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Average Production Occupations Salary in Fairbanks-College, AK

In Fairbanks-College, Alaska, professionals in Production Occupations can expect an average annual salary of $64,670. This figure significantly surpasses the national average of $49,710, reflecting the unique economic landscape and potentially higher operational costs associated with working in Alaska. The demand for skilled labor in specialized industries within the region often drives these elevated compensation packages.

Executive Summary

  • Average Salary: $64,670 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $105,970.
  • Outlook: The local job market for Production Occupations in Fairbanks-College, AK, while not exceptionally concentrated with a Location Quotient of 0.39, still represents a notable segment of the workforce, with 22.316 jobs per 1,000 workers. The total local workforce of 800 individuals suggests a stable, albeit not rapidly expanding, demand for these roles, indicating a consistent need for skilled production professionals within the area.
2024 Market Data

Salary Overview

$64,670

The average Production Occupations in Fairbanks-College, AK earns+30.1%above the national average.

BreakdownBased on 40h/week
Hourly

$31.1

Weekly

$1,244

Monthly

$5,389

Production Occupations Salary Distribution in Fairbanks-College, AK

Career progression in Production Occupations within Fairbanks-College, AK, typically leads to substantial salary increases. Entry-level positions might start closer to the lower percentiles, while experienced technicians and supervisors can command salaries well into the higher percentiles. The gap between entry-level and senior roles signifies significant opportunities for advancement and increased earning potential as skills and responsibilities grow.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$35,360$17
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$48,503$23.3
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$59,090$28.4
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$80,838$38.9
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$105,970$50.9

Detailed Production Occupations Market Analysis

Relocation Context

Nominal Salary

$64,670

Gross Pay

Real Wage (Purchasing Power)

$64,670

Adjusted for COL (100)

The average annual salary of $64,670 in Fairbanks-College, AK, is particularly attractive given the local Cost of Living Index is exactly at the national average of 100. This means that the higher nominal salary translates directly into strong purchasing power, allowing residents to maintain a comparable standard of living to the national average without facing increased expenses.

Job Market Context

800

Total Jobs

22.316

Per 1K Jobs

0.39

Location Quotient

Low Concentration

At 0.39x, Fairbanks-College, AK has a notably lower concentration of Production Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.

With a Location Quotient of 0.39, Production Occupations are less concentrated in Fairbanks-College, AK, compared to the national average. This suggests that while there is a steady presence of these jobs, the market is not saturated, potentially offering good opportunities for skilled individuals entering the field. It indicates a moderate level of competition and a stable demand for specialized production talent.

Nearby Job Markets

Hiring Production Occupationss?

Frequently Asked Questions

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

The median annual salary for a Production Occupations in Fairbanks-College, AK is $64,670. This typically ranges from $35,360 for entry-level positions to $105,970 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fairbanks-College, AK is 30.1% higher than the national median of $49,710.

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

Yes, Fairbanks-College, AK offers a lucrative environment for Production Occupations.The average salary of $64,670 significantly exceeds the national average, and with a cost of living index at 100, your earnings hold strong purchasing power.

Is Fairbanks-College, AK a good place to live for Production 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 compare to the national average?

The average annual salary for Production Occupations in Fairbanks-College, AK is $64,670, which is considerably higher than the national average of $49,710.

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

The cost of living in Fairbanks-College, AK is on par with the national average, indicated by a Cost of Living Index of 100.

How many Production Occupations jobs are there per 1,000 workers in Fairbanks-College, AK?

There are approximately 22.316 jobs per 1,000 workers in Production Occupations in Fairbanks-College, AK.

Is the job market for Production Occupations highly concentrated in Fairbanks-College, AK?

No, the job market for Production Occupations is less concentrated than the national average, with a Location Quotient of 0.39.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 800 employees in the Fairbanks-College, AK area with a job density of 22.316 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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