community research quarterly - Fairbanks North Star Borough

Transcription

Fairbanks
North
Star
Borough
Community Research Center
PO Box 71267
Fairbanks, Alaska 99707-1267
(907) 459-1000
COMMUNITY RESEARCH QUARTERLY
A Socio - Economic Review
Fall 2014
Volume XXXVII, No. 3
COMMUNITY RESEARCH CENTER
The Community Research Center is located on the second floor
of the Borough Administration Building
at 809 Pioneer Road.
Office and Research Library hours are Monday through Friday
8:00 a.m. to Noon and 1:00 p.m. to 5:00 p.m.
CITATION
Tabular and summary information contained herein may be reproduced without special permission. It is requested that any
information reproduced be cited as follows: Fairbanks North Star Borough, Community Research Center, Community Research
Quarterly, Vol. XXXVII, No. 3, 2014.
ACKNOWLEDGMENTS
The Community Research Center would like to thank the many persons, businesses, government agencies and organizations who
contributed to this report. FNSB has established a policy of equal opportunity in employment, service, programs and activities.
COVER PAGE
Fall scenes around the borough. Photos taken by Nancy Durham, Planner III of the Fairbanks North Star Borough, Department of
Community Planning.
FAIRBANKS NORTH STAR BOROUGH
COMMUNITY RESEARCH QUARTERLY
A Review of Socio - Economic Trends
Volume XXXVII, Number 3
Fall 2014
BOROUGH MAYOR
Luke Hopkins
COMMUNITY PLANNING DEPARTMENT
D. Christine Nelson, Director
COMMUNITY RESEARCH CENTER
Jennifer K. Nachtrieb, (ed.) Documentation Coordinator II
Fairbanks North Star Borough, Community Research Center
PO Box 71267, Fairbanks, Alaska 99707-1267
Phone: (907) 459-1212; e-mail: [email protected]
WEBSITE: http://co.fairbanks.ak.us/CommunityPlanning/CRC
© 2014
Table of Contents
Page
A Spotlight on Community Economic Trends
Fairbanks Economy at a Glance
Economic Indicators
Bank Deposit & Loan Summary
Bankruptcies Filed
Notices of Default
Foreclosures
Fairbanks International Airport Freight
Fairbanks International Airport Transit Freight
Fairbanks International Airport Revenue Landings
Fairbanks International Airport Passengers
Alaska Highway Statewide Entering Passengers
Alaska Highway Statewide Exiting Passengers
Alaska Highway Statewide Net Annual Migration Trends
Alaska Highway Statewide Net Monthly Migration
Hotel / Motel Room Receipts
Quarterly Hotel / Motel Room Receipts
Annual Hotel / Motel Room Receipts
University of Alaska Museum Visitors
Value of Agricultural Production, Tanana Valley
Employment
Civilian Labor Force Unemployment Rates
Average Monthly Employment Estimates by Sector
Average Monthly Employment Estimates by Industry
Annual Average Monthly Employment
Annual Average Monthly Employment by Industry
Annual Average Monthly Wage by Industry
Quarterly Census of Employment and Wages by Industry
Housing
Apartment/Multi-Plex Vacancy Rates
Rental Housing Units Available
Average Monthly Rents for Available Housing Units
Residential Housing Sales
Annual Average Residential Housing Sales
New Structures Annual Report
a
Fall 2014
NEW
i-iv
1-2
3-16
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4
5
6
7
8
9
10
11
11
12
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13
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14
15
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17-23
17-18
18
19
20
21
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24-29
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Community Research Quarterly
Table of Contents
Page
Cost of Living
C2ER Cost of Living Index
Consumer Price Index-U for All Items
Consumer Price Index-U (Anchorage)
Consumer Price Index-U for All Items (U.S. City Average)
Cost of Food at Home for a Week
Natural Gas Customers and Rates
Heating Oil Prices
Residential Heating Fuel Comparison
Comparison Pricer Per 100,000 BTU's of Useful Heat
Average Self-service Unleaded Gasoline Prices
Population & Social Conditions
Population Counts & Estimates
Military Population
Alaska Temporary Assistance Program (ATAP)
Adult Public Assistance
Food Stamps
General Relief
Registered Voters by Affiliation
Annual Registered Voters by Party Affiliation
30-37
30-31
31
32
32
33
34
35
36
36
37
38-45
38
39
40
41
42
43
44
45
NOTE FROM THE EDITOR:
If you have a change in your address information and wish to continue to receive the hard copy of the
Community Research Quarterly please advise this office as soon as possible so the database can be altered
before the next mailing. In an effort to conserve on postage costs, if your issue of the Community Research
Quarterly is returned for any reason, we will not attempt to resend. Thank you for your cooperation.
Fall 2014
b
A SPOTLIGHT
ON
COMMUNITY ECONOMIC TRENDS
THIS PAGE INTENTIONALLY BLANK
SPOTLIGHT SOURCE: Business Outlook Positive Amid Oil Price Drop, By Elwood
Brehmer, Alaska Journal of Commerce, Decembere 4, 2014. Elwood Brehmer can be
reached at [email protected].
Read more at the Alaska Journal of Commerce website: http://www.alaskajournal.com.
i
Fall 2014
Business outlook positive amid
oil price drop
By Elwood Brehmer, Alaska Journal of Commerce
Published: 2014.12.04 09:26 AM
“Slow and steady” was the motto for most of Alaska’s banks and credit unions in the third quarter.
Total assets grew 3 percent combined at five of the major state banks for the quarter. Similar asset
growth was 5.9 percent year-over-year.
Northrim Bank had the largest year-over-year asset growth at 20.6 percent, following its acquisition
of Juneau-based Alaska Pacific Bank.
With 2.8 percent growth in the third quarter, First National Bank Alaska assets grew to more than
$3.2 billion.
All of the state’s major credit unions also saw year-over-year asset growth for the quarter as well.
The largest percentage increase was at Denali Alaskan Federal Credit Union with an 8.7 percent
asset expansion.
Net income results were mixed compared to the second quarter but positive year-over-year at the
banks. FNBA pushed its third quarter income to more than $9.3 million, an 11.5 percent increase
quarter-to-quarter and had a 12.2 percent increase year-over-year.
Northrim saw its income decline 9.6 percent from earlier in the year but achieved 16.6 percent
income growth from the third quarter of last year.
Fairbanks institutions Mt. McKinley Bank and Denali State Bank saw income growth on both
comparisons.
Mt. McKinley CEO Craig Ingham has a positive outlook on the year overall.
“We’re projecting for 2014 to have a better year on net income after tax, but very comparable to last
year,” Ingham said.
The mixed results also extended to the credit unions. Alaska USA Federal Credit Union had a 28.7
percent decline in year-to-date income, while Credit Union 1 grew its net earnings more than 35
percent. The most significant increase was at Juneau’s True North Federal Credit Union, which had
a 41.1 percent increase in income.
Loan activity picked up slightly from the second quarter when businesses around the state waited for
voters to settle the oil tax debate in August.
Wells Fargo Alaska Regional Business Banking Manager Darren Franz said his company’s state
portfolio will likely end up growing about $80 million when all of the third quarter loans are funded.
Alaska Journal of Commerce
Fall 2014
ii
“We’re still hanging in there at about $1.8 billion in commitments,” Franz said.
While the retention of Senate Bill 21’s oil tax structure was generally viewed as positive in the
business community, he said there is always a lag in investment, which occurred in the third quarter.
Franz said he expects to see more investment by the first quarter of 2015.
Loan portfolios grew year-over-year at nine of 10 major state banks and credit unions, with an 8.1
percent decline at Denali State Bank being the lone outlier.
The number of small business loans increased at Wells Fargo, Franz said, and deposits did too.
“We continue to see deposits coming in so that’s an indicator to us that companies in Alaska are
definitely operating increasingly more profitably,” he said.
He attributed the deposit growth to an overall conservative business climate lingering from the
financial crash of 2008-09.
“We had a bunch of people keeping a bunch of dry powder in the bank waiting to see how Senate
Bill 21 would go and we’re over that,” Franz said. “All of a sudden we’re worried about how this
political race might go; now we’re over that and all of a sudden oil prices are throwing the state in
some red operations probably.”
Past due loan totals — those up to 90 days late — decreased 7.7 percent overall at Alaska banks
quarter to quarter, but grew about 50 percent at Mt. McKinley and Denali State Bank.
Ingham said there is some seasonality to late loan payments and that while the percentage
increased sharply it was not significant in terms of total dollars. The past due total at Mt. McKinley
increased about $600,000 in the third quarter.
“Some of the people that are past due when they get their PFD (checks) or whatever, they bring it
current,” he said.
According to Franz, Alaska’s economic climate should remain strong for the near term despite
Alaska North Slope oil prices approaching $70 per barrel.
“I continue to maintain I would rather be a banker with Wells Fargo here in the great state of Alaska
than anywhere else in the world right now for a lot of reasons, but for one its pretty fun,” Franz said.
“Things are moving forward and (are) a lot better than a lot of other places.”
In Fairbanks Ingham said the bright side of low oil prices is the hope that the community could see a
“pass through” that would lower heating oil prices for the winter.
iii
Fall 2014
Alaska Journal of Commerce
THIS PAGE INTENTIONALLY BLANK
Fall 2014
iv
ECONOMY AT-A-GLANCE
Fairbanks North Star Borough
Economic Indicator
Reporting Period
BANKING
Total Bank Deposits (millions of $)
Total Bank Loans (millions of $)
BANKRUPTCIES
Business
Non-Business
TRANSPORTATION
Fairbanks International Airport
Incoming Freight (thousands of lbs.)
Outgoing Freight (thousands of lbs.)
Transit Freight (thousands of lbs.)
Revenue Landings
Incoming Passengers
Outgoing Passengers
Alaska Highway (statewide)
Entering Passengers
Exiting Passengers
EMPLOYMENT
Total Employment
Mining and Logging
Construction
Manufacturing
Trade/Transportation/Utilities.
Information
Financial Activities
Professional & Business Services
Education & Health Services
Leisure & Hospitality
Other Services
Government
3rd Qtr '14
One Period
Ago
% Change
from
2nd Qtr. '14
One Year
Ago
% Change
from
3rd Qtr. '13
$1,075.3
$663.1
1.0%
0.8%
1.0%
-1.0%
1
20
42.9%
53.8%
2,315
9,455
332
7,412
162,771
163,803
30.8%
3.8%
14.5%
21.9%
24.9%
30.9%
1.0%
-8.0%
-34.3%
1.7%
5.2%
2.8%
41,721
47,532
22.8%
129.2%
-15.4%
-5.1%
40,600
1,800
3,400
600
8,600
500
1,300
2,300
5,400
4,600
1,200
11,000
3.0%
12.5%
30.8%
0.0%
2.4%
0.0%
0.0%
9.5%
0.0%
7.0%
0.0%
-4.3%
-2.4%
-10.0%
-2.9%
0.0%
1.2%
0.0%
0.0%
-20.7%
0.0%
0.0%
-7.7%
-0.9%
Current Data Period
NOTE: Employment numbers rounded to nearest 100.
1
Fall 2014
Fairbanks Economy at a Glance
(continued)
Economic Indicator
Reporting Period (annual/by qtr.)
CONSTRUCTION
New Structures Annual Report (2013)
Reporting Period (annual/by qtr.)
REAL ESTATE
Single Family Houses
Number Sold
Average Price
RENTALS
Residential Rentals
Rental Units Advertised
Average Rent (2 bdrm. apartment)
MILITARY
Military Active Duty Personnel (FFY4)
Military Dependents (FFY4)
POPULATION++
FNSB (Census annual)*
City of Fairbanks* (annual)
City of North Pole* (annual)
FNSB (DCCED annual)^
FNSB (ADOL annual)**
City of Fairbanks** (annual)
City of North Pole** (annual)
Current Data Period
One Period
Ago
One Year
Ago
Annual
255
-
-23.4%
3rd Qtr. '14
2nd Qtr. '14
3rd Qtr. '13
289
$223,477
11.2%
1.5%
6.3%
-2.7%
747
$1,197
15.5%
-0.3%
26.0%
-1.5%
7,705
11,039
-1.0%
-1.3%
-7.6%
-7.1%
100,436
32,324
2,214
99,632
99,632
32,204
2,209
-
0.2%
0.9%
2.8%
-0.7%
-0.7%
0.4%
2.2%
SOURCE: (1) U.S. Census Bureau, Population Division, July 1st estimates. 2013 Population Estimates. PEPANNRES Table:
Annual Estimates of the Resident Population for Counties of Alaska: April 1, 2010 to July 1, 2013, also Table: Annual Estimates of
the Resident Population in Alaska: now known as *Intercensal Estimates of the Resident Population for Incorporated Places and
Minor Civil Divisions: April 1, 2000 to July 1, 2013, May 2014. Geographic change notes defined at: http://www.census.gov.
(2) Alaska Department of Labor and Workforce Development, Research and Analysis Section; and US Census Bureau.
Alaska Population Estimates by Borough, Census Area, City and Census Designated Place (CDP), 2010-2013, Vintage 2013 ^, and
Alaska Population Estimates by Borough, Census Area, City and Census Designated Place (CDP), 2010-2013, Vintage 2013 ^. All
numbers are based on 2010 Census geography. ADOL website: http://laborstats.alaska.gov, February 2014.
(3) Alaska Department of Commerce, Community and Economic Development (DCCED), Division of Community and
Regional Affairs, 2013 Commissioner Certified Estimates, January 15, 2013. DCCED Certified numbers may vary from ADOL
population estimates as a result of the Population Estimate Appeal process available to incorporated communities on a yearly basis,
as well as annual revisions by ADOL. Once certified, DCCED numbers may be applied for two consecutive calendar years.
DCCED website: http://www.commerce.state.ak.us/dca/commdb/CF_COMDB.htm.
NOTE:
The FNSB numbers include population for all communities within the Borough plus Fort Wainwright Army Base and
Eielson Air Force Base.
