Located in the state of Alaska, Fairbanks is a moderately-sized city with a population of 32,578 people. At 66%, the majority of the Fairbanks population is White; this is followed by 8% Black and 7% American Indian and Alaskan. If you are a young adult or student, you might be pleased to know that the average age of all Fairbanks residents is 28. If finding a family friendly city is important to you, look no further. With more than 73% of the population considered married and 51% with kids under the age of 18, Fairbanks could be considered a very suitable city for families.
Living in Fairbanks can be a fulfilling experience for anyone moving to the town. Having said that, in the state of Alaska, there are many desirable places to live, so choose wisely! Finding the best places to live in Fairbanks and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, weather, education, employment and other important metrics.
Fairbanks, AK receives 46 out of 100 for its livability score; this results in a ranking of #184 in Alaska and #29,021 in the USA. This is not a favorable rating; as this score ranks among some of the lowest in America. Living in Fairbanks may not be a pleasant experience. This city has also earned the dubious distinction of of being ranked among the bottom 10 percent of all US cities. Based on the rankings for each individual category, Fairbanks has been rewarded with high marks for amenities (A+). Fairbanks does not do well for the following: crime (F), cost of living (F), weather (F), education (F), employment (D) and housing (F). It might be a good idea to take a closer look at each category to find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Fairbanks on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the interesting things to do and attractions include: University of Alaska Museum of the North, Riverboat Discovery Tours, and Alaskaland - Pioneer Park.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Fairbanks. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Fairbanks are affordable. Median real estate prices in Fairbanks come in at $200,200, which is 22.1% lower than the Alaska average. The home price to income ratio compares the median home prices to the median household income. In Fairbanks, the home price to income ratio is 3.6, which is 2.9% higher than the Alaska average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Fairbanks will offer some insight into determining if your home purchase will be a solid investment for years to come. In Fairbanks, the year-over-year appreciation rates were 3.4%, and the 5 year appreciation rates came in at 0.7%.