Fairbanks Hourly Wage & Salary 2026
Fairbanks, AK: $29.71/hr median hourly wage, $61,810 median annual salary, cost of living index 120, and $11.73/hr minimum wage. Calculate take-home pay with federal and Alaska taxes.
Fairbanks Hourly Wage Quick Answer
The median hourly wage in Fairbanks, AK is $29.71/hr,and the median annual wage is $61,810. Entry-level pay estimates around $18.42/hr, senior-level pay estimates around $42.19/hr, and the local minimum wage is $11.73/hr.
Median figures: BLS OEWS May 2025, all occupations, Fairbanks-College, AK metropolitan statistical area (36,430 jobs). BLS publishes wages by metro area, not by city, so Fairbanks shares this figure with the rest of its metro. Entry and senior levels are Salario estimates.
Median Salary
$61,810
$29.71/hr
Cost of Living
120
US avg = 100
Minimum Wage
$11.73
per hour
Unemployment
5.2%
rate
Fairbanks, AK Overview
Population
32,515
Median Salary
$61,810
Average Salary
$73,460
Avg Commute
18 min
Median Home Price
$260,000
Median Rent
$1,250/mo
Job Growth
+0.3%
Sales Tax
0%
Fairbanks is located in Alaska with a population of 32,515. The median annual wage across all occupations is $61,810 ($29.71/hour, BLS OEWS May 2025, Fairbanks-College, AK metro), which is $10,830 above the national median of $50,980. The national median is the BLS OEWS May 2025 all-occupations median annual wage. The average commute time is 18 minutes, and the city has a job growth rate of +0.3%.
Fairbanks Salary by Experience Level (2026)
Wage distribution in Fairbanks, AK built around the $61,810 median salary (BLS OEWS May 2025, all occupations, Fairbanks-College, AK metro). Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile. The non-median rows are Salario estimates.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $38,322 | $18.42/hr | 0–2 years |
| Mid-Level (Median) | $61,810 | $29.71/hr | 3–7 years |
| Senior-Level | $87,770 | $42.19/hr | 8–15 years |
| Top 10% (90th Percentile) | $110,022 | $52.88/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) are Salario approximations of the typical all-occupations wage spread in BLS OEWS metro tables; only the median row is a published BLS value. Specific roles vary; see jobs by city for role-specific data.
Fairbanks Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Fairbanks, AK, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$51,844
$4,320.36/month · $1,994.01/biweekly · Effective Rate: 16.1%
Biweekly paycheck estimate: this salary equals about $1,994.01 take-home per paycheck after estimated Alaska and federal taxes. For the 26-paycheck formula, three-paycheck months, and withholding examples, see the Biweekly Paycheck Calculator.
Gross Pay
$61,810
Federal Tax
-$5,237
State Tax
$0
Local Tax
$0
FICA
-$4,728
Net Pay
$51,844
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,150.83 | $61,810.00 |
| Federal Income Tax | -$436.43 | -$5,237.20 |
| Alaska State Tax (0.00% eff.) | $0.00 | $0.00 |
| Social Security (6.2%) | -$319.35 | -$3,832.22 |
| Medicare (1.45%) | -$74.69 | -$896.25 |
| Net Take-Home Pay | $4,320.36 | $51,844.34 |
Salary Comparison: Fairbanks vs Other Cities
See how Fairbanks's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Fairbanks, AK | $61,810 | 120 | $51,508 |
| National Average | $50,980 | 100 | $50,980 |
| SeaTac, WA | $61,864 | 107.1 | $57,763 |
| Cheshire, CT | $61,689 | 109.9 | $56,132 |
| Olympia, WA | $61,960 | 108 | $57,370 |
| Lacey, WA | $61,960 | 113.3 | $54,687 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Fairbanks
Fairbanks's cost of living index is 120 (national average = 100). Living in Fairbanks is 20% more expensive than the national average.
Median Home Price
$260,000
Median Monthly Rent
$1,250
Annual Rent Cost
$15,000
Your Salary's Purchasing Power
Your $51,844 annual take-home pay in Fairbanks has the purchasing power of approximately $43,204 in an average-cost US area. You would need to earn $74,172 in Fairbanks to match a $61,810 salary in an average-cost city.
