Is Fairbanks-Hillgrade a Good Place to Live?
Based on current data, Fairbanks-Hillgrade receives an overall livability score of 3.9 out of 5.0, earning a grade of B+. Key strengths include affordable housing, abundant sunshine, strong internet connectivity. Areas to be aware of include above-average unemployment, an elevated poverty rate. Fairbanks-Hillgrade offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Fairbanks-Hillgrade is $66,531, 11% below the national average of $75,149. The unemployment rate of 5.1% is somewhat elevated compared to the national rate of 3.6%. The poverty rate of 18.4% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 25 minutes.
Cost of Living & Housing
The median home value in Fairbanks-Hillgrade is $161,864, 43% below the national median — offering relatively affordable homeownership. Renters pay a median of $752 per month, below the national average — a plus for affordability. At just 2.4x median income, home prices are very affordable relative to local earnings.
Education
32.9% of residents hold a bachelor's degree, below the national average of 33.7%. 87.4% have completed high school.
Climate & Weather
Fairbanks-Hillgrade has a cool climate with an average annual temperature of 39°F. Winters average 20°F in January while summers reach 60°F in July. With 260 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 42.1 inches, including 20.4 inches of snow. Air quality is rated Good with a median AQI of 27.