**
U.S. Census and ADOL estimated numbers may be revised annually.
Fall 2014
2
ECONOMIC INDICATORS
BANK DEPOSIT & LOAN SUMMARY
2007-2014, End of Quarter
100.0
90.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
Loan-to-Deposit Ratio
1 2 3 4
1 2 3 4
1 2 3 4
1 2 3 4
1 2 3 4
1 2 3 4
1 2 3 4
2007
2008
2009
2010
2011
2012
2013
1 2 3
2014
BANK DEPOSIT & LOAN SUMMARY
2007-2014
2007
2008*
2009
2010
2011
2012
2013
2014
Deposits
March 31
June 30*
Sept. 30
Dec. 31
-------------------------------------------Millions of Dollars---------------------------------------------------$699.9
$751.1
$786.9
$873.8
$938.3
$957.0 $1,007.8 $1,063.7
$731.2
$754.6
$826.9
$889.4
$929.3
$983.6 $1,023.2 $1,064.6
$752.7
$807.4
$847.0
$927.1
$966.3 $1,021.4 $1,064.8 $1,075.3
$762.1
$782.3
$887.0
$949.2
$960.3 $1,014.6 $1,073.7
Loans
-------------------------------------------Millions of Dollars---------------------------------------------------$610.5
$629.1
$685.4
$660.0
$646.9
$619.5
$675.3
$655.9
$650.9
$653.7
$701.4
$674.4
$651.6
$644.7
$681.8
$657.7
$659.8
$662.9
$669.0
$656.0
$636.1
$685.6
$669.8
$663.1
$634.6
$673.0
$667.6
$676.0
$636.7
$679.1
$662.8
March 31^
June 30*
Sept. 30
Dec. 31*
SOURCE: Denali State Bank, First National Bank of Alaska, Mt. McKinley Bank, Northrim Bank, Wells Fargo Bank Alaska, N.A. (local
branches), personal communications 2007-2014.
*
Adjustment made to data entered March-June 2008 in October 2008.
^
Calculation adjusted loan value only, November 2007.
3
Fall 2014
Economic Indicators
TOTAL BANKRUPTCIES FILED
Alaska Fourth Judicial District, Fairbanks Office
2007-2013
200
150
100
Combined Bankruptcies
50
2013
2012
2011
2010
2009
2008
2007
0
BANKRUPTCIES FILED
Alaska Fourth Judicial District, Fairbanks Office
2007-2014
2007
2008
2009
2010*
2011*
2012*
2013*^
2014*
20
25
21
32
98
20
22
41
40
123
31
54
42
48
175
38
39
38
33
148
40
37
35
33
145
24
26
31
20
101
28
26
13
8
75
14
14
20
9%
26%
42%
-15%
-2%
-30%
-26%
3
9
8
4
24
6
6
7
2
21
0
2
2
2
6
1
1
0
0
2
0
1
0
0
1
0
0
0
1
1
0
0
2
2
4
41%
-13%
-71%
-67%
-50%
0%
300%
122
144
181
150
146
102
79
Nonbusiness
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total
% Change from
Previous Year
Business
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total
% Change from
Previous Year
Combined
Annual Total
2
0
1
SOURCE: U.S. Courts website: http://www.akb.uscourts.gov, and personal communications with FNSB Collections Department, 2007-2014.
NOTE:
Revised formulas and chart, November 18, 2013.
Beginning in January 2009 the U.S. Bankruptcy Court changed the way they report bankruptcy cases. Due to staffing changes the
information is no longer individually entered. They now use the nationwide formatting which does not sort business and non-business categories.
FNSB will research the cases reported in effort to separate the two categories.
*
Beginning First Quarter 2010 bankruptcy records reflect refined research documenting through FNSB Collections Department who
utilizes PACER (Public Access To Court Electronic Records).
^
3rd Quarter 2013 numbers were changed to remove count of bankruptcy appeal case and correct a miscount in business cases.
Fall 2014
4
Economic Indicators
NOTICES OF DEFAULT
Fairbanks Recording District*
2008-2014 ^
January
February
March
April
May
June
July
August
September
October
November
December
Total
2008
2009
2010
2011
2012
2013
2014
21
17
16
16
25
27
25
20
27
27
14
25
20
32
26
21
18
18
34
26
20
16
16
24
20
26
15
21
25
30
22
23
26
19
11
14
14
33
27
22
15
18
13
25
21
12
14
20
8
20
25
14
26
24
23
22
27
21
12
12
30
20
13
16
18
16
25
24
17
19
19
33
29
18
12
17
17
29
15
15
18
260
271
252
234
234
250
% Change
2013-14
-3%
-10%
-8%
6%
-6%
81%
-40%
-38%
6%
SOURCE: Recorder's Office, Alaska Department of Natural Resources website: http://www.dnr.alaska.gov, 2008-2014.
NOTE:
Notices of default indicate the terms of a Deed of Trust or Mortgage have been breached, i.e. delinquency of payments. The
notices need not result in foreclosures because deficiencies can be corrected. There can be multiple notices if a default is corrected but the Deed
of Trust or Mortgage terms are breached again in the future. A single notice can be for more than one parcel. Notices are tabulated by date of
initiation.
^
Current data supersedes previous figures reported. The data presented only reflects the number of notice of defaults that have
been recorded and does not reflect any effect of amendments, modifications or terminations of notice of defaults. Please contact the
Community Research Center for any additional questions.
*
Fairbanks Recording District includes (bolded communities may reside in the FNSB) A.G.M.(Camp); Alaska Lodge; Alatna;
Alder Creek; Alder Creek Camp; Alexanders Village; Allakaket; Amy Creek; Arctic City (Aband); Aurora Lodge; Barlett; P.O. (Ester);
Bear Paw; Bearman Cabin; Beaver; Beaver Cr. Yukon; Bend S.C.; Berry; Berry Camp; Bettles; Bettles Field (Evansville); Biedermans Camp;
Big Delta; Big Horn; Big Lake; Birch Creek; Black Jack Cabin; Bonanza; Bonanza Bar; Boundary; Burnt Paw; Cache; Canyon Creek Camp;
Canyon Vil; Caribou; Caribou Bar; Caro; Cathedral Bluffs; Cathedral Rapids; Central; Chalkyitsik; Chandalar; Chapman; Chatanika; Chena;
Chena Hot Springs; Chicken; Chisana; Christian; Circle; Circle Hot Springs; Cleary Summit; Coal Creek; Cold Foot; College;
Crooked Creek; Dahten; Dall; Dalton; Delta Junction; Demarcation Pt; Diamond; Dome; Dome Creek; Donnelly; Doran; Dot Lake; Eagle;
Eagle Creek; Eagle Village; Eielson Air Force Base; Ester (Bartlett; P.O.); Evansville (Bettles Field); Fairbanks; Fairbanks Creek Camp;
Fiftysix Mile Cabin; Fish Camp; Fishook; Flume Creek; Fort Greely; Fort Hamlin; Fort Wainwright; Fort Yukon; FortyMile R.H. (Tetlin Junction); Fortysix Mile Cabin; Fossil Cr. S.C.; Fox; Franklin; Glacier; Glacier (Mine); Gold Bench; Goldstream; Graehl;
Healy Lake; Heinie Creek; Henshaw Cabin; Horsfeld ; Jack Wade; Joe Ward Camp; John Herbert Village; Johnnie Frog Cabin; Johnson River;
Joseph; Kantishna; Kochumstuk; Lake Harding Store; Lake Minchumina; Larson Cabin; Liberty; Lilywig Creek; Livengood; Log Cabin Inn;
Mansfield Village; Martin; McCallum; Miller House; Millers Camp (Aband); Millers R.H.; Montana Creek Camp; Moose Creek;
Mudbank Cabin; Murphy Dome; Muskeg; Myrtle Creek; Nabesna; Nabesna Village; Nation (Aband); Ninemile Cabin; Nineteen Mile; Nolan;
North Pole; North Slope; Northway; Northway Junction; Old Camp; Old Rampart; Old Saulich; Olnes; Oscars Cabin; Poker Creek; Yukon
Post & Scoby; Richardson; Riverside; Roosevelt; Salcha; Salchakat; Salmon; Salmon River; Sam Creek; Saulich; Scottie Creek; Seventeen
mile; Shaw Creek Lodge; Shuman House; Silver Fox R.H.; Sixtymile (Glacier P.O.) Yukon; Sourdough Camp; South Fork; Standard;
Steele Creek; Stephens (Stevens); Swede Boys Camp; Tanacross; Ten Mile; Tenderfoot; Tetlin; Tetlin Jct; Thirtysix Mile; Cabin
Tok (Junction); Toklat; Tolovana; Tramway Bar; Tsukon Cabin; Twentyfour Mile Cabin; Twentytwo Mile Village; Two Rivers;
United States Camp; Venetie; Venetie Landing; Wallen; West Fork (Aband); White Eye; Wild Lake; Willow House; Wiseman;
Woodchopper (Aband); Woodchopper Creek.
5
Fall 2014
Economic Indicators
FORECLOSURES
Fairbanks Recording District*
2008-2014 ^
January
February
March
April
May
June
July
August
September
October
November
December
Total
2008
2009
2010
2011
2012
2013
2014
5
9
6
7
10
10
5
8
11
14
4
13
12
20
16
14
12
13
20
10
14
20
15
15
15
12
13
14
13
10
13
16
21
13
10
15
11
10
10
14
7
15
12
12
11
9
19
14
14
11
18
9
18
10
17
12
8
9
18
18
19
9
7
22
14
6
22
25
13
27
16
13
21
6
24
13
13
19
20
16
18
102
181
165
144
162
193
% Change
2013-14
11%
-33%
243%
-41%
-7%
217%
-9%
-36%
38%
SOURCE: Recorder's Office, Alaska Department of Natural Resources website: http://www.dnr.alaska.gov, 2008-2014.
NOTE:
Foreclosures in this table indicate the loss of property by a borrower as a result of an Affidavit of Foreclosure, Deed in Lieu of
Foreclosure, Relinquishment, Trustee Deed, or Judicial Deed of Foreclosure. More than a single parcel may be affected by the foreclosure.
^
Current data supersedes previous figures reported.
*
Fairbanks Recording District includes (bolded communities may reside in the FNSB) A.G.M.(Camp); Alaska Lodge; Alatna;
Alder Creek; Alder Creek Camp; Alexanders Village; Allakaket; Amy Creek; Arctic City (Aband); Aurora Lodge; Barlett; P.O. (Ester);
Bear Paw; Bearman Cabin; Beaver; Beaver Cr. Yukon; Bend S.C.; Berry; Berry Camp; Bettles; Bettles Field (Evansville); Biedermans Camp;
Big Delta; Big Horn; Big Lake; Birch Creek; Black Jack Cabin; Bonanza; Bonanza Bar; Boundary; Burnt Paw; Cache; Canyon Creek Camp;
Canyon Vil; Caribou; Caribou Bar; Caro; Cathedral Bluffs; Cathedral Rapids; Central; Chalkyitsik; Chandalar; Chapman; Chatanika;
Chena; Chena Hot Springs; Chicken; Chisana; Christian; Circle; Circle Hot Springs; Cleary Summit; Coal Creek; Cold Foot; College;
Crooked Creek; Dahten; Dall; Dalton; Delta Junction; Demarcation Pt; Diamond; Dome; Dome Creek; Donnelly; Doran; Dot Lake; Eagle;
Eagle Creek; Eagle Village; Eielson Air Force Base; Ester (Bartlett; P.O.); Evansville (Bettles Field); Fairbanks;
Fairbanks Creek Camp; Fiftysix Mile Cabin; Fish Camp; Fishook; Flume Creek; Fort Greely; Fort Hamlin; Fort Wainwright;
Fort Yukon; Forty-Mile R.H. (Tetlin Junction); Fortysix Mile Cabin; Fossil Cr. S.C.; Fox; Franklin; Glacier; Glacier (Mine); Gold Bench;
Goldstream; Graehl; Healy Lake; Heinie Creek; Henshaw Cabin; Horsfeld ; Jack Wade; Joe Ward Camp; John Herbert Village;
Johnnie Frog Cabin; Johnson River; Joseph; Kantishna; Kochumstuk; Lake Harding Store; Lake Minchumina; Larson Cabin; Liberty;
Lilywig Creek; Livengood; Log Cabin Inn; Mansfield Village; Martin; McCallum; Miller House; Millers Camp (Aband); Millers R.H.;
Montana Creek Camp; Moose Creek; Mudbank Cabin; Murphy Dome; Muskeg; Myrtle Creek; Nabesna; Nabesna Village; Nation (Aband);
Ninemile Cabin; Nineteen Mile; Nolan; North Pole; North Slope; Northway; Northway Junction; Old Camp; Old Rampart; Old Saulich;
Olnes; Oscars Cabin; Poker Creek; Yukon Post & Scoby; Richardson; Riverside; Roosevelt; Salcha; Salchakat; Salmon; Salmon River;
Sam Creek; Saulich; Scottie Creek; Seventeen mile; Shaw Creek Lodge; Shuman House; Silver Fox R.H.; Sixtymile (Glacier P.O.) Yukon;
Sourdough Camp; South Fork; Standard; Steele Creek; Stephens (Stevens); Swede Boys Camp; Tanacross; Ten Mile; Tenderfoot; Tetlin;
Tetlin Jct; Thirtysix Mile; Cabin Tok (Junction); Toklat; Tolovana; Tramway Bar; Tsukon Cabin; Twentyfour Mile Cabin;
Twentytwo Mile Village; Two Rivers; United States Camp; Venetie; Venetie Landing; Wallen; West Fork (Aband); White Eye; Wild Lake;
Willow House; Wiseman; Woodchopper (Aband); Woodchopper Creek.