Top Industries in Fairbanks
Fairbanks's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $61,810.
Salary Tips for Fairbanks Workers
- No state income tax advantage. Alaska has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Fairbanks's top industries include Military, Education, Mining. Targeting roles in these sectors can help you earn above the $61,810 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Other Cities in Alaska
Methodology & Local Economy Data Sources
How we calculate Fairbanks salary data: The median annual wage, median hourly wage and mean wage are the official BLS OEWS May 2025 all-occupations values for the Fairbanks-College, AK metropolitan statistical area, retrieved from the BLS Public Data API on September 17, 2026. BLS does not publish city-level wages, so every city inside that metro shows the same figure. The entry/senior/top-10% rows, the paycheck estimate and the purchasing-power conversion are Salario calculations built on that median. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Fairbanks indexed at 120.
- Median salary: $61,810 annual, $29.71 hourly, BLS OEWS May 2025, all occupations, Fairbanks-College, AK MSA (36,430 jobs surveyed). Mean wage $73,460 (BLS). Salario's previous modeled median for Fairbanks was $65,200.
- Tax burden reflects Alaska 2026 state income tax brackets and standard deduction (top rate 0%) (no local income tax), sales tax (0%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Fairbanks: 5.2%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Military, Education, Mining, based on QCEW employment concentration data.
- Job growth: 0.3% projected through 2034, derived from BLS Employment Projections program for Alaska.
- Housing context: median home price $260,000, median rent $1,250/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Fairbanks, AK:
- BLS Occupational Employment and Wage Statistics (OEWS), metropolitan area salary data
- BLS Local Area Unemployment Statistics, Fairbanks unemployment rate
- U.S. Census Bureau, Fairbanks QuickFacts, population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW), county-level industry employment
- BLS Economy at a Glance, Alaska, state economic indicators
- U.S. Bureau of Economic Analysis (BEA), local GDP and personal income data
- BLS Consumer Price Index (CPI-U), regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Fairbanks's rapidly changing economy can shift these baselines, always verify with current job listings, employer offers, and recent Alaska labor market reports for the most current figures.
Reviewed by Harlan Voss · Last updated September 17, 2026 · Wage figures: BLS OEWS May 2025 release (published May 2026) · Census data current as of latest releases
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Frequently Asked Questions
What is the hourly wage in Fairbanks, AK?
The median hourly wage in Fairbanks, AK is $29.71 per hour, the BLS OEWS May 2025 median for all occupations in the Fairbanks-College, AK metropolitan area, and the BLS median annual wage is $61,810. Entry-level workers are estimated around $18.42/hr, while senior-level workers are estimated around $42.19/hr before overtime, bonuses, or benefits (Salario estimates, not BLS percentiles).
What is the median salary in Fairbanks, AK?
The median salary in Fairbanks, AK is $61,810 per year, or $29.71 per hour (BLS OEWS May 2025, all occupations, Fairbanks-College, AK metro area). The BLS mean salary is $73,460. This is $10,830 above the BLS national median of $50,980.
What is the cost of living in Fairbanks, AK?
Fairbanks's cost of living index is 120 (national average = 100), meaning it is 20% more expensive compared to the national average. The median home price is $260,000 and the median monthly rent is $1,250.
What are the best industries in Fairbanks?
The top industries in Fairbanks, AK include Military, Education, Mining. The city has a job growth rate of 0.3% and an unemployment rate of 5.2%. Workers in these industries often earn above the city's median salary of $61,810.
How does Fairbanks's salary compare to other cities?
Fairbanks's median salary of $61,810 is 21.2% above the national median of $50,980. However, when adjusted for cost of living (index: 120), the real purchasing power is approximately $51,508.
What is the minimum wage in Fairbanks, AK?
The minimum wage in Fairbanks, AK is $11.73 per hour. This equals approximately $24,398 per year for a full-time worker (40 hours/week). This is $4.48 above the federal minimum wage of $7.25/hour.