$26.3
AssociateHandling depositions, smaller cases independently.25% (Junior)$79,913$38.4
Senior AssociateLead on cases, client management, trial experience.50% (Median)$97,610$46.9
Counsel / PartnerBusiness development, specialized high-stakes cases.75% (Senior)$133,188$64
Managing PartnerFirm leadership. Executive strategy.90% (Expert)$172,950$83.1

Detailed Legal Occupations Market Analysis

Relocation Context

Nominal Salary

$106,550

Gross Pay

Real Wage (Purchasing Power)

$106,550

Adjusted for COL (100)

The average annual salary of $106,550 in Fairbanks-College, AK, aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income locally is equivalent to the national standard, offering a stable financial standing.

Job Market Context

200

Total Jobs

5.524

Per 1K Jobs

0.67

Location Quotient

Below Average

Fairbanks-College, AK has 0.67x the national average concentration of Legal Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.67 for Legal Occupations in Fairbanks-College, AK, indicates that this profession is less prevalent compared to the national average. This suggests that while there might be fewer job opportunities overall, the demand could be more specific, potentially offering unique career paths for those with specialized legal skills.

Nearby Job Markets

Hiring Legal Occupationss?

Frequently Asked Questions

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

The median annual salary for a Legal Occupations in Fairbanks-College, AK is $106,550. This typically ranges from $54,600 for entry-level positions to $172,950 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fairbanks-College, AK is 25.7% lower than the national median of $143,370.

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

No, not compared to the national average.While the average salary of $106,550 is substantial, it falls significantly short of the national average of $143,370. However, the cost of living being at the national average means the purchasing power is comparable.

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

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

What is the average salary for Legal Occupations in Fairbanks-College, AK?

The average annual salary for Legal Occupations in Fairbanks-College, AK, is $106,550.

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

The average salary in Fairbanks-College, AK ($106,550) is lower than the national average of $143,370.

What is the Cost of Living Index in Fairbanks-College, AK?

The Cost of Living Index in Fairbanks-College, AK, is 100, which is the national average.

How concentrated are Legal Occupations in Fairbanks-College, AK?

Legal Occupations are less concentrated in Fairbanks-College, AK, with a Location Quotient of 0.67, meaning they are less common than the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Fairbanks-College, AK area with a job density of 5.524 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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