Fall 2014
6
Economic Indicators
FAIRBANKS INTERNATIONAL AIRPORT FREIGHT*
2008-2014
2008
Incoming
January
February
March
April
May
June
July
August
September
October
November
December
Total
Outgoing
January
February
March
April
May
June
July
August
September
October
November
December
Total
2009
2010
2011
2012
2013
2014
-------------------------------------Thousands of Pounds-----------------------------------------710
616
477
1,007
307
449
418
724
647
482
459
500
425
467
802
6,189
637
1,120
587
470
554
879
627
739
597
557
618
604
914
657
1,752
652
680
622
649
1,557
633
1,810
615
663
600
517
983
658
709
678
698
728
841
1,045
673
754
716
759
814
759
1,035
706
857
803
707
750
715
930
947
611
637
699
635
714
529
574
524
574
460
552
529
501
539
599
425
10,845
13,411
9,903
8,347
7,330
36,872
33,916
33,565
38,154
-7%
10%
18%
-2%
4%
-14%
16%
-7%
-5%
6,996
-------------------------------------Thousands of Pounds-----------------------------------------2,182
1,806
2,189
2,883
2,666
1,871
2,205
2,681
2,257
2,760
1,539
2,590
2,365
2,561
2,677
5,667
3,191
2,776
2,721
1,394
2,578
2,935
3,216
2,929
2,482
2,670
2,781
2,711
3,077
2,836
1,863
2,587
4,112
3,162
3,421
3,126
3,188
2,511
3,340
3,574
3,740
2,973
3,595
3,624
3,600
3,017
3,830
3,658
3,268
2,930
3,513
3,402
3,650
3,956
3,619
3,057
2,768
3,202
3,652
3,233
4,143
3,003
3,130
3,407
2,951
3,023
2,660
2,857
3,043
2,479
2,595
2,254
2,623
2,310
1,982
2,866
2,017
2,542
2,775
2,725
2,203
34,723
% Change
2013-14
18%
8%
85%
-3%
8%
-21%
-11%
-16%
4%
32,821
SOURCE: Alaska Department of Transportation and Public Facilities, Fairbanks International Airport, "Fairbanks International Airport
Statistical Report", 2008-2014.
NOTE:
UPS made a sizeable stop in March 2009. Everts Air Fuel notable stop in May-June 2010. Sizeable stop by a domestic carrier in
January 2011. Kalitta Air stopped at FAI March 2011. Frontier Flying Service, Lynden Air Cargo, and Tatonduk Outifitters boosted numbers
in May 2012.
*
Numbers are preliminary and may be subject to revision.
7
Fall 2014
Economic Indicators
FAIRBANKS INTERNATIONAL AIRPORT TRANSIT FREIGHT*^
2008-2014
2008
2009
2010
2011
2012
2013
2014
-------------------------------------Thousands of Pounds-----------------------------------------299
463
572
886
276
631
313
341
298
1,543
235
282
270
219
335
14,296
1,118
258
361
670
665
338
302
296
297
750
276
86
261
245
342
344
326
291
107
307
361
1,574
342
370
109
97
4,334
359
327
341
397
250
295
5,168
350
593
321
350
215
16
329
292
8,508
305
926
40
21
1,294
268
451
309
348
151
317
748
993
293
211
469
553
940
364
350
301
323
January
February
March
April
May
June
July
August
September
October
November
December
Total
13,876
18,922
16,681
4,281
4,898
% Change
2013-14
-50%
-19%
-1%
-69%
-63%
-11%
18%
-93%
-48%
3,695
NOTE:
On average FAI should see between 70-100 operations from Volga-Dnepr Airlines per year. Ukraine-based Antonov Design
Bureau, made transit landings Feb-Mar 2010.
^
International Airlines: Evergreen and Volga-Dnepr made non-routine stops at FAI in July-August 2008. UPS made a sizeable
stop in March 2009. Asiana, Cathay Pacific, China Air, Nippon Cargo, Atlas Air, China Cargo, and Evergreen International plus domestic
carriers Fed Ex and UPS had transit landings in September and November 2010. Cathay Pacific and Nippon Cargo boosted numbers reported
in Apr 2012, Jan and Mar 2013. Cathay Pacific, Nippon Cargo and China Air increase values in Sept 2012. Number of transit stops in
Fairbanks may be dependant on weather in Anchorage. If Anchorage runways are snowed in flights are diverted to Fairbanks. Also in 2013
Alaska Airlines changed airplanes used in flights between Fairbanks and Anchorage to the Q400 planes, which are much smaller and do not
have the capacity to carry large amounts of cargo.
*
FAIRBANKS INTERNATIONAL AIRPORT TRANSIT FREIGHT
2008-2014
16,000
14,000
Thousands of Pounds
12,000
10,000
8,000
6,000
4,000
2,000
J/14
J/13
J/12
J/11
J/10
J/09
J/08
0
J=January/Year
Fall 2014
8
Economic Indicators
FAIRBANKS INTERNATIONAL AIRPORT REVENUE LANDINGS
2008-2014
3,000
2,500
2,000
1,500
1,000
500
J/14
J/13
J/12
J/11
J/10
J/09
J/08
0
J=January/Year
FAIRBANKS INTERNATIONAL AIRPORT REVENUE LANDINGS*
2008-2014
2008
2009
2010
2011
2012
2013
2014
January
February
March
April
May
June
July
August
September
October
November
December
1,758
1,766
2,019
1,868
2,208
2,571
2,686
2,820
2,503
2,009
1,668
1,802
1,610
1,653
1,907
1,836
2,039
2,370
2,481
2,464
2,338
1,922
1,650
1,813
1,643
1,601
1,900
1,810
1,906
2,410
2,510
2,641
2,523
1,957
1,567
1,791
1,673
1,551
1,935
1,797
2,070
2,416
2,368
2,751
2,544
1,942
1,760
1,820
1,614
1,588
1,836
1,712
2,085
2,360
2,349
2,447
2,167
1,715
1,459
1,532
1,508
1,578
1,813
1,742
1,983
2,431
2,398
2,631
2,258
1,862
1,585
1,561
1,569
1,649
2,074
1,801
1,973
2,305
2,416
2,632
2,364
Total
25,678
24,083
24,259
24,627
22,864
23,350
% Change
2013-14
4%
4%
14%
3%
-1%
-5%
1%
0%
5%
*
9
Fall 2014
Economic Indicators
FAIRBANKS INTERNATIONAL AIRPORT PASSENGERS*
2008-2014
2008
2009
2010
2011
2012
2013
2014
% Change
2013-14
Incoming
January
February
March
April
May
June
July
August
September
October
November
December
33,333
31,801
35,869
30,386
45,270
60,012
60,249
64,713
39,664
31,565
28,568
31,534
32,118
29,051
33,266
28,065
40,536
51,532
54,055
54,191
37,907
47,049
31,077
31,855
32,275
29,677
34,689
29,191
40,531
51,352
56,896
57,370
37,040
35,120
29,939
32,823
33,897
30,763
39,085
30,449
41,461
51,949
55,490
57,039
38,298
32,048
30,024
31,408
33,555
31,566
37,380
30,156
42,888
56,506
57,927
58,021
39,404
31,710
30,085
31,250
34,474
31,104
38,735
29,853
41,734
53,673
59,516
57,174
38,093
33,781
29,534
33,512
34,000
32,849
43,295
31,459
42,797
56,100
61,957
60,925
39,889
-1%
6%
12%
5%
3%
5%
4%
7%
5%
Total
492,964
470,702
466,903
471,911
480,448
481,183
Outgoing
January
February
March
April
May
June
July
August
September
October
November
December
29,821
31,495
35,259
29,871
40,420
54,765
58,257
58,267
44,796
34,349
28,909
34,171
29,763
28,742
32,379
27,517
35,530
48,923
52,252
50,500
43,105
35,654
31,291
36,778
28,908
28,955
34,426
29,076
36,495
47,899
54,198
53,742
44,985
36,204
30,499
36,844
30,157
29,911
38,609
29,943
37,776
48,027
52,019
53,832
45,230
33,996
30,905
35,921
29,447
31,231
37,143
29,746
40,461
50,765
55,564
56,668
45,283
33,915
30,909
36,169
30,946
30,457
38,519
29,952
38,411
49,715
56,807
56,543
45,978
35,712
30,748
37,428
30,299
32,386
44,297
31,562
38,924
54,636
59,333
59,422
45,048
-2%
6%
15%
5%
1%
10%
4%
5%
-2%
Total
480,380
452,434
462,231
466,326
477,301
481,216
SOURCE: Alaska Department of Transportation & Public Facilities, Fairbanks International Airport, "Fairbanks International Airport
NOTE:
Numbers do not include passengers in transit. Arctic Winter Games took place in Fairbanks March 2014.
*
Fall 2014
10
Economic Indicators
ALASKA HIGHWAY STATEWIDE ENTERING PASSENGERS*
Via the Yukon Territory
2008-2014
2008
2009
2010
2011
2012
2013
2014
January
February
March
April
May
June
July
August
September
October
November
December
2,108
2,365
3,681
5,168
11,033
17,887
16,946
13,246
5,987
3,832
2,096
2,145
2,388
2,419
3,958
4,899
12,447
22,929
24,187
18,311
7,954
3,803
2,783
2,237
2,216
2,139
3,434
5,662
11,989
23,610
21,002
16,553
5,829
3,949
2,547
2,334
2,213
2,350
3,992
5,068
11,732
22,411
22,964
20,063
7,901
3,512
2,424
2,016
1,868
2,037
3,688
4,611
10,430
21,800
24,446
18,903
7,409
3,489
2,426
1,854
1,888
1,970
3,358
4,592
10,290
22,299
23,400
18,272
7,661
3,296
2,467
2,132
2,171
1,905
3,172
4,697
10,051
19,213
21,105
15,080
5,536
Total
86,494
108,315
101,264
106,646
102,961
101,625
% Change
2013-14
15%
-3%
-6%
2%
-2%
-14%
-10%
-17%
-28%
SOURCE: U.S. Department of Justice, Immigration and Naturalization Service, District 32, (Tok) personal communications, 20082014.
NOTE:
This entry point includes statewide travel for automobiles on the Alaska Highway and, during the summer, the Taylor
Highway (Poker Creek).
*
Current year figures subject to revisions.
ALASKA HIGHWAY STATEWIDE EXITING PASSENGERS*
2008-2014
2008
2009
2010
2011
2012
2013
2014
January
February
March
April
May
June
July
August
September
October
November
December
1,783
1,812
2,455
2,608
6,990
15,502
22,729
21,827
10,585
3,657
2,054
1,573
1,491
2,018
2,380
2,884
7,057
13,932
20,196
20,089
10,522
4,145
2,781
1,998
1,688
1,643
2,542
3,155
7,358
14,771
24,479
11,766
11,196
4,673
2,070
1,613
1,483
1,657
2,297
2,615
6,771
15,473
22,377
20,734
10,341
4,470
2,213
1,867
1,485
1,553
2,617
2,719
6,171
14,116
20,212
20,268
9,859
3,485
2,074
1,942
1,640
1,376
2,142
2,962
6,092
15,021
19,144
20,783
10,157
4,135
3,035
1,582
1,597
1,457
2,275
2,425
5,332
12,977
19,136
18,180
10,216
Total
93,575
89,493
86,954
92,298
86,501
88,069
% Change
2013-14
-3%
6%
6%
-18%
-12%
-14%
0%
-13%
1%
SOURCE: Canadian Customs Border Services, Area Ports, Yukon Government, 2008-2014.
NOTE:
This exit point includes statewide travel for automobiles on the Alaska Highway (Beaver Creek) and, during the summer
through September 15th, the Taylor Highway (Little Gold).
*
11
Fall 2014
Economic Indicators
ALASKA HIGHWAY STATEWIDE NET ANNUAL MIGRATION TRENDS
2000-2013
25,000
Net Migration
15,000
10,000
5,000
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
-5,000
2001
0
2000
Number of Passengers
20,000
-10,000
-15,000
SOURCE: U.S. Department of Justice, Immigration and Naturalization Service, District 32, and Customs Border Services,
Area Ports, Yukon Government, Canada, personal communications 2000-2013.
ALASKA HIGHWAY STATEWIDE NET MONTHLY MIGRATION*
2008-2014
2008
2009
2010
2011
2012
2013
2014
January
February
March
April
May
June
July
August
September
October
November
December
325
553
1,226
2,560
4,043
2,385
-5,783
-8,581
-4,598
175
42
572
897
401
1,578
2,015
5,390
8,997
3,991
-1,778
-2,568
-342
2
239
528
496
892
2,507
4,631
8,839
-3,477
4,787
-5,367
-724
477
721
730
693
1,695
2,453
4,961
6,938
587
-671
-2,440
-958
211
149
383
484
1,071
1,892
4,259
7,684
4,234
-1,365
-2,450
4
352
-88
248
594
1,216
1,630
4,198
7,278
4,256
-2,511
-2,496
-839
-568
550
574
448
897
2,272
4,719
6,236
1,969
-3,100
-4,680
Net
-7,081
18,822
14,310
14,348
16,460
13,556
SOURCE: U.S. Department of Justice, Immigration and Naturalization Service, District 32, and Customs Border Services,
Area Ports, Yukon Government, Canada, personal communications 2008-2014.
NOTE:
Numbers denote the difference between the number of passengers entering and exiting statewide Alaska on the
Alaska Highway and the Taylor Highway (summer only through September 15th).
*
Fall 2014
12
Economic Indicators
HOTEL/MOTEL ROOM RECEIPTS*
2009-2014
Quarter
2009
2010
2011
2012
2013
2014
1st
2nd
3rd
4th
$5,554,495
$11,750,227
$25,311,523
$7,176,965
$5,549,520
$14,817,922
$27,183,699
$6,887,983
$6,317,082
$13,757,533
$26,099,065
$7,429,594
$6,603,066
$14,464,988
$28,737,266
$8,886,940
$7,170,000
$14,031,111
$25,686,646
$10,909,172
$8,202,072
$14,523,111
$25,687,167
Total
$49,793,210
$54,439,124
$53,603,274
$58,692,260
$57,796,929
% Change
2013-14
14.4%
3.5%
0.0%
SOURCE: City of Fairbanks, Finance Dept.; City of North Pole, Finance Dept.; FNSB, Financial Services, personal communications, 2009-2014.
