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Fairbanks City, Alaska Economic Analysis

   (County: Fairbanks North Star Borough)

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Economic Analysis

People and the communities they live in depend on money. The people of Fairbanks City, Alaska need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Alaska

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.11 9.01 7.91 13.22 0.00 9.48
  Total Electric Industry 10.11 9.01 7.91 13.22 0.00 9.48
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.67 9.27 8.22 12.12 0.00 9.80
  Total Electric Industry 10.67 9.27 8.22 12.12 0.00 9.80
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.82 9.45 7.74 14.21 0.00 9.95
  Total Electric Industry 10.82 9.45 7.74 14.21 0.00 9.95
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.15 9.55 8.19 12.77 0.00 10.12
  Total Electric Industry 11.15 9.55 8.19 12.77 0.00 10.12
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.32 9.66 8.37 12.57 0.00 10.25
  Total Electric Industry 11.32 9.66 8.37 12.57 0.00 10.25
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.24 9.54 8.38 13.26 0.00 10.17
  Total Electric Industry 11.24 9.54 8.38 13.26 0.00 10.17
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.36 9.58 8.47 13.34 0.00 10.24
  Total Electric Industry 11.36 9.58 8.47 13.34 0.00 10.24
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.44 9.51 7.48 14.75 0.00 10.07
  Total Electric Industry 11.44 9.51 7.48 14.75 0.00 10.07
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.50 9.48 7.17 13.68 0.00 9.97
  Total Electric Industry 11.50 9.48 7.17 13.68 0.00 9.97
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.16 9.20 7.32 14.16 0.00 9.78
  Total Electric Industry 11.16 9.20 7.32 14.16 0.00 9.78
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.45 9.77 7.56 14.17 0.00 10.08
  Total Electric Industry 11.45 9.77 7.56 14.17 0.00 10.08
2001              
  Full-Service Providers 12.12 10.29 7.61 14.37 0.00 10.54
  Total Electric Industry 12.12 10.29 7.61 14.37 0.00 10.54
2002              
  Full-Service Providers 12.05 10.13 7.65 14.04 0.00 10.46
  Total Electric Industry 12.05 10.13 7.65 14.04 0.00 10.46
2003              
  Full-Service Providers 11.98 10.49 7.86 0.00 0.00 10.50
  Total Electric Industry 11.98 10.49 7.86 0.00 0.00 10.50
2004              
  Full-Service Providers 12.44 10.99 8.33 0.00 0.00 10.99
  Total Electric Industry 12.44 10.99 8.33 0.00 0.00 10.99
2005              
  Full-Service Providers 13.30 11.56 9.29 0.00 0.00 11.72
  Total Electric Industry 13.30 11.56 9.29 0.00 0.00 11.72
2006              
  Full-Service Providers 14.83 11.93 11.54 0.00 0.00 12.84
  Total Electric Industry 14.83 11.93 11.54 0.00 0.00 12.84

(updated 2006)



Time Leaving to Work in Fairbanks City, Alaska

12:00 A.M. TO 4:59 A.M.   : 253   (1.9%)
5:00 A.M. TO 5:29 A.M.   : 431   (3.2%)
5:30 A.M. TO 5:59 A.M.   : 1,199   (8.9%)
6:00 A.M. TO 6:29 A.M.   : 1,529   (11.4%)
6:30 A.M. TO 6:59 A.M.   : 925   (6.9%)
7:00 A.M. TO 7:29 A.M.   : 1,269   (9.4%)
7:30 A.M. TO 7:59 A.M.   : 2,460   (18.3%)
8:00 A.M. TO 8:29 A.M.   : 1,261   (9.4%)
8:30 A.M. TO 8:59 A.M.   : 819   (6.1%)
9:00 A.M. TO 9:59 A.M.   : 1,037   (7.7%)
10:00 A.M. TO 10:59 A.M.   : 516   (3.8%)
11:00 A.M. TO 11:59 A.M.   : 201   (1.5%)
12:00 P.M. TO 3:59 P.M.   : 697   (5.2%)
4:00 P.M. TO 11:59 P.M.   : 855   (6.4%)


(updated 2010)



Household Size By Vehicles Available
(Fairbanks City, Alaska)

1-person household:

No vehicle available : 860

1 vehicle available : 2,202

2 vehicles available : 396

3 vehicles available : 16

4 or more vehicles available : 44

2-person household:

No vehicle available : 361

1 vehicle available : 1,257

2 vehicles available : 1,243

3 vehicles available : 328

4 or more vehicles available : 202

3-person household:

No vehicle available : 167

1 vehicle available : 641

2 vehicles available : 732

3 vehicles available : 289

4 or more vehicles available : 22

4-or-more-person household:

