Fairbanks has a population of 32,496 with a median age of 28.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 32,496 |
| Median Age | 28.1 |
| White | 62.0% |
| Black or African American | 7.7% |
| Asian | 4.2% |
| Hispanic or Latino | 11.1% |
| Other / Two or More Races | 15.0% |
The median household income in Fairbanks is $69,914, which is 7.0% below the national median of $75,149. The per capita income is $34,820. The poverty rate is 9.7%.
The unemployment rate in Fairbanks is 7.0%, compared to the national rate of 5.4%.
In Fairbanks, 94.7% of residents age 25+ have a high school diploma or higher, and 26.5% hold a bachelor's degree or higher (9.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.7% |
| Bachelor's Degree or Higher | 26.5% |
| Graduate or Professional Degree | 9.2% |
The median home value in Fairbanks is $262,000, below the national median of $281,900. The median monthly rent is $1,404. The homeownership rate is 37.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $262,000 |
| Median Monthly Rent | $1,404 |
| Homeownership Rate | 37.6% |
| Vacancy Rate | 13.6% |
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