NOTE:
Room receipt figures are based on hotel/motel bed tax which is 8%. Receipts are calculated on taxes paid. There is a time lag between
collection and reporting of these taxes. Arctic Winter Games took place March 2014.
*
Due to accrual adjustments the current data will supersede previous figures reported.
THIRD QUARTER HOTEL/MOTEL ROOM RECEIPTS
2004-2014
3rd Quarter Comparisons
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
13
Fall 2014
Economic Indicators
ANNUAL HOTEL/MOTEL ROOM RECEIPTS*
1993-2013
Year
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
1st Qtr.
$1,912,664
$2,139,404
$2,342,331
$2,344,161
$2,414,719
$2,551,863
$3,055,908
$3,274,010
$3,745,458
$3,421,975
$4,269,920
$4,282,186
$4,341,420
$4,396,630
$5,253,550
$4,928,353
$5,554,495
$5,549,520
$6,317,082
$6,603,066
$7,170,000
2nd Qtr.
3rd Qtr.
4th Qtr.
Annual Total
$6,509,495
$7,282,236
$8,112,819
$8,651,705
$7,794,574
$10,173,376
$10,093,298
$9,923,679
$10,072,118
$9,279,386
$8,951,462
$11,444,548
$11,991,395
$13,755,407
$14,703,344
$15,450,099
$11,750,227
$14,817,922
$13,757,533
$14,464,988
$14,031,111
$13,079,188
$14,218,355
$14,946,769
$15,188,972
$18,608,324
$17,682,597
$18,457,738
$17,456,009
$17,394,993
$15,610,143
$18,034,906
$24,397,446
$26,148,408
$27,784,543
$29,164,266
$29,652,248
$25,311,523
$27,183,699
$26,099,065
$28,737,266
$25,686,646
$2,910,413
$3,889,047
$3,811,319
$3,189,160
$3,526,383
$4,296,950
$4,567,227
$4,959,298
$7,476,847
$7,457,382
$6,161,282
$6,245,425
$6,416,203
$6,628,268
$7,198,573
$7,251,731
$7,176,965
$6,887,983
$7,429,594
$8,886,940
$10,909,172
$24,411,760
$27,529,042
$29,213,238
$29,373,998
$32,344,000
$34,704,786
$36,174,171
$35,612,996
$38,689,416
$35,768,886
$37,417,570
$46,369,605
$48,897,426
$52,564,848
$56,319,733
$57,282,431
$49,793,210
$54,439,124
$53,603,274
$58,692,260
$57,796,929
% Chg fr
Prev Yr
15.6%
12.8%
6.1%
0.6%
10.1%
7.3%
4.2%
-1.6%
8.6%
-7.5%
4.6%
23.9%
5.5%
7.5%
7.1%
1.7%
-13.1%
9.3%
-1.5%
9.5%
-1.5%
SOURCE: Fairbanks North Star Borough, City of Fairbanks, and City of North Pole, Finance Departments, personal
communications 1993-2013.
NOTE: Room receipt figures are based on hotel/motel bed tax which is 8%. Receipts are calculated on taxes paid. There is a
time lag between collection and reporting of these taxes.
City of North Pole was added beginning second quarter 2009.
*
Due to accrual adjustments the current figure supersede previous figures.
ANNUAL HOTEL/MOTEL ROOM RECEIPTS
1993-2013
30%
25%
20%
Percentage Change
15%
10%
5%
0%
-5%
-10%
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
-15%
Fall 2014
14
Economic Indicators
UNIVERSITY OF ALASKA MUSEUM VISITORS
Fairbanks, Alaska
2009-2014
2009
2010
2011
2012
2013
2014
January
February
March
April
May
June
July
August
September
October
November
December
2,236
4,502
3,394
2,328
5,767
15,275
16,548
14,709
7,567
3,249
1,886
2,437
1,647
4,465
3,725
2,272
5,367
14,051
16,587
14,193
7,698
4,207
2,567
3,785
1,705
3,199
4,230
2,525
4,303
12,517
14,169
12,851
6,743
2,841
2,124
2,588
2,235
3,969
5,934
2,911
5,100
11,236
13,668
12,536
7,137
3,534
1,718
3,662
3,170
3,705
6,871
2,664
4,859
10,956
14,746
12,993
8,163
6,116
4,206
6,013
4,697
6,201
9,634
4,657
4,721
12,070
14,876
13,336
6,489
Total
79,898
80,564
69,795
73,640
84,462
% Change
2013-14
48%
67%
40%
75%
-3%
10%
1%
3%
-21%
SOURCE: University of Alaska Museum, University of Alaska, Fairbanks, personal communications 2009-2014.
NOTE:
Numbers are preliminary and may be subject to revision. The Fairbanks Children's Museum opened October 2013 in the museum's
auditorium and remained there until the end of April 2014. Arctic Winter Games took place March 2014. Beginning January 2014 and continuing
throughout 2014, a Wells Fargo sponsorship will pay entrance fees for active-duty military families.
UNIVERSITY OF ALASKA MUSEUM VISITORS
Fairbanks, Alaska
2003-2013
120,000
100,000
80,000
60,000
40,000
20,000
Museum Visitors
0
15
Fall 2014
Economic Indicators
AGRICULTURAL PRODUCTION
Fairbanks Area and Alaska
2002-2012
Fairbanks Area
Number of Farms
Land in Farms (acres)
Average Size of Farms (acres)
Market Value of Products Sold
Crop Sales
Livestock Sales
Value of Agricultural Products sold directly to
individual for human consumption
Number of Workers-Hired Farm Labor
Payroll- Hired Farm Labor
Government Payments
No. Farms Receiving Payments
Avg Per Farm Receiving Payments
Alaska
Number of Farms
Land in Farms (acres)
Avg Size of Farms (acres)
Market Value of Products Sold
Crop Sales
Livestock Sales
Value of Agricultural Products sold directly to
individual for human consumption
Number of Workers-Hired Farm Labor
Payroll- Hired Farm Labor
Government Payments
No. Farms Receiving Payments
Avg Per Farm Receiving Payments
2002
2007
2012
187
109,990
588
$5,285,000
$4,349,000
$936,000
212
110,780
523
$7,075,000
$5,889,000
$1,187,000
217
99,620
459
$9,140,000
$7,749,000
$1,391,000
$183,000
247
$948,000
$1,267,000
46
$27,537
$564,000
320
$1,442,000
$1,356,000
50
$27,129
$729,000
303
$1,844,000
$1,354,000
67
$20,210
2002
2007
2012
% Change
2007-12
2.4%
-10.1%
-12.2%
29.2%
32%
17%
609
686
762
900,715
881,585
833,861
1,479
1,285
1,094
$46,143,000 $57,019,000 $58,925,000
$20,543,000 $24,749,000 $24,857,000
$25,600,000 $32,271,000 $34,068,000
29%
-5.3%
27.9%
-0.1%
34%
-25.5%
% Change
2007-12
11.1%
-5.4%
-14.9%
3.3%
0%
6%
$829,000 $1,682,000 $2,227,000
1,774
1,651
1,577
$13,427,000 $16,463,000 $18,647,000
$1,765,000 $1,645,000 $2,432,000
72
78
195
$24,516
$21,086
$12,473
32%
-4.5%
13.3%
47.8%
150%
-40.8%
SOURCE: 2012 Census of Agriculture, Alaska, State and Area Data, Volume 1 Geographic Area Series, Part 2, May 2014, website:
http://www.agcensus.usda.gov/
NOTE:
The Census of Agriculture is conducted every 5 years. Fairbanks Area includes property lying outside the Fairbanks North Star
Borough. Please see map below.
Fall 2014
16
EMPLOYMENT
CIVILIAN LABOR FORCE UNEMPLOYMENT RATES*
Fairbanks MSA, Alaska and the United States
2008-2014
F
A
I
R
B
A
N
K
S
M
S
A
A
L
A
S
K
A
U
N
I
T
E
D
S
T
A
T
E
S
January
February
March
April
May
June
July
August
September
October
November
December
Average
January
February
March
April
May
June
July
August
September
October
November
December
Average
January
February
March
April
May
June
July
August
September
October
November
December
Average
2008
2009
2010
2011
2012
2013
2014
6.4
6.3
6.1
5.5
5.5
6.2
5.5
5.3
5.3
5.5
5.9
6.4
5.8
7.1
7.1
7.1
6.4
6.3
6.5
5.8
5.7
5.7
5.9
6.4
6.9
6.4
5.4
5.2
5.2
4.8
5.2
5.7
6.0
6.1
6.0
6.1
6.5
7.1
5.8
7.7
7.6
7.5
6.8
6.9
7.6
6.7
6.3
6.6
6.9
7.0
7.3
7.1
8.0
8.3
8.2
7.7
7.5
8.0
7.2
7.0
7.3
7.7
7.8
8.2
7.7
8.5
8.9
9.0
8.6
9.1
9.7
9.7
9.6
9.5
9.5
9.4
9.7
9.3
8.5
8.3
8.1
7.2
6.5
6.7
6.2
6.0
6.0
6.2
6.8
7.0
6.9
9.2
9.3
9.1
8.4
7.6
7.8
7.1
6.9
7.0
7.2
7.8
8.1
8.0
10.6
10.4
10.2
9.5
9.3
9.6
9.7
9.5
9.2
9.0
9.3
9.1
9.6
7.9
7.6
7.3
6.7
6.3
6.9
6.2
6.1
5.9
6.0
6.4
6.8
6.7
8.8
8.6
8.3
7.8
7.3
7.7
6.9
6.7
6.8
6.9
7.3
7.7
7.6
9.8
9.5
9.2
8.7
8.7
9.3
9.3
9.1
8.8
8.5
8.2
8.3
8.9
7.5
7.4
7.1
6.5
6.0
6.6
6.1
5.5
5.1
5.1
5.6
6.2
6.2
8.1
8.0
7.8
7.2
6.8
7.3
6.6
6.2
5.9
6.0
6.4
7.0
6.9
8.8
8.7
8.4
7.7
7.9
8.4
8.6
8.2
7.6
7.5
7.4
7.6
8.1
7.2
6.7
6.2
5.9
5.6
6.4
5.5
5.2
5.0
5.2
5.4
5.4
5.8
7.8
7.4
7.0
6.6
6.3
6.9
6.0
5.8
5.8
6.2
6.3
6.5
6.5
8.5
8.1
7.6
7.1
7.3
7.8
7.7
7.3
7.0
7.0
6.6
6.5
7.4
6.5
6.6
6.2
5.4
5.3
6.1
5.5
5.5
5.0
7.4
7.7
7.3
6.4
6.0
6.7
6.1
6.2
5.9
7.0
7.0
6.8
5.9
6.1
6.3
6.5
6.3
5.7
SOURCES: Alaska Department of Labor, Research and Analysis Section, website: http://www.laborstats.alaska.gov, and personal
communications 2008-2014. U.S. Department of Labor, Bureau of Labor Statistics, Current Population Survey, and website:
http://www.bls.gov, 2008-2014.
NOTE:
Rates presented are "not seasonally adjusted". A change in the way the labor force statistics are calculated for boroughs
and census areas makes data prior to 2000 not comparable with later data.
*
May be subject to revision.
17
Fall 2014
Employment
CIVILIAN LABOR FORCE UNEMPLOYMENT RATES
State of Alaska, FNSB, the United States
2008-2014
Percentage Unemployed
12.0
Alaska
FNSB
U. S.
9.0
6.0
3.0
J/14
J/13
J/12
J/11
J/10
J/09
J/08
0.0
J = January/Year
AVERAGE MONTHLY EMPLOYMENT ESTIMATES BY SECTOR
Third Quarter Average - 2014
Manufacturing
600
1,300
Mining & Logging
1,600
Construction
2,600
4,200
Trade, Transportation & Utilities
8,300
Government
12,000
10,000
8,000
6,000
4,000
2,000
0
11,400
Fall 2014
18
Employment
AVERAGE MONTHLY EMPLOYMENT ESTIMATES BY INDUSTRY
Fairbanks North Star Borough (MSA¹)
2014
Year-to-Date Average
2014
Industry
2014
2013
% Change
2013-14
Reporting Period
Mining and Logging³
Construction
Manufacturing
Trade, Transportation, Utilities
Wholesale Trade
Retail Trade
Trans/Warehouse/Utilities
Information
Professional & Business Svcs
Educational & Health Services
Health Care
Other Services
Government
Federal Government
State Government
Local Government² 1st
Qtr
1,400
1,900
600
7,800
700
4,600
2,400
500
1,200
2,000
5,400
3,900
3,800
1,200
11,700
2,700
5,500
3,400
2nd
Qtr
1,600
2,600
600
8,400
800
4,800
2,800
500
1,300
2,100
5,400
3,900
4,300
1,200
11,500
2,900
5,400
3,100
3rd
Qtr
1,800
3,400
600
8,600
800
4,900
2,900
500
1,300
2,300
5,400
4,000
4,600
1,200
11,000
2,900
5,200
2,900
Jan-Sept
1,600
2,600
600
8,300
800
4,800
2,700
500
1,300
2,100
5,400
3,900
4,200
1,200
11,400
2,900
5,400
3,100
Jan-Sept
1,400
2,400
600
7,800
700
4,600
2,500
500
1,300
2,400
5,300
4,000
4,300
1,300
11,700
3,100
5,400
3,200
Jan-Sept
14.3%
8.3%
0.0%
6.4%
14.3%
4.3%
8.0%
0.0%
0.0%
-12.5%
1.9%
-2.5%
-2.3%
-7.7%
-2.6%
-6.5%
0.0%
-3.1%
Total Nonfarm
37,500
39,400
40,600
39,200
39,100
0.3%
SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; U.S. Department of Labor, Bureau of
Labor Statistics. State website: http://labor.alaska.gov/research/ces/ces.htm, 2014.
