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Fairbanks North Star Borough, AK

Migration of people and income, 20222023 filing years

At a glance (2023)

Cost of living
101
1% above the U.S. average
Median home value
$282,500
national $303,400
Home prices, 5 years
+30.6%
over the 5 years to 2023
Monthly rent
$1,424
national $1,348
Homeownership
62%
national 65%
Unemployment
3.8%
national 3.6%
Household income
$84,722
national $78,538
Median age
32.4 yrs
national 38.7

Cost of living is the metro-area price level for Fairbanks-College, AK.

The cost of living runs about 1% above the national average. The median home is valued at $282,500 (nominal). Home prices have risen about 31% over the five years to 2023. Median rent is about $1,424 a month. Unemployment averaged 3.8% in 2023 (national 3.6%). Median household income is $84,722. These figures describe all residents, not just tax filers, come from separate sources than the migration data on this page, and do not indicate why anyone moved.

Between the 2022 and 2023 filing years, Fairbanks North Star Borough, AK saw a net loss of 528 tax-filing households and a net loss of 1,438 individuals. Against a population of about 94,840, that is a net outflow of about 15 per 1,000 residents. On net, the area lost $76.3M in associated adjusted gross income (AGI, nominal dollars). The largest inflow, about 169 households, came from Anchorage Municipality; the largest outflow, about 298 households, went to Anchorage Municipality. In the prior (2022) filing year, the area saw a net loss of 1,282 individuals. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
-$76.3M
nominal dollars
Net households
-528
tax returns
Net people
-1,438
exemptions

-15.2 net people per 1,000 residents (population 94,840)

Income (AGI) in and out

Moved in$200.7M
Moved out$277M
Net -$76.3M (nominal)
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Fairbanks North Star Borough within Alaska

Fairbanks North Star Borough is outlined, with arrows tracing its largest moves to and from other Alaska counties. Hover any county for its figures; click to open it.

Net outNet in(AGI $)
Hover an area to trace its top 5 inbound (in) and outbound (out) moves.
Net income (AGI) that moved in minus out, in nominal dollars (not adjusted for inflation).Net tax returns (filing households) that moved in minus out.Net people per 1,000 residents, so larger and smaller areas compare fairly.
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Churn by county · both directions at once

The biggest two-way exchanges of filing households, 20222023. Moved in and moved out are gross one-way counts; net is the difference. Click a column to sort.

Anchorage Municipality, AK169298-129-$11.2M
Matanuska-Susitna Borough, AK72117-45-$4.2M
El Paso County, CO6688-22-$1.6M
Maricopa County, AZ5783-26-$1.6M
Pierce County, WA4167-26-$703K
Clark County, NV3963-24-$1.4M
Bell County, TX5045+5-$409K
Yukon-Koyukuk Census Area, AK5736+21+$1.3M
Bexar County, TX3949-10-$813K
El Paso County, TX3057-27-$1.7M
Kenai Peninsula Borough, AK3646-10-$1.2M
Southeast Fairbanks Census Area, AK4329+14+$546K

Counts are filing households (IRS returns), matching the lists above; income is nominal AGI. A dash means the IRS published only one direction of that exchange (small flows are suppressed), so no net is computed.

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Net migration by year

Net 2012–2023: -$835.7M (-22,748 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012-$53.1M-1,206
2013-$78.4M-2,631
2014-$73.4M-2,517
2015-$17.3M-204
2016-$56.2M-1,275
2017-$135.6M-4,617
2018-$82.6M-2,483
2019-$73.4M-2,276
2020-$69.1M-1,979
2021-$40.3M-840
2022-$79.9M-1,282
2023-$76.3M-1,438
Migration in context

How big is this move, relative to the county?

In the 20222023 filing year, about 1,438 more people left Fairbanks North Star Borough, AK than moved in (counting tax filers and their dependents) — a net loss of about $76.3M in income (nominal) — in a county of 95,718 people.

Population
95,718
Census 2023 estimate
Net migration rate
-15.0
net people per 1,000 residents
A town of 10,000 would net about -150 people.
Net income per resident
−$797
nominal dollars
-$76.3M total across 95,718 residents.

