Last updated: 2024 BLS data · Page refreshed:
Fairbanks has a population of 32,083 with a median age of 29.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 32,083 |
| Median Age | 29.0 |
| White | 57.7% |
| Black or African American | 8.4% |
| Asian | 4.2% |
| Hispanic or Latino | 11.3% |
| Other / Two or More Races | 18.4% |
The median household income in Fairbanks is $73,534, which is 8.8% below the national median of $80,610. The per capita income is $36,912. The poverty rate is 8.7%.
The unemployment rate in Fairbanks is 4.5%, compared to the national rate of 4.1%.
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In Fairbanks, 94.1% of residents age 25+ have a high school diploma or higher, and 26.2% hold a bachelor's degree or higher (8.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.1% |
| Bachelor's Degree or Higher | 26.2% |
| Graduate or Professional Degree | 8.1% |
The median home value in Fairbanks is $268,400, below the national median of $303,400. The median monthly rent is $1,496. The homeownership rate is 39.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $268,400 |
| Median Monthly Rent | $1,496 |
| Homeownership Rate | 39.8% |
| Vacancy Rate | 12.5% |
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