NOTE:
Data provided are subject to change. Employment reporting format has changed because Fairbanks became a metropolitan area in
2003 and 2004. Please note that rounding is to nearest 100.
- Excludes self-employed workers, fishers, domestics, and unpaid family workers.
- Government includes employees of public school systems and the University of Alaska.
- Beginning January 2001, wage and salary employment estimates were published under a new classification system. The Standard Industrial
Classification system (SIC) has been replaced by the North American Industry Classification System (NAICS). Data prior to 2001 are
comparable only at the Total Nonfarm and Government levels.
¹ Metropolitan Statistical Area.
19
Fall 2014
Employment
ANNUAL AVERAGE MONTHLY EMPLOYMENT
By Earned Income and Labor Force
2010-2013
EARNED INCOME DATA
-----------------Annual Average------------------Year
Wage and Salary Employment¹
Self-employed² [1]
Military Active Duty Personnel³
2010
2011
2012
2013
% change
2012-13
38,900
2,316
8,235
39,000
2,709
9,315
39,600
2,337
8,797
39,000
2,039
8,215
-1.5%
-12.8%
-6.6%
SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section,¹Monthly Employment Statistics
(MES); ²US Census Bureau, American Community Survey (ACS) Estimates; ³Fort Wainwright Army Base (FWA), Plans, Analysis and
Integration Office (PAIO), and ALCOM, Alaskan Command, 2010-2013.
Definition of Employment: These are all persons who, during the reference week (the week including the 12th day of the month), (a) did
any work as paid employees, worked in their own business or profession or on their own farm, or worked 15 hours or more as unpaid
workers in an enterprise operated by a member of their family, or (b) were not working but who had jobs from which they were
temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute
job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each
employed person is counted only once, even if he or she holds more than one job.
Definition of Unemployment: Included are all persons who had no employment during the reference week, were available for work,
except for temporary illness, and had made specific efforts to find employment some time during the 4 week-period ending with the
reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work
to be classified as unemployed.
LABOR FORCE DATA
-----------------Annual Average------------------2010
2011
2012
2013
% change
2012-2013
Civilian Labor Force¹
Military Active Duty Personnel²
46,939
8,235
46,859
9,315
46,566
8,797
46,153
8,215
-0.9%
-6.6%
Total Labor Force
55,174
56,174
55,363
54,368
-1.8%
Year
SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section,¹Unemployment Data-Fairbanks
North Star Borough Labor Force (not seasonally adjusted); ²³Fort Wainwright Army Base (FWA), Plans, Analysis and Integration Office
(PAIO), and ALCOM, Alaskan Command, 2010-2013.
Definition of Labor Force: Included are all persons in the civilian non-institutional population classified as either employed or
unemployed.
Fall 2014
20
Employment
ANNUAL AVERAGE MONTHLY EMPLOYMENT BY INDUSTRY
2010-2013
Industry
Natural Resources & Mining
Agriculture, Forestry, Fishing, Hunting
Mining
Construction
Construction of Buildings
Heavy Construction
Specialty Trade Contractors
Manufacturing
Wholesale Trade
Retail Trade
Food & Beverage
General Merchandise
Transportation & Warehousing
Air Transportation
Transit & Ground Passenger
Information
Telecommunication
Finance & Insurance
Credit Intermediation, etc.
Real Estate, Renting & Leasing
Real Estate
Professional, Scientific, Technical Services
Management of Companies & Enterprises
Administrative & Waste Services
Health Care & Social Assistance
Accommodation
Food Services & Drinking Places
Other Services
Membership Organizations, etc.
Repair & Maintenance
Government
Federal Government
State Government
Local Government
Unclassified Establishments
2010
1,161
45
1,117
2,641
751
374
1,517
604
7,642
654
4,551
471
1,341
2,020
607
299
497
296
1,553
877
517
676
428
2,368
1,515
53
800
4,910
4,675
4,084
969
2,671
1,116
510
403
12,072
3,495
5,487
3,090
39
2011
1,330
48
1,282
2,596
771
404
1,421
575
7,760
661
4,659
463
1,338
2,016
593
295
549
293
1,445
799
510
647
404
2,511
1,539
120
852
4,951
4,720
4,129
1,029
2,691
1,132
509
403
12,010
3,434
5,461
3,115
29
2012
1,517
49
1,468
2,618
806
331
1,482
556
7,910
705
4,734
480
1,352
2,077
595
303
548
297
1,427
805
513
622
387
2,517
1,494
118
905
5,155
4,910
4,189
1,074
2,672
1,183
500
421
11,677
3,264
5,445
2,968
27
2013
1,489
48
1,441
2,431
654
426
1,351
616
7,789
735
4,643
461
1,299
2,018
538
305
485
243
1,416
784
513
632
406
2,402
1,472
122
808
5,229
5,012
4,180
1,089
2,636
1,151
408
496
11,641
3,026
5,472
3,143
33
% Change
2012-13
-1.8%
-2.0%
-1.8%
-7.1%
-18.9%
28.7%
-8.8%
10.8%
-1.5%
4.3%
-1.9%
-4.0%
-3.9%
-2.8%
-9.6%
0.7%
-11.5%
-18.2%
-0.8%
-2.6%
0.0%
1.6%
4.9%
-4.6%
-1.5%
3.4%
-10.7%
1.4%
2.1%
-0.2%
1.4%
-1.3%
-2.7%
-18.4%
17.8%
-0.3%
-7.3%
0.5%
5.9%
22.2%
Total Industries
38,688
39,018
39,323
38,859
-1.2%
SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; Quarterly Census of Employment &
Wages-Annual Review 2013, (data are preliminary and subject to revision).
NOTE:
Blanks in the Total Earnings and Average Monthly Earnings columns due to confidentiality; data are suppressed.
21
Fall 2014
Employment
ANNUAL AVERAGE MONTHLY WAGE BY INDUSTRY
2010-2013
Industry
Mining
Construction
Heavy Construction
Manufacturing
Wholesale Trade
Retail Trade
Food & Beverage
General Merchandise
Air Transportation
Information
Telecommunication
Finance & Insurance
Real Estate
Accommodation
Other Services
Government
Federal Government
State Government
Local Government
2010
$7,348
$1,711
$7,574
$5,922
$5,382
$6,217
$6,117
$4,416
$3,240
$4,035
$2,549
$2,358
$2,342
$3,849
$3,693
$2,272
$4,258
$5,026
$3,878
$4,238
$3,914
$3,410
$3,236
$3,848
$4,229
$5,871
$2,996
$3,472
$3,512
$1,487
$2,183
$1,278
$2,369
$1,852
$3,389
$4,297
$5,220
$4,004
$3,774
$2,081
2011
$7,311
$1,506
$7,530
$5,881
$5,406
$6,809
$5,874
$4,618
$3,274
$4,223
$2,563
$2,417
$2,340
$3,858
$3,552
$2,307
$4,123
$5,407
$3,847
$4,086
$3,997
$3,552
$3,269
$3,891
$4,199
$6,321
$2,990
$3,642
$3,691
$1,531
$2,189
$1,303
$2,483
$1,949
$3,625
$4,423
$5,469
$4,077
$3,877
$1,641
2012
$7,559
$1,513
$7,761
$6,146
$5,222
$7,863
$6,261
$4,664
$3,307
$4,345
$2,603
$2,402
$2,328
$3,808
$3,389
$2,419
$4,096
$5,262
$3,907
$4,166
$4,113
$3,572
$3,343
$4,137
$4,443
$7,241
$3,227
$3,684
$3,737
$1,550
$2,159
$1,327
$2,394
$1,916
$3,497
$4,549
$5,585
$4,172
$4,101
$1,451
2013
$7,455
$1,509
$7,654
$6,306
$5,363
$7,958
$6,241
$4,436
$3,376
$4,540
$2,604
$2,259
$2,377
$3,966
$3,905
$2,390
$4,468
$6,288
$4,011
$4,285
$4,070
$3,673
$3,433
$4,256
$4,608
$7,294
$3,157
$3,777
$3,842
$1,617
$2,241
$1,387
$2,378
$1,907
$3,472
$4,510
$5,565
$4,226
$3,989
$1,872
% Change
2012-13
-1.4%
-0.3%
-1.4%
2.6%
2.7%
1.2%
-0.3%
-4.9%
2.1%
4.5%
0.0%
-6.0%
2.1%
4.1%
15.2%
-1.2%
9.1%
19.5%
2.7%
2.9%
-1.0%
2.8%
2.7%
2.9%
3.7%
0.7%
-2.2%
2.5%
2.8%
4.3%
3.8%
4.5%
-0.7%
-0.5%
-0.7%
-0.9%
-0.4%
1.3%
-2.7%
29.0%
Total Industries
$3,789
$3,870
$3,968
$3,997
0.7%
SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; Quarterly Census of Employment
&
#DIV/0!
Wages - Annual Review 2013, (data are preliminary and subject to revision).
NOTE:
Blanks in the Total Earnings and Average Monthly Earnings columns due to confidentiality; data are suppressed.
Fall 2014
22
Employment
QUARTERLY CENSUS OF EMPLOYMENT AND WAGES BY INDUSTRY*
By Quarter
Industry
Mining
Construction
Heavy Construction
Manufacturing
Wholesale Trade
Retail Trade
Food & Beverage
General Merchandise Stores
Air Transportation
Information
Telecommunication
Finance & Insurance
Real Estate
Accommodation
Other Services
Government
Federal Government
State Government
Local Government
Total Industries
--4Q 2013 Avg Mo-- --1Q 2014 Avg Mo-- % Chg from prev Qtr
Employmt
Wage Employmt
Wage Employmt
Wage
1,431
$7,977
1,253
$7,225
-12.4%
-9.4%
21
$1,840
20
$1,682
-4.8%
-8.6%
1,410
$8,070
1,233
$7,315
-12.6%
-9.4%
2,495
$6,858
2,201
$6,304
-11.8%
-8.1%
645
$5,747
542
$5,190
-16.0%
-9.7%
560
$9,021
612
$8,939
9.3%
-0.9%
1,290
$6,474
1,048
$5,335
-18.8%
-17.6%
652
$4,248
557
$4,738
-14.6%
11.5%
7,747
$3,438
7,456
$3,392
-3.8%
-1.3%
742
$4,653
730
$4,428
-1.6%
-4.8%
4,694
$2,657
4,503
$2,612
-4.1%
-1.7%
482
$2,178
485
$2,200
0.6%
1.0%
1,329
$2,314
1,215
$2,480
-8.6%
7.2%
1,928
$3,980
1,858
$4,161
-3.6%
4.5%
518
$3,482
515
$4,341
-0.6%
24.7%
326
$2,613
314
$2,241
-3.7%
-14.2%
499
$4,408
465
$4,520
-6.8%
2.5%
247
$6,202
231
$6,466
-6.5%
4.3%
1,391
$4,245
1,362
$4,334
-2.1%
2.1%
776
$4,534
771
$4,772
-0.6%
5.2%
513
$4,082
507
$4,565
-1.2%
11.8%
615
$3,878
591
$3,764
-3.9%
-2.9%
398
$3,576
393
$3,456
-1.3%
-3.4%
2,351
$4,710
2,150
$3,831
-8.5%
-18.7%
1,476
$5,122
1,312
$4,038
-11.1%
-21.2%
124
$9,981
119
$6,644
-4.0%
-33.4%
751
$3,032
718
$2,994
-4.4%
-1.3%
5,160
$4,076
5,107
$3,594
-1.0%
-11.8%
4,953
$4,142
4,911
$3,648
-0.8%
-11.9%
3,879
$1,748
3,805
$1,565
-1.9%
-10.5%
936
$2,672
811
$2,376
-13.4%
-11.1%
2,536
$1,442
2,540
$1,340
0.2%
-7.1%
1,117
$2,432
1,073
$2,372
-3.9%
-2.5%
393
$3,564
386
$3,484
-1.8%
-2.2%
484
$1,966
452
$1,777
-6.6%
-9.6%
12,010
$4,426
11,780
$4,257
-1.9%
-3.8%
2,863
$5,533
2,781
$5,601
-2.9%
1.2%
5,667
$4,391
5,541
$3,849
-2.2%
-12.3%
3,479
$3,573
3,458
$3,830
-0.6%
7.2%
42
$2,310
42
$1,548
0.0%
-33.0%
38,774
$4,025
37,251
$3,870
-3.9%
-3.9%
SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; Quarterly Census of Employment & Wages
(QCEW) fka Employment & Earnings Summary, State of Alaska website: http://almis.labor.state.ak.us and personal communications, 1st Qtr. 2014.
*
All numbers are preliminary and subject to revision. There is an approximate 6 month lag in data release.
23
Fall 2014
HOUSING
APARTMENT / MULTI-PLEX VACANCY RATES ^
2010-2014
2010
2011^
2012
2013
2014
--------------------------------------Percent Vacant -------------------------------------March
June
September
December
6.9
7.6
8.9
10.1
8.8
10.2
13.3
15.5
8.7
2.1
6.1
9.6
9.5
8.3
12.7
14.7
15.0
15.8
15.3
SOURCE: FNSB Community Research Center Rental Survey, 2010-2014.
NOTE:
Vacancy rates are based on a sample of 2,000 to 3,000 rental units and include data for apartments, duplexes, tri-plexes
and larger multi-plex rental properties. They do not include single-family houses, mobile homes or cabins. Changes in seasonal
apartment availability may also factor into the Fall and Winter figures.
Vacancy influences: The Ft. Wainwright Army 172nd Stryker Brigade was deployed to Iraq in Fall-Winter 2008-09, SpringSummer 2011-12, and the Military Police in Fall-Winter 2013-2014. Ft. Wainwright base housing privatized and contracted
management to New Haven Communities in May 2009 with addtitional new construction through 2013. Weeks Field Estates has
replaced Fairview Manor with 130 affordable housing units in 2009-2011. Walden Estates, once off-base military housing, privatized
and placed 150 units; 3-5 bdrms., on the market for sale or rent (27:duplexes; 23:4-plexes; 4:houses) in June 2010 (PHII). The Ft.
