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Fairbanks North Star Borough, Alaska Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Fairbanks North Star Borough, 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 North Star Borough, Alaska

12:00 A.M. TO 4:59 A.M.   : 765   (2.0%)
5:00 A.M. TO 5:29 A.M.   : 884   (2.3%)
5:30 A.M. TO 5:59 A.M.   : 2,061   (5.3%)
6:00 A.M. TO 6:29 A.M.   : 3,005   (7.7%)
6:30 A.M. TO 6:59 A.M.   : 4,179   (10.7%)
7:00 A.M. TO 7:29 A.M.   : 5,588   (14.3%)
7:30 A.M. TO 7:59 A.M.   : 7,030   (18.0%)
8:00 A.M. TO 8:29 A.M.   : 3,769   (9.7%)
8:30 A.M. TO 8:59 A.M.   : 2,117   (5.4%)
9:00 A.M. TO 9:59 A.M.   : 2,605   (6.7%)
10:00 A.M. TO 10:59 A.M.   : 1,204   (3.1%)
11:00 A.M. TO 11:59 A.M.   : 607   (1.6%)
12:00 P.M. TO 3:59 P.M.   : 2,353   (6.0%)
4:00 P.M. TO 11:59 P.M.   : 2,812   (7.2%)


(updated 2010)



Household Size By Vehicles Available
(Fairbanks North Star Borough, Alaska)

1-person household:

No vehicle available : 1,585

1 vehicle available : 5,603

2 vehicles available : 2,425

3 vehicles available : 630

4 or more vehicles available : 139

2-person household:

No vehicle available : 613

1 vehicle available : 2,751

2 vehicles available : 6,453

3 vehicles available : 1,828

4 or more vehicles available : 761

3-person household:

No vehicle available : 176

1 vehicle available : 1,258

2 vehicles available : 2,280

3 vehicles available : 1,122

4 or more vehicles available : 490

4-or-more-person household:

No vehicle available : 217

1 vehicle available : 1,441

2 vehicles available : 3,232

3 vehicles available : 1,584

4 or more vehicles available : 1,045


(updated 2013)



Household Size By Number Of Workers In Household
(Fairbanks North Star Borough, Alaska)

1-person household:

No workers : 3,941

1 worker : 6,441

2-person household:

No workers : 2,535

1 worker : 4,274

2 workers : 5,597

3-person household:

No workers : 377

1 worker : 1,872

2 workers : 2,404

3 workers : 673

4-or-more-person household:

No workers : 267

1 worker : 2,964

2 workers : 2,910

3 or more workers : 1,378


(updated 2013)



Means of Transportation To Work
(Fairbanks North Star Borough, Alaska)

Car, truck, or van:

Drove alone : 36,290

Carpooled:

In 2-person carpool : 5,911

In 3-person carpool : 1,095

In 4-person carpool : 145

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 31

Public transportation (excluding taxicab):

Bus or trolley bus : 876

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

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 13

Motorcycle : 262

Bicycle : 761

Walked : 1,874

Other means : 942

Worked at home : 2,019


(updated 2013)



Travel Time To Work
(Fairbanks North Star Borough, Alaska)

Less than 5 minutes : 1,540

5 to 9 minutes : 6,023

10 to 14 minutes : 9,592

15 to 19 minutes : 10,973

20 to 24 minutes : 9,442

25 to 29 minutes : 2,679

30 to 34 minutes : 4,405

35 to 39 minutes : 564

40 to 44 minutes : 491

45 to 59 minutes : 1,114

60 to 89 minutes : 479

90 or more minutes : 898


(updated 2013)



Occupations in Fairbanks North Star Borough, Alaska

Male:


  • Management, Professional, And Related Occupations: 5,958  (32.6%)
  • Service Occupations: 2,205  (12.1%)
  • Sales And Office Occupations: 2,750  (15.1%)
  • Farming, Fishing, And Forestry Occupations 80  (0.4%)
  • Construction, Extraction, And Maintenance Occupations: 4,481  (24.6%)

Female:


  • Management, Professional, And Related Occupations: 6,679  (39.3%)
  • Service Occupations: 3,185  (18.7%)
  • Sales And Office Occupations: 6,199  (36.4%)
  • Farming, Fishing, And Forestry Occupations 39  (0.2%)
  • Construction, Extraction, And Maintenance Occupations: 284  (1.7%)


(updated 2010)





Employment Rate In Fairbanks North Star Borough, Alaska

Employed: 42,303
Unemployed: 2,611



Minority Owned Firms of 100 or More in
Fairbanks North Star Borough, Alaska

  • Total Black-owned firms of 100 or more, percent 2002: 2.4%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 2.4%
  • Total Asian-owned firms of 100 or more, percent 2002: 2.2%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 2.1%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 35.1%
  • Other: 55.8%



Water Usage In Fairbanks North Star Borough, Alaska

Ground Water

 
Fresh 14.89 Mgal/d
Saline 0.00 Mgal/d

Total 14.89 Mgal/d
 

Surface Water

 
Fresh 28.42 Mgal/d
Saline 0.00 Mgal/d

Total 28.42 Mgal/d





There are 113 Farms In Fairbanks North Star Borough, Alaska


(updated 2008)



Banks In Fairbanks North Star Borough, Alaska

Wells Fargo Bank, National Association - 5 Branches


    Bank Assets: $7.1b
    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 - 4 Branches


    Bank Assets: $12.6m
    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 North Star Borough, Alaska

  • Ft. Wainwright AAF


    (about 1.9 miles in Fort Wainwright, Alaska; Airport Code: FBK)

  • Ladd AAF


    (about 1.9 miles in Fort Wainwright, Alaska; Airport Code: FBK)

  • Metro Field


    (about 5.7 miles in Fairbanks, Alaska; Airport Code: MTX)

  • Phillips Field


    (about 6.8 miles in Fairbanks, Alaska; Airport Code: PII)

  • Fairbanks International


    (about 8.7 miles in Fairbanks, Alaska; Airport Code: FAI)

  • Eielson AFB


    (about 17.4 miles in Eielson Afb, Alaska; Airport Code: EIL)

  • Blair Lake


    (about 32.0 miles in Coldfoot, Alaska; Airport Code: A01)

  • Blear Lake Airport


    (about 33.6 miles in Coldfoot, Alaska; Airport Code: A53)

  • Gold King Creek


    (about 44.2 miles in Coldfoot, Alaska; Airport Code: AK3)

  • Chena Hot Springs Airport


    (about 47.4 miles in Fairbanks, Alaska; Airport Code: CEX)

  • Nenana Municipal


    (about 48.5 miles in Nenana, Alaska; Airport Code: ENN)

  • Gold King 2 Airport


    (about 53.2 miles in Healy, Alaska; Airport Code: AK6)

  • Livengood Airport


    (about 56.7 miles in Fairbanks, Alaska; Airport Code: LIV)

  • Minto Airport


    (about 57.2 miles in Minto, Alaska; Airport Code: MNT)

  • Minto Al Wright


    (about 57.2 miles in Minto, Alaska; Airport Code: MNT)

  • Clear Mews


    (about 58.2 miles in Anderson, Alaska; Airport Code: CLF)

  • Eva Creek Airport


    (about 66.0 miles in Healy, Alaska; Airport Code: EVC)

  • Denali West Lodge Private


    (about 74.2 miles in Cantwell, Alaska; Airport Code: A84)

  • Usi Belli Coal Mine


    (about 75.1 miles in Healy, Alaska; Airport Code: USI)

  • Delta Junction Airport


    (about 76.6 miles in Delta Junction, Alaska; Airport Code: DJN)


(updated 2015)



Modes of Transportation in Fairbanks North Star Borough, Alaska

Car, Truck, Or Van:

 

Drove Alone

72.83%

Carpooled

16.78%

Public Transportation:

 

Bus Or Trolley Bus

0.53%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.03%

Ferryboat

0.0%

Taxicab

0.19%

Motorcycle

0.11%

Bicycle

0.73%

Walked

4.17%

Other Means

0.88%

Worked At Home

3.77%



(updated 2010)





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