No vehicle available : 77

1 vehicle available : 741

2 vehicles available : 1,194

3 vehicles available : 332

4 or more vehicles available : 132


(updated 2013)



Household Size By Number Of Workers In Household
(Fairbanks City, Alaska)

1-person household:

No workers : 1,542

1 worker : 1,976

2-person household:

No workers : 706

1 worker : 1,427

2 workers : 1,258

3-person household:

No workers : 199

1 worker : 637

2 workers : 881

3 workers : 134

4-or-more-person household:

No workers : 201

1 worker : 1,182

2 workers : 754

3 or more workers : 339


(updated 2013)



Means of Transportation To Work
(Fairbanks City, Alaska)

Car, truck, or van:

Drove alone : 10,247

Carpooled:

In 2-person carpool : 2,095

In 3-person carpool : 281

In 4-person carpool : 138

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 12

Public transportation (excluding taxicab):

Bus or trolley bus : 355

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 13

Motorcycle : 13

Bicycle : 310

Walked : 899

Other means : 260

Worked at home : 780


(updated 2013)



Travel Time To Work
(Fairbanks City, Alaska)

Less than 5 minutes : 959

5 to 9 minutes : 3,409

10 to 14 minutes : 4,740

15 to 19 minutes : 3,220

20 to 24 minutes : 1,150

25 to 29 minutes : 296

30 to 34 minutes : 336

35 to 39 minutes : 99

40 to 44 minutes : 51

45 to 59 minutes : 181

60 to 89 minutes : 56

90 or more minutes : 126


(updated 2013)



AM Radio Stations Near Fairbanks City, Alaska

  • KJNP (1170 AM; 50.0 kW; Fairbanks, AK; Owner: Evangelistic Alaska Missionary Fellowship, Inc.)
  • NEW (1300 AM; 1.0 kW; Fairbanks, AK; Owner: The Testamentary Trust For Ruth N. Sweeny)
  • NEW (1340 AM; 1.0 kW; Fairbanks, AK; Owner: Thomas Sweeney)
  • NEW (1340 AM; 1.0 kW; Fairbanks, AK; Owner: Voice For Christ Ministries, Inc)
  • KCBF (820 AM; 10.0 kW; Fairbanks, AK; Owner: New Northwest Broadcasters, Llc)
  • KFBX (970 AM; 10.0 kW; Fairbanks, AK; Owner: Capstar Tx Limited Partnership)

FM Radio Stations Near Fairbanks City, Alaska

  • KJNP-FM (100.3 FM; Ester, AK; Owner: Evangelistic Alaska Missionary Fellowship, Inc.)
  • KAKQ-FM (101.1 FM; Fairbanks, AK; Owner: Capstar Tx Limited Partnership)
  • KIAK-FM (102.5 FM; Fairbanks, AK; Owner: Capstar Tx Limited Partnership)
  • KTDZ (103.9 FM; Fairbanks, AK; Owner: New Northwest Broadcasters, Llc)
  • KKED (104.7 FM; Fairbanks, AK; Owner: Capstar Tx Limited Partnership)
  • NEW (88.1 FM; Ester, AK; Owner: University Of Alaska)
  • NEW (88.3 FM; Fairbanks, AK; Owner: Fairbanks Seventh-day Adventist Church)
  • NEW (88.3 FM; Fairbanks, AK; Owner: One Ministries, Inc.)
  • KLUU (88.7 FM; Fairbanks, AK; Owner: Educational Media Foundation)
  • NEW (88.7 FM; Ester, AK; Owner: Alaska Federation For Community Self Reliance)
  • NEW (89.1 FM; Ester, AK; Owner: Fairbanks Catholic Radio)
  • NEW (89.1 FM; Ester, AK; Owner: Koahnic Broadcast Corporation)
  • NEW (89.1 FM; Fairbanks, AK; Owner: One Ministries, Inc.)
  • NEW (89.5 FM; Eielson Afb, AK; Owner: Pioneer Baptist Church)
  • KUAC (89.9 FM; Ester, AK; Owner: University Of Alaska)
  • NEW (90.7 FM; Ester, AK; Owner: Alaska Educational Radio System, Inc.)
  • NEW (90.7 FM; Ester, AK; Owner: Educational Media Foundation)
  • KSUA (91.5 FM; Fairbanks, AK; Owner: University Of Alaska, On Behalf Of U Of Ak, Fairbanks)
  • KDJF (93.5 FM; Ester, AK; Owner: Tanana Valley Television Company)
  • KXLR (95.9 FM; Fairbanks, AK; Owner: New Northwest Broadcasters, Llc)
  • KYSC (96.9 FM; Ester, AK; Owner: Tanana Valley Radio, Llc)
  • KWLF (98.1 FM; Fairbanks, AK; Owner: New Northwest Broadcasters, Llc)