Wainwright Army 1st Battalion, 52nd Aviation Regiment, approximately 360 soldiers, deployed for nine-month tour beginning
March 2014. The 6th Squadron, 17th Cavalry Regiment, U.S. Army Alaska Avaition Task Force, approximately 400 soldiers,
deployed for a nine-month tour begining May 2014.
^
Correction made to March 2011 data on June 24, 2011.
APARTMENT / MULTI-PLEX VACANCY RATES
2010-2014
18%
16%
14%
Vacancy Rate
12%
10%
8%
6%
4%
2%
Mar
2013
Dec
Mar
2012
Dec
Mar
2011
Dec
Mar
2010
Dec
Mar
0%
2014
Fall 2014
24
Housing
RENTAL HOUSING UNITS AVAILABLE ^
2010-2014
------------- Apartments --------------------------------- Houses ------------------- Mobile
Total
Eff.
1-BR
2-BR 3+BR
1-BR
2-BR
3-BR 4+BR Homes Cabins Rentals
2010
March
June
September
December
2011
March ^
June
September
December
2012
March
June
September
December
2013
March
June
September
December
2014
March
June
September
% Change
2013-14
Sept.
38
34
70
51
95
64
121
173
93
107
112
143
74
108
103
80
5
2
1
5
5
5
16
15
16
8
36
18
6
6
15
12
NA
2
6
2
16
10
21
23
348
346
501
522
41
40
84
64
146
170
199
242
120
180
239
214
66
116
100
134
5
4
9
9
11
16
25
17
8
45
45
19
15
7
12
22
1
3
3
3
12
30
35
26
425
611
751
750
30
10
29
24
159
35
65
114
121
57
103
128
41
18
114
141
1
0
3
1
4
8
9
4
15
9
38
12
9
5
16
13
4
3
1
NA
21
29
28
22
405
174
406
459
20
22
30
23
114
72
100
182
124
128
166
236
147
119
163
118
2
4
5
8
7
9
23
19
18
19
48
80
10
11
23
17
2
2
3
7
11
18
32
32
455
404
593
722
25
38
48
154
155
190
271
261
286
137
114
142
8
5
4
12
9
12
39
15
28
14
18
12
10
5
1
20
27
24
690
647
747
60%
90%
72%
-13%
-20%
-48%
-42%
-48%
-67%
-25%
SOURCE: Community
CommunityResearch
ResearchCenter
Centerrental
rentalsurveys,
surveys,
2006-2010,
including
most
major
apartment
complexes
and Fairbanks
Daily News2010-2014,
including
most
major
apartment
complexes,
Fairbanks
Daily News-Miner
Miner
advertisements
during the week surrounding
thethe
19th
of March,
June, the
September
and December.
advertisements,
and http://www.craigslist.com
during
week
surrounding
19th of March,
June, September and March.
Birchwood
Apartments
(400 units; 3-5
bdrm.)
which
once on-base
housing
was privatized
and
started
advertising May
NOTE:
Aging Fairview
Manor demolished
the last
units
in thewere
fall 2011.
Weeks Field
Estates
has replaced
them
withpublic
130 affordable
2007. Birchwood
Apts. became
a part
of thisonce
survey
in June
2007. housing,
Alpine Lodge
(16 and
Units:
efficiencies)
entered
the market
seasonal
rental
housing
Units in 2009-2011.
Walden
Estates,
off-base
military
privatized
placed
150 units;
3-5 bdrms.
on the as
market
for sale
housing
beginning 4th23:4-plexes;
Quarter 2007.
LazelleinEstates
(37 (PHII).
Units:3-4
on market
surveycontract
September
The Ft. Wainwright
or
rent (27:duplexes;
4:houses)
June 2010
Bybedrooms)
Septemberappeared
2010 all units
were under
with2007.
none available
for rent.
Army 172nd
Stryker
Brigade
deployed
to Iraq
Fall 05-06See
andVacancy
again Fall
08-09.
Walden
Estates,
once off-base
housing,
placed 40 units
B&B's
come off
survey
in May
& back on
in September.
Rates
footer
for military
deployments.
NAmilitary
represents
not available.
on the marketCorrection
for sale or made
rent (18
duplexes;
18data
4-plexes;
4 houses)
March 2010.
^
to March
2011
on June
24, 2011.
RENTAL HOUSING UNITS AVAILABLE
Houses
900
800
700
600
500
400
300
200
100
0
25
Fall 2014
Mar
2013
Dec
Mar
2012
Dec
Mar
2011
Dec
Mar
2010
Dec
Apartments
Mar
Number Available
2010-2014
2014
Housing
AVERAGE MONTHLY RENTS FOR AVAILABLE HOUSING UNITS ^
2010-2014
---------------- Apartments -------------------- ------------------- Houses ----------------------- Mobile
Eff.
1-BR
2-BR 3+ BR
1-BR
2-BR
3-BR 4+ BR
Homes
2010
March
June
September
December
2011
March ^
June
September
December
2012
March
June
September
December
2013
March
June
September
December
2014
March
June
September
% Change
2013-14
Sept.
Cabins
$617
$685
$842
$737
$817
$874
$901
$901
$1,028
$1,063
$1,124
$1,102
$1,763
$1,837
$1,613
$1,583
$960
$1,125
$950
$840
$1,489
$1,310
$1,288
$1,319
$1,516
$1,606
$1,649
$1,588
$2,073
$1,903
$2,101
$2,098
NA
$1,300
$795
$925
$562
$535
$589
$608
$644
$723
$833
$770
$904
$901
$906
$897
$1,143
$1,136
$1,073
$1,100
$1,571
$1,642
$1,629
$1,693
$990
$1,137
$969
$863
$1,350
$1,318
$1,248
$1,141
$1,481
$1,632
$1,647
$1,728
$2,245
$2,187
$2,233
$2,217
$850
$800
$750
$866
$570
$628
$657
$599
$722
$600
$951
$905
$926
$885
$908
$927
$1,163
$1,133
$1,185
$1,155
$1,454
$1,462
$1,901
$1,861
$1,100
$1,268
$1,433
$1,381
$1,586
$1,664
$1,775
$1,650
$2,104
$1,720
$2,140
$2,107
$725
$881
$1,000
NA
$557
$595
$661
$571
$656
$645
$959
$768
$920
$920
$919
$1,047
$1,190
$1,181
$1,215
$1,234
$1,720
$1,797
$1,698
$1,698
$912
$981
$1,035
$1,011
$1,185
$1,369
$1,390
$1,243
$1,787
$1,664
$1,661
$1,820
$2,215
$2,437
$2,185
$1,951
$1,200
$625
$858
$900
$570
$520
$635
$615
$700
$717
$847
$1,036
$935
$933
$1,215
$1,201
$1,197
$1,609
$1,577
$1,586
$1,015
$970
$912
$1,291
$1,278
$1,241
$1,523
$1,856
$1,762
$2,217
$2,155
$1,912
$1,022
$770
$850
$611
$664
$682
2%
-1%
-7%
-12%
-11%
6%
-12%
-1%
-12%
$850
NA
$950
$900
7%
SOURCE: Community Research Center rental surveys, 2010-2014, including most major apartment complexes, Fairbanks Daily News-Miner
advertisements, and http://www.craigslist.com during the week surrounding the 19th of March, June, September and December.
NOTE:
Aging Fairview Manor demolished the last units in the fall 2011. Weeks Field Estates has replaced them with 130 affordable housing
Units in 2009-2011. Walden Estates, once off-base military housing, privatized and placed 150 units; 3-5 bdrms. on the market for sale or rent
(27:duplexes; 23:4-plexes; 4:houses) in June 2010 (PHII). By September 2010 all units were under contract with none available for rent. B&B's
come off in May & back on in September. See Vacancy Rates footer for military deployments.
NA
Not available
^
Correction made to March 2011 data on June 24, 2011.
AVERAGE MONTHLY RENTS FOR AVAILABLE HOUSING UNITS
2010-2014
$2,500
$1,400
$1,500
$800
$600
$1,000
$400
2 Bdrm. Apts.
$200
3 Bdrm. Houses
$500
Mar
2013
Dec
Mar
2012
Dec
Mar
2011
Dec
Mar
$0
2010
Dec
$0
Mar
Avg. Apt. Rent Values
$2,000
$1,000
Avg. House Rent Values
$1,200
2014
Fall 2014
26
Housing
RESIDENTIAL HOUSING SALES*
2012-2014**
Quarter
2012
1st Qtr.
2nd Qtr.
3rd Qtr.
4th Qtr.
2012 Total
2013
1st Qtr.
2nd Qtr.
3rd Qtr.
4th Qtr.
2013 Total
2014
1st Qtr.
2nd Qtr.
3rd Qtr.
2014 YTD
Total
1 Bedroom
#
Price
2 Bedroom
#
Price
3 Bedroom
#
Price
4 Bedroom
#
Price
5+ Bedroom
#
Price
Total
# Sold Avg.Price
8 $107,000
11 $108,668
15 $125,533
10 $86,600
23
26
41
18
$156,582
$162,511
$156,251
$152,544
81
95
110
57
$220,186
$233,418
$231,445
$221,887
25
30
52
19
$293,744
$276,064
$271,592
$234,584
7
2
9
6
$307,957
$192,500
$261,110
$285,133
144
164
227
110
44 $109,099
108
$157,211
343 $227,744
126
$271,471
24
$275,062
645 $218,143
12 $116,741
9 $81,666
14 $118,369
9 $114,611
22
26
45
22
$179,311
$167,436
$152,495
$137,713
88
93
145
73
$222,038
$229,575
$231,950
$201,386
30
34
51
23
$277,129
$301,022
$299,159
$270,673
6
9
17
10
$286,066
$252,544
$297,294
$248,432
158
171
272
137
44 $109,649
115
$158,175
399 $223,618
138
$290,081
42
$274,467
738 $221,947
$220,776
$221,111
$221,238
$203,884
$220,983
$227,757
$229,644
$200,527
10
12
15
$89,520
$92,285
$85,053
15
48
51
$144,251
$170,202
$163,222
68 $189,023
129 $221,507
146 $224,622
24
60
64
$256,482
$266,812
$285,853
8
11
11
$241,243
$309,090
$354,118
125 $191,984
260 $220,232
289 $223,477
37
$88,606
114
$163,665
343 $216,393
148
$273,371
30
$307,508
674 $216,384
% Chg.
3rd Qtr.
2013-14
7%
-28%
13%
7%
1%
-3%
25%
-4%
-35%
19%
6%
-3%
% Chg.
YTD
2013-14
6%
-18%
23%
0%
5%
-5%
29%
-7%
-6%
9%
12%
-5%
SOURCE: Greater Fairbanks Board of Realtors and Alaska/Multiple Listing Service, Inc., personal and computer printout communications 2012-2014.
Fairbanks Area MLS District data maintained by the Board or its MLS may not reflect all real estate activity in the market, and neither the Board nor its MLS
guarantees or is in any way responsible for accuracy of the data.
*
Does not include houses without bedrooms or sales of housing with zero lot lines.
**
The Year-End Total number of sales includes the calculated average price of sales.
RESIDENTIAL HOUSING SALES
2009-2014, Quarterly Data
350
$400,000
Sales
$300,000
250
$250,000
200
$200,000
150
$150,000
100
$100,000
50
$50,000
$0
2009
Fall 2014
2010
2011
2012
2013
3rd
2nd
1st
4th
3rd
2nd
1st
4th
3rd
2nd
1st
4th
3rd
2nd
1st
4th
3rd
2nd
1st
4th
3rd
2nd
1st
0
27
$350,000
Average Selling Price
Total Number Sold
300
2014
1
Housing
ANNUAL AVERAGE RESIDENTIAL HOUSING SALES*
2000-2013
1 Bedroom
#
Price
Year
2 Bedroom
#
Price
2000
59
$53,824
180
$92,473
2001
61
$63,591
233
$94,299
2002
43
$68,595
175 $100,499
2003
59
$74,127
204 $107,667
2004
65
$93,531
2005
55
3 Bedroom
#
Price
5+ Bedroom
#
Price
Total #
Sold**
Avg.
Selling
Price
% Chg fr prev yr
Total # Avg.
Sold
Price
140 $173,130 41 $187,028
816 $131,679
11.3%
2.7%
432 $150,035
162 $176,423 47 $188,765
935 $137,025
14.6%
4.1%
295 $158,241
130 $213,208 50 $201,706
693 $151,545
410 $170,379
173 $204,159 47 $237,134
893 $159,751
28.9%
5.4%
164 $120,336
441 $178,733
147 $214,663 39 $240,959
856 $170,080
-4.1%
6.5%
$95,452
160 $135,749
439 $207,847
163 $244,873 38 $266,373
855 $196,785
-0.1% 15.7%
2006
64 $107,793
158 $148,952
554 $220,860
194 $262,791 46 $288,256
1016 $213,613
18.8%
8.6%
2007
58 $107,211
176 $170,842
541 $228,359
194 $271,421 41 $288,301
1010 $222,084
-0.6%
4.0%
2008
59 $107,872
135 $155,583
493 $218,826
159 $277,801 19 $306,389
865 $214,151
-14.4% -3.6%
2009
46 $109,055
154 $161,362
465 $224,245
171 $264,285 40 $287,474
876 $217,845
59
26
44
44
$115,540
$109,868
$109,099
$109,647
139
104
108
115
493
332
343
399
198
142
126
138
936
639
645
738
1.3% 1.7%
6.8% -0.5%
-31.7% 2.4%
0.9% -1.7%
14.4% 1.7%
53
$94,657
158 $136,880
2010
2011
2012
2013
Annual
Average
2000-13
$147,941
$165,225
$157,211
$158,175
396 $140,714
4 Bedroom
#
Price
$223,043
$222,347
$227,744
$223,618
431 $199,642
$266,623
$265,592
$271,471
$290,081
160 $242,609
47
35
24
42
$269,378
$281,853
$275,062
$274,467
40 $256,653
$216,659
$221,939
$218,143
$221,947
-25.9% 10.6%
841 $192,375
SOURCE: Greater Fairbanks Board of Realtors and Alaska/Multiple Listing Service, Inc., personal and computer printout communications 20002013. Fairbanks Area MLS District data maintained by the Board or its MLS may not reflect all real estate activity in the market, and neither the Board
nor its MLS guarantees or is in any way responsible for accuracy of the data.