The rate lets you compare Fairbanks North Star Borough, AK with a countyof any size: it’s the net flow divided by population. The IRS counts tax filers; population counts all residents, so read the rate as a scale indicator, not a literal share of people.

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Components of population change · 2023 (Census)

Where the county’s overall change came from. Census counts all residents; the IRS migration above is one slice of the domestic-migration component.

Births
+1,355
Deaths
-640
Net domestic migration
-1,186
Net international migration
+234
Total change
-236

Source: U.S. Census Bureau, Population Estimates Program. Figures are people, not tax filers.

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Income & cost of living

What a dollar is worth here

Prices around Fairbanks North Star Borough, AK run about 1% above the national average. In plain terms: $100 spent here buys about what $99 buys in the average American community. The figures below apply that to income, each compared to the U.S. average of $70,002 per person.

Income per person
$69,914
what people here earn (BEA 2023, nominal)
0% below the U.S. average
Price level
101.2
100 = U.S. average prices (BEA price parity)
everyday costs about 1.2% higher than average
What that income buys
$69,086
local income restated at U.S.-average prices
1% below the U.S. average
Cheaper than U.S. avgU.S. average (100)Pricier

Cost of living shown for the Fairbanks-College, AK metro area (BEA publishes price parities by metro, not by county).

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Where the cost comes from · price parity by category

Index where 100 = U.S. average for that category. Housing is usually what separates one place from another.

Housing & rents79.7
Goods104.5
Utilities120.6
Other services104.9

Housing is measured from rents (including an estimated rental value for owner-occupied homes), so a run-up in purchase prices shows here only as it reaches rents. Source: U.S. Bureau of Economic Analysis. Covers all residents, a separate universe from the IRS filer income above. How the data works.

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Who lives here

The people of Fairbanks North Star Borough, AK

American Community Survey, 2019–2023 (a 5-year average of all residents, not just tax filers).

Median age
32.4
years
Median household income
$84,722
per household (ACS 2019–2023, nominal)
8% above the U.S. median
College degree
34%
adults 25+ with a bachelor's or higher
Poverty rate
6.2%
residents below the poverty line
Average commute
20 min
mean travel time to work
Broadband at home
91%
households with any broadband
Race and ethnicity (share of residents)
White 67%Hispanic 8%Black 4%Asian 3%Other 18%

White, Black, and Asian counts are people who are not Hispanic or Latino; Hispanic or Latino can be of any race. Shares are rounded and may not total 100.

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Covers all residents, a separate universe from the IRS filer data. A 5-year estimate is an average over 2019–2023; compare years at least five apart, since consecutive windows overlap. How the data works.

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Housing · what it costs to live here (ACS 2019–2023)

Median home value
$282,500
owner-occupied homes
7% below the U.S. median
Median rent
$1,424
gross rent per month
6% above the U.S. median
Homeownership
62%
of occupied homes are owner-occupied
Home-price appreciation · FHFA index, 2023
Past year
+5.6%
price change, 2022 to 2023
Past 5 years
+31%
price change, 2018 to 2023

A repeat-sales index (how much the same homes changed in price), so it tracks the market over time rather than the current level. Source: Federal Housing Finance Agency, annual all-transactions HPI; the county series is FHFA’s developmental index.

New home construction · building permits, 2023
49new housing units authorized in 2023
Single-family 61%Multifamily 39%

Units authorized by residential building permits (new supply), summed from counties for the state and U.S. Permits are authorizations, not completions. Source: U.S. Census Bureau, Building Permits Survey.

Home value is what owners estimate their homes are worth, not recent sale prices. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2019–2023), nominal dollars. How the data works.

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Local economy & risk

Jobs and natural hazards

Unemployment rate
3.8%
BLS 2023 annual average
Labor force
45,143
43,418 employed
Disaster declarations
major federal, 2023

Sources: U.S. Bureau of Labor Statistics (LAUS) and FEMA. A disaster declaration marks federal assistance eligibility, not damage severity, and says nothing about why anyone moved. How the data works.

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Unemployment now
4.4%
April 2026 · ▲ 0.4 points vs April 2025
January 2024April 2026

Source: U.S. Bureau of Labor Statistics (LAUS). Monthly unemployment for this county, not seasonally adjusted. Updated every month, so it moves faster than the annual average above. How the data works.

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