TV Broadcast Stations Near Fairbanks City, Alaska

  • KTVF (Channel 11; Fairbanks, AK; Owner: Newport Television Llc)
  • 960917KG (Channel 13; Fairbanks, AK; Owner: Jeremy Lansman & Carol Schatz,)
  • 960920LC (Channel 13; Fairbanks, AK; Owner: Tanana Valley Tv Company)
  • 960920YE (Channel 13; Ester, AK; Owner: Colina Alta Broadcasting, Llc)
  • 970331KQ (Channel 13; Ester, AK; Owner: Fairco Broadcasting)
  • 970331LK (Channel 13; Ester, AK; Owner: Kaleidoscope Foundation, Inc.)
  • KATN (Channel 2; Fairbanks, AK; Owner: Smith Media License Holdings, Llc)
  • KATN (Channel 2; Fairbanks, AK; Owner: Smith Media License Holdings, Llc)
  • KJNP-TV (Channel 4; Ester, AK; Owner: Evangelistic Alaska Missionary Fellowship, Inc.)
  • KFXF (Channel 7; Fairbanks, AK; Owner: Tanana Valley Television Company)
  • KUAC-TV (Channel 9; Fairbanks, AK; Owner: University Of Alaska)

(updated 2008)



Occupations in Fairbanks City, Alaska

Male:


  • Management, Professional, And Related Occupations: 1,543  (27.8%)
  • Service Occupations: 847  (15.3%)
  • Sales And Office Occupations: 1,005  (18.1%)
  • Farming, Fishing, And Forestry Occupations 34  (0.6%)
  • Construction, Extraction, And Maintenance Occupations: 1,300  (23.4%)

Female:


  • Management, Professional, And Related Occupations: 1,863  (33.0%)
  • Service Occupations: 1,234  (21.8%)
  • Sales And Office Occupations: 2,202  (39.0%)
  • Farming, Fishing, And Forestry Occupations 0  (0.0%)
  • Construction, Extraction, And Maintenance Occupations: 88  (1.6%)


(updated 2010)





There are 79 Farms In Fairbanks City, Alaska


(updated 2008)



Banks In Fairbanks City, Alaska

Wells Fargo Bank, National Association - 4 Branches


    Bank Assets: $5.7b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Mt. Mckinley Bank - 4 Branches


    Bank Assets: $1.3m
    Industry Specialization: Commercial Lending
    Total Offices: 5

Denali State Bank - 4 Branches


    Bank Assets: $1m
    Industry Specialization: Commercial Lending
    Total Offices: 5

First National Bank Alaska - 3 Branches


    Bank Assets: $9.4m
    Industry Specialization: Commercial Lending
    Total Offices: 30

Keybank National Association - 3 Branches


    Bank Assets: $267m
    Industry Specialization: Commercial Lending
    Total Offices: 1,026

Northrim Bank - 1 Branches


    Bank Assets: $1.3m
    Industry Specialization: Commercial Lending
    Total Offices: 15

(updated 2014)







Airports Near Fairbanks City, Alaska

  • Phillips Field


    (about 2.0 miles in Fairbanks, Alaska; Airport Code: PII)

  • Metro Field


    (about 2.3 miles in Fairbanks, Alaska; Airport Code: MTX)

  • Ladd AAF


    (about 3.3 miles in Fort Wainwright, Alaska; Airport Code: FBK)

  • Ft. Wainwright AAF


    (about 3.3 miles in Fort Wainwright, Alaska; Airport Code: FBK)

  • Fairbanks International


    (about 4.3 miles in Fairbanks, Alaska; Airport Code: FAI)

  • Eielson AFB


    (about 21.9 miles in Eielson Afb, Alaska; Airport Code: EIL)

  • Blair Lake


    (about 34.5 miles in Coldfoot, Alaska; Airport Code: A01)

  • Blear Lake Airport


    (about 35.5 miles in Coldfoot, Alaska; Airport Code: A53)

  • Gold King Creek


    (about 44.6 miles in Coldfoot, Alaska; Airport Code: AK3)

  • Nenana Municipal


    (about 44.9 miles in Nenana, Alaska; Airport Code: ENN)


(updated 2015)



Modes of Transportation in Fairbanks City, Alaska

Car, Truck, Or Van:

 

Drove Alone

67.02%

Carpooled

18.43%

Public Transportation:

 

Bus Or Trolley Bus

0.74%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.08%

Ferryboat

0.0%

Taxicab

0.52%

Motorcycle

0.18%

Bicycle

0.76%

Walked

6.38%

Other Means

1.09%

Worked At Home

4.82%



(updated 2010)





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