*
Does not include houses without bedrooms or housing with zero lot lines.
**
The Year-End Total number of sales includes the calculated average price of sales.
ANNUAL RESIDENTIAL HOUSING SALES*
1,200
$300,000
1,000
$250,000
800
$200,000
600
$150,000
400
$100,000
Total # Sold**
Avg. Selling Price
200
$50,000
0
Total Number Sold
2000-2013
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
$0
Fall 2014
28
Housing
NEW STRUCTURES BY UNIT ANNUAL REPORT*
2000-2014*
2000
61
2
416
New
Construction
(ALL)
479
2001
29
7
525
561
2002
50
6
538
594
80
65
82
83
243
154
337
95
50
37
38
9
10
50
42
39
37
11
2
11
5
5
1
2
613
747
703
659
427
205
58
320
623
291
216
135
703
862
827
781
707
370
397
426
678
333
255
146
Year Built
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014 YTD
City of
Fairbanks
City of North
Pole
Balance of
Borough
SOURCE: Fairbanks North Star Borough Assessing Department, personal communications, 2000-2014.
NOTE:
Assessing figures are collected and updated daily but stabilize one quarter after calendar year
close and prior to May certification date. The term Multi-family is indicative of structures having more
than one residential unit, such as a duplex, triplex, 4-plex, etc. Structures with Mother-in-law apartments
are not usually regarded as multi-family. Single Family
Residential (SFR) abbreviated above. SFR includes condominiums, and townhouses. In some instances,
cabins and mobile homes are viewed as SFR (however, cabins are not necessarily year-round residential
units, and mobile homes are not always located on a lot with a foundation). The mobile home
classification is typically considered transient stock (because they can easily be relocated). The by
Structure count was replaced with a "by unit" count beginning February, 2010.
*
Current data supersedes previous figures reported and current year is YTD (year to date)
data.
NEW STRUCTURES BY UNIT
Number of New Structures by Unit
1000
900
800
700
2000-2013*
City of North Pole
City of Fairbanks
Balance of Borough
600
500
400
300
200
100
0
29
Fall 2014
COST OF LIVING
C2ER COST OF LIVING INDEX*
For Selected Cities
Third Quarter 2014
City
West:
Fairbanks, AK
Anchorage, AK
Kodiak, AK
Juneau, AK
Phoenix, AZ
San Diego, CA
Denver, CO
Boise, ID
Bozeman, MT
Rio Rancho, NM
Seattle, WA
Pierre, SD
South:
Miami, FL
Atlanta, GA
Lafayette, LA
Springfield, MO
Tulsa, OK
Memphis, TN
Dallas, TX
North Central:
Indianapolis, IN
Grand Rapids, MI
Madison, WI
Northeast:
New York, NY
Philadelphia, PA
Boston, MA
Raleigh, NC
Richmond, VA
Avg. of 264 Urban Areas
Msc.
Composite Grocery
Trans- Health Goods &
Index
Items Housing Utilities portation Care Services
100%
13.48% 26.05% 9.95% 12.63% 4.89% 33.01%
136.2
129.3
135.9
131.4
118.2
135.7
108.0
94.3
102.1
92.6
131.3
101.5
123.3
120.8
136.2
131.7
116.6
105.0
99.6
92.5
105.4
97.6
116.1
112.1
123.7
160.2
162.0
155.7
154.3
206.4
124.4
83.6
116.1
73.6
108.4
112.4
243.0
101.7
152.0
142.0
98.7
119.2
97.2
84.3
86.2
89.7
97.4
89.4
119.2
110.1
122.3
111.5
112.4
120.1
103.7
111.5
95.4
102.5
118.6
92.8
150.6
140.8
138.0
148.4
105.7
113.6
104.9
108.1
105.7
96.5
118.8
95.6
123.5
122.4
115.1
113.9
100.3
106.7
103.8
97.8
96.5
101.9
115.6
96.5
110.4
100.4
94.8
89.4
88.1
87.6
96.9
108.8
104.3
93.7
94.0
98.8
94.6
104.7
123.1
99.8
88.7
71.8
64.9
68.6
75.0
97.5
90.0
92.2
110.3
88.8
96.9
103.1
110.7
103.5
102.7
90.0
99.0
92.6
99.2
102.5
103.5
89.9
96.5
96.3
88.6
101.9
106.0
100.8
98.6
93.7
96.3
94.9
107.4
92.7
93.1
106.5
94.5
96.2
105.5
81.9
77.9
112.7
95.5
98.2
100.3
98.4
99.8
105.9
95.3
90.2
112.7
96.9
100.1
103.1
214.5
118.3
137.1
92.3
97.2
123.6
113.0
107.1
97.5
95.9
437.6
134.7
179.6
75.5
88.2
129.6
116.2
137.3
98.9
110.9
122.0
105.0
106.7
99.4
93.9
114.4
99.9
124.4
101.2
102.7
151.4
115.9
129.1
97.5
101.1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
SOURCE: Council for Community and Economic Research (C2ER), Cost of Living Index, Comparative Data for 264 Urban
Areas, Third Quarter 2014, October 2014.
NOTE:
This Cost of Living Index does not measure inflation (price change over time). Because each quarterly report is
a separate comparison of prices at a single point in time, and because both the number and the mix of participants changes
from one quarter to the next, Index data from different quarters cannot be compared. The Index reflects cost
differentials for professional and executive households in the top income quintile. For inflation data contact the US
Bureau of Labor Statistics (BLS) at www.bls.gov.
*
Item percentages change so please watch for current percentages.
Fall 2014
30
Cost of Living
C2ER COST OF LIVING INDEX
For Selected Cities
Third Quarter 2014
160.0
140.0
120.0
100.0
80.0
60.0
40.0
20.0
National Average = 100
Memphis, TN
Springfield, MO
Rio Rancho, NM
Dallas, TX
Richmond, VA
Denver, CO
Phoenix, AZ
Anchorage, AK
Seattle, WA
San Diego, CA
Fairbanks, AK
0.0
CONSUMER PRICE INDEX-U FOR ALL ITEMS
Anchorage & U.S. City Annual Average
2003-2013
240.000
220.000
200.000
180.000
160.000
U.S. City Average
140.000
Anchorage
120.000
31
Fall 2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
100.000
Cost of Living
CONSUMER PRICE INDEX-U*^
Anchorage, Alaska
2009-2014
2009
2010
2011
2012
2013
Jan. - June Average
July - Dec. Average
190.032
193.456
194.834
195.455
200.278
202.576
205.215
206.617
210.853
213.910
Annual Average
191.744
195.144
201.427
205.916
212.381
% Change from
Previous Year
1.2%
1.8%
3.2%
2.2%
3.1%
% Change
2013-14
214.777
1.9%
2014
SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Indexes Pacific Cities and U.S. City
Average, not seasonally adjusted, 2009-2014.
NOTE: 1982-1984 = 100
*
For All Urban Consumers.
CONSUMER PRICE INDEX-U* FOR ALL ITEMS
U.S. City Average
2009-2014
2009
2010
2011
2012
2013
2014
January
February
March
April
May
June
July
August
September
October
November
December
211.143
212.193
212.709
213.240
213.856
215.693
215.351
215.834
215.969
216.177
216.330
215.949
216.687
216.741
217.631
218.009
218.178
217.965
218.011
218.312
218.439
218.711
218.803
219.179
220.223
221.309
223.467
224.906
225.964
225.722
225.922
226.545
226.889
226.421
226.230
225.672
226.665
227.663
229.392
230.085
229.815
229.478
229.104
230.379
231.407
231.317
230.221
229.601
230.280
232.166
232.773
232.531
232.945
233.504
233.596
233.877
234.149
233.546
233.069
233.049
233.916
234.781
236.293
237.072
237.900
238.343
238.250
237.852
238.031
Annual Average
214.537
218.056
224.939
229.594
232.957
% Change from
Previous Year
-0.4%
1.6%
3.2%
2.1%
1.5%
% Change
2013-14
1.6%
1.1%
1.5%
2.0%
2.1%
2.1%
2.0%
1.7%
1.7%
SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Indexes Pacific Cities and U.S. City
Average, not seasonally adjusted, 2009-2014.
NOTE:
1982-1984=100; All items. 3rd Qtr. 2013 - federal government shutdown pushed back the release dates for
data.
*
For All Urban Consumers.
Fall 2014
32
Cost of Living
COST OF FOOD AT HOME FOR A WEEK
Selected Alaskan Communities
March 2014
Anchorage
Family of 2
19-50 years
51-70 years
Family of 4 with:
Children, 2-5 years
Children, 6-11 years
Individuals
Children:
1 years
2-3 years
4-5 years
6-8 years
9-11 years
Males:
12-13 years
14-18 years
19-50 years
51-70 years
71+ years
Females:
12-13 years
14-18 years
19-50 years
51-70 years
71+ years
SOURCE:
NOTE:
Cordova
Delta
Fairbanks
Kenai
Matsu
Valdez
$101.02
$95.68
$155.49
$147.28
$121.43
$115.01
$101.94
$96.56
$109.07
$103.31
$101.49
$96.13
$138.32
$131.02
$146.99
$168.44
$226.24
$259.26
$178.68
$202.47
$148.33
$169.98
$158.70
$181.86
$147.67
$169.22
$201.27
$230.64
$24.63
$26.90
$28.26
$35.98
$40.63
$37.91
$41.40
$43.50
$55.38
$62.54
$29.61
$32.34
$33.97
$43.25
$48.84
$24.86
$27.15
$28.52
$36.31
$41.01
$26.56
$29.04
$30.51
$38.85
$43.87
$24.74
$27.03
$28.39
$36.15
$40.82
$33.73
$36.83
$38.70
$49.27
$55.64
$43.70
$45.06
$48.58
$44.27
$44.72
$67.26
$69.36
$74.77
$68.13
$68.83
$52.53
$54.16
$58.39
$53.21
$53.76
$44.10
$45.47
$49.02
$44.67
$45.13
$47.18
$48.65
$52.45
$47.79
$48.28
$43.90
$45.27
$48.80
$44.47
$44.93
$59.84
$61.70
$66.52
$60.61
$61.23
$43.81
$43.02
$43.25
$42.68
$41.43
$67.44
$66.21
$66.56
$65.69
$63.77
$52.66
$51.71
$51.98
$51.30
$49.80
$44.21
$43.41
$43.64
$43.07
$41.81
$47.30
$46.45
$46.69
$46.08
$44.73
$44.02
$43.22
$43.45
$42.88
$41.62
$59.99
$58.90
$59.21
$58.44
$56.73
Alaska Cooperative Extension Service, UAF, "Cost of Food at Home for. a Week," March 2014.
There will be a 6 month lag in this report due to press timelines.
COST OF FOOD AT HOME FOR A WEEK
FAMILY OF 4 WITH CHILDREN AGE 6-11 YEARS
Selected Alaskan Communities
March 2014
Cordova
$259.26
Valdez
$230.64
$202.47
Delta
Kenai
$181.86
Fairbanks
$169.98
Matsu
$169.22
Anchorage
$168.44
$0
33
Fall 2014
$50
$100
$150
$200
$250
$300
Cost of Living
NATURAL GAS CUSTOMERS
1999-2014
Year
Residential
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
31
68
152
195
231
290
341
355
463
463
441
463
463
463
464
464
---------------- Commercial -----------------Small
41
103
205
277
308
385
379
510
591
611
643
624
622
624
632
629
Large
2
3
10
11
18
19
19
21
26
29
30
31
34
34
31
31
Total
Subtotal
43
106
215
288
326
404
398
531
617
640
673
655
656
658
663
660
74
174
367
483
557
694
739
886
1,080
1,103
1,114
1,118
1,119
1,121
1,127
1,124
% Change
From Prev. Yr.
NA
135.1%
110.9%
31.6%
15.3%
24.6%
6.5%
19.9%
21.9%
2.1%
1.0%
0.4%
0.1%
0.2%
0.5%
-0.3%
SOURCE: Fairbanks Natural Gas, LLC., personal communications 1999-2014.
NOTE:
Current data supercede previous figures reported.
Adjustment- percent change column formula carried incorrectly (2010-2011), correction made October 2011.
NATURAL GAS PRICES
1999-2014*
Year
Residential
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
$6.96
$6.96
$7.59
$8.56
$8.56
$9.81
$11.28
$12.97
$21.23
$23.35
$23.35
$23.35
$23.35
$23.35
$23.35
$23.35
------- Commercial -------Small
$6.78
$6.78
$7.41
$8.38
$8.38
$9.63
$11.07
$12.73
$20.83
$22.91
$22.91
$22.91
$22.91
$22.91
$22.91
$22.91
Large
$6.66
$6.66
$7.29
$8.26
$8.26
$9.51
$10.94
$12.58
$20.60
$22.66
$22.66
$22.66
$22.66
$22.66
$22.66
$22.66
Annual Average
$6.72
$6.72
$7.35
$8.32
$8.32
$9.57
$11.01
$12.66
$20.72
$22.79
$22.79
$22.79
$22.79
$22.79
$22.79
$22.79
% Change
From Prev. Yr.
0.0%
0.0%
9.4%
13.2%
0.0%
15.0%
15.0%
15.0%
63.7%
10.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
SOURCE: Fairbanks Natural Gas, LLC., personal communications 1999-2014.
NOTE:
Price listed per Mcf (1,000 cubic feet) or 1 MMBtu's (1,000,000 btu's). FNG supplier changed in October 2006. Two
steps in rate change occurred between October 2006 and May 2007 due to new supplier costs.
*
1999-2000 gas rates remained the same.
Adjustment- percent change column formula carried incorrectly (2009-2010), correction made October 2011.
Fall 2014
34
Cost of Living
AVERAGE HEATING OIL PRICES
September 2000-2014
$4.500
$4.000
$3.500
$3.000
$2.500
$2.000
$1.500
$1.000
$0.500
$0.000
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
# 2 Heating Oil
HEATING OIL PRICES
September 2000-2014
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
#1 Fuel Oil
Average
Range ($)
$1.372 (1.330-1.400)
$1.343 (1.300-1.380)
$1.212 (1.175-1.310)
$1.273 (1.220-1.320)
$1.824 (1.770-1.870)
$2.544 (2.500-2.610)
$2.494 (2.390-2.580)
$2.683 (2.640-2.730)
$3.670 (3.610-3.790)
$2.731 (2.680-2.750)
$3.020 (2.980-3.060)
$3.922 (3.890-3.950)
$4.055 (4.010-4.080)
$3.887 (3.850-3.960)
$3.806 (3.720-3.850)
#2 Fuel Oil
Average
Range ($)
$1.312
(1.270-1.360)
$1.283
(1.260-1.310)
$1.175
(1.110-1.280)
$1.224
(1.200-1.260)
$1.809
(1.770-1.840)
$2.523
(2.480-2.560)
$2.479
(2.380-2.550)
$2.598
(2.540-2.640)
$3.670
(3.630-3.770)
$2.722
(2.690-2.740)
$3.000
(2.960-3.060)
$3.852
(3.820-3.880)
$3.977
(3.940-4.010)
$3.808
(3.780-3.860)
$3.754
(3.670-3.850)
SOURCE: Fairbanks North Star Borough, Community Research Center surveys, 2000-2014.
NOTE:
Discounts of several cents per gallon may be available from retailers depending on
method and timing of payment. Prices based on automatic delivery of 500 gallons of heating oil,
without early payment discount.
35
Fall 2014
Cost of Living
RESIDENTIAL HEATING FUEL COMPARISON
Fairbanks, Alaska
December 2014
Fuel (see notes below)
Electricity (100% eff.)
District Hot Water Heat
District Steam Heat
Fuel oil #2 (85% eff.)
Natural gas (85% eff.)
Propane (85% eff.)
Wood, pellet (85% eff.)
Wood, birch (70% eff.)
Wood, spruce (70% eff.)
Coal, stoker
Avg Price
$0.2072
$27.0300
$15.0000
$3.4520
$23.3500
$4.4400
$294.5000
$260.5000
$276.6670
$120.0000
Per Unit
/kWh
/mmbtu
/1,000 lb
/gal
/mcf
/gal
/ton
/cord
/cord
/ton
Gross Heat
(BTU)
3,413
1,000,000
1,066,000
135,000
1,010,000
91,333
16,000,000
20,500,000
15,000,000
15,200,000
Heater
Efficiency
100%
100%
100%
85%
85%
85%
85%
70%
70%
55%
0.293 watt hours =
(1) BTU
Electricity (distributed): PRICE includes rate, customer charge, RCA charge, cost of fuel
adjustment charge.
per million BTUs
per 1,000 lbs
p/month
Hot water
Steam
Wood, according to a table on the energy content of Interior Alaska trees prepared by George
Sampson, a former Institute of Northern Forestry research forester: Paper birch provides 25.4 million
varies: p/ton; p/cord
BTU per cord; tamarack provides 24.8 million BTU per cord.
135,000 BTU/gal
Fuel oil (common: "60% #2, 40/% #1 blend" or "-15, #2") (delivered by truck)
Natural gas (liquefied, trucked to Fairbanks, delivered by pipeline). NOTE: an average home in
Fairbanks may use 250 CCF or 25,000 cubic feet (cf) of gas in a typical January, when natural gas is
used for heating only. PRICE includes rate, customer charge, RCA.
Propane (delivered by truck to homes)
Coal, delivered to downtown
$/100,000
BTU's of Useful BTU's
Useful Heat
per $1.00
$6.071
16,473
$2.703
36,996
$1.407
71,067
$3.008
33,242
$2.720
36,767
$5.719
17,485
$2.165
46,180
$1.815
55,086
$2.635
37,952
$1.435
69,667
$0.203
per kWh
$27.030
hot water
$10.500
steam heat
$306.167 per cord of wood
$3.732
per gal
1,010 BTU/cf
$2.335
per 100 cubic
feet (CCF)
91,333 BTU/gal
avg: $115/ton
$2.807
$120.000
per gal
per ton
SOURCE: Fairbanks North Star Borough, Community Research Center, December 8, 2014.
NOTE:
A British Thermal Unit (BTU) is the amount of heat energy needed to raise the temperature of one pound of water by one degree F. This is
the standard measurement used to state the amount of energy that a fuel has as well as the amount of output of any heat generating device.
A common index of the cost of heat is "dollars per 100,000 BTUs of useful heat." In order to calculate useful heat (heat actually delivered to
the house), it's necessary to adjust for the efficiency of the heating device and the cost of the fuel.
COMPARISON PRICE PER 100,000 BTUs OF USEFUL HEAT
Fairbanks, Alaska
December 2014
$7.000
Fuels/Heater Efficiency
$6.000
Wood, spruce 70% eff
Wood, birch - 70%
eff
Wood, pellet 85% eff
$1.000
Propane - 85% eff
$2.000
Natural gas - 85%
eff
$3.000
Fuel oil #2 - 85%
eff
$4.000
Electricity - 100%
eff
Dollars
$5.000
$0.000
Fall 2014
36
Cost of Living
AVERAGE SELF-SERVICE UNLEADED GASOLINE PRICES*
2009-2014
2009
2010
2011
2012
2013
2014
January
February
March
April
May
June
July
August
September
October
November
December
$2.539
$2.599
$2.559
$2.559
$2.679
$2.859
$3.159
$3.299
$3.349
$3.479
$3.369
$3.329
$3.279
$3.349
$3.349
$3.499
$3.499
$3.499
$3.529
$3.529
$3.529
$3.529
$3.559
$3.559
$3.629
$3.699
$3.919
$4.109
$4.229
$4.179
$4.039
$3.919
$3.919
$4.019
$4.059
$3.979
$3.919
$3.999
$4.309
$4.449
$4.579
$4.369
$4.049
$3.989
$4.069
$4.209
$4.019
$3.829
$3.779
$3.939
$4.179
$4.169
$4.169
$4.189
$4.159
$4.069
$3.999
$3.889
$3.769
$3.719
$3.649
$3.679
$3.799
$3.919
$3.999
$4.179
$4.299
$4.229
$4.079
Annual Average
$2.982
$3.476
$3.975
$4.149
$4.002
% chg
2013-14
-3.4%
-6.6%
-9.1%
-6.0%
-4.1%
-0.2%
3.4%
3.9%
2.0%
SOURCE: Community Research Center gasoline price survey and personal communications with Totem Chevron on Gaffney
Road in Fairbanks, Alaska, 2009-2014.
NOTE:
Figures reflect prices at the self-serve pump for unleaded gasoline. Price is a monthly average of full months
business. Only national gasoline retail chain outlets are surveyed.
Factors that may influence the price fluctuations include seasonality in the demand for gasoline, changes in the cost
of crude oil, product supply/demand imbalances, proximity of supply, supply disruptions, competition in the local market,
environmental programs, operating costs, and World oil supply/demand. Recent examples include the natural disaster named
Hurricane Katrina (August 2005) which took out 25% of the US Crude oil production and 15% of the US refinery capacity. Some
major pipelines were impacted by either shutdowns or reduced operating rates. The Deep Water Horizon Oil Spill in the Gulf of
Mexico (April 2010). Other factors are political unrest such as the riots in the Middle East including Egypt, and Libya (JanuaryApril 2011). It is known that retail prices are likely to remain elevated as long as some refineries remain shut down and the U.S.
gasoline market continues to stretch supplies to their limit.
*
Beginning December 2010 this survey changed to monthly reporting.
ANNUAL AVERAGE SELF-SERVICE UNLEADED GASOLINE PRICES
2007-2013
4.500
4.000
3.500
3.000
2.500
Annual Average
Unleaded
Self-Serve
Gasoline Price
2.000
1.500
1.000
0.500
37
Fall 2014
2013
2012
2011
2010
2009
2008
2007
0.000
POPULATION & SOCIAL CONDITIONS
POPULATION COUNTS & ESTIMATES**
Fairbanks, North Pole and the Fairbanks North Star Borough
2003-2013, Selected Years
F
A
I
R
B
A
N
K
S
N
O
R
T
H
P
O
L
E
F
N
S
B
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
*
*
*
*
*
*
*
^
^
^
^
*
*
*
*
*
*
*
^
^
^
^
*
*
*
*
*
*
*
^
^
^
^
U.S. Census
Bureau (1)
30,469
30,839
30,946
30,636
31,184
31,212
31,083
31,535
32,012
32,254
32,324
1,728
1,796
1,848
1,873
1,967
2,008
2,045
2,117
2,172
2,205
2,214
86,885
89,043
90,431
90,545
93,545
94,552
95,238
98,190
99,276
100,141
100,436
Ak. Department
of Labor (2)*
29,156
30,402
31,478
30,580
32,266
31,694
32,346
31,535
30,621
32,033
32,204
1,617
1,548
1,624
1,675
2,013
2,233
2,199
2,117
2,104
2,158
2,209
83,714
87,555
90,381
90,953
95,354
96,423
96,631
97,581
97,909
100,320
99,632
Ak. Dept of
Commerce (3)
29,156
30,402
31,478
30,580
32,266
31,694
32,346
31,535
30,621
32,033
32,204
1,617
1,548
1,624
1,675
2,013
2,233
2,199
2,117
2,104
2,158
2,209
84,979
87,608
96,888
96,888
97,970
98,660
97,581
97,581
97,909
100,320
99,632
SOURCE: (1) U.S. Census Bureau, Population Division, July 1st estimates. 2013 Population Estimates. PEPANNRES Table: Annual Estimates of the
Resident Population for Counties of Alaska: April 1, 2010 to July 1, 2013, also Table: Annual Estimates of the Resident Population in Alaska: now known
as *Intercensal Estimates of the Resident Population for Incorporated Places and Minor Civil Divisions: April 1, 2000 to July 1, 2013, May 2014.
Geographic change notes defined at: http://www.census.gov.
(2) Alaska Department of Labor and Workforce Development, Research and Analysis Section; and US Census Bureau. Alaska Population
Estimates by Borough, Census Area, City and Census Designated Place (CDP), 2010-2013, Vintage 2013 ^, and Alaska Population Estimates by
Borough, Census Area, City and Census Designated Place (CDP), 2010-2013, Vintage 2013 ^. All numbers are based on 2010 Census geography. ADOL
website: http://laborstats.alaska.gov, February 2014.
(3) Alaska Department of Commerce, Community and Economic Development (DCCED), Division of Community and Regional Affairs,
2013 Commissioner Certified Estimates, January 15, 2013. DCCED Certified numbers may vary from ADOL population estimates as a result of the
Population Estimate Appeal process available to incorporated communities on a yearly basis, as well as annual revisions by ADOL. Once certified,
DCCED numbers may be applied for two consecutive calendar years. DCCED website:
http://www.commerce.state.ak.us/dca/commdb/CF_COMDB.htm.
NOTE:
The FNSB numbers include population for all communities within the Borough plus Fort Wainwright Army Base and Eielson Air Force
Base.
**
U.S. Census and ADOL estimated numbers may be revised annually.
Fall 2014
38
Population and Social Conditions
MILITARY POPULATION
Ft. Wainwright Army Base*^
By Federal Fiscal Year Quarter: 2011-14
Ft. Wainwright
Army Base
2011
2012
2013
2014
FFY
Qtr.
FFY
Months
Military Active
Duty Personnel
Military
Families
Total
% Change from
previous quarter
1
2
3
4
1
2
3
4
1
2
3
4
1
2
3
4
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sept
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sept
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sept
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sept
6,996
7,358
7,549
7,736
7,453
7,278
6,379
6,441
6,132
6,164
6,568
6,475
6,142
5,895
5,905
5,880
8,517
8,858
9,097
9,097
9,097
9,009
10,152
9,998
9,157
8,863
9,082
9,038
8,628
8,299
8,354
8,369
15,513
16,216
16,646
16,833
16,550
16,287
16,531
16,439
15,289
15,027
15,650
15,513
14,770
14,194
14,259
14,249
5.1%
-1.7%
2.7%
1.1%
-1.7%
-1.6%
1.5%
-0.6%
-7.0%
-1.7%
4.1%
-0.9%
-4.8%
-3.9%
0.5%
-0.1%
SOURCE: Fort Wainwright Army Base (FWA), Plans, Analysis and Integration Office (PAIO), and ALCOM, Alaskan
Command, 2011-2014.
NOTE:
Using Federal Fiscal Year (FFY) reporting periods: FFY1Q: Oct-Dec; FFY2Q: Jan-Mar; FFY3Q: Apr-Jun;
FFY4Q: Jul-Sept. 3rd Qtr. 2013 - federal government shutdown pushed back the release dates for data.
*
Does not include contract civilian positions or BLM.
MILITARY POPULATION
Eielson Air Force Base*
By Federal Fiscal Year Quarter: 2011-2014
Eielson Air Force FFY
Base
Qtr.
2011
2012
2013
2014
1
2
3
4
1
2
3
4
1
2
3
4
1
2
3
4
FFY
Months
Military Active
Duty Personnel
Military
Families
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sept
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sept
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sept
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sept
1,909
1,912
1,914
1,887
1,893
1,893
1,918
1,931
1,900
1,873
1,883
1,866
1,862
1,876
1,874
1,825
2,974
2,998
3,022
2,954
2,953
2,953
2,939
2,866
2,846
2,832
2,900
2,840
2,815
2,799
2,830
2,670
Total % Change from
previous quarter
4,883
1.4%
4,910
0.6%
4,936
0.5%
4,841
-1.9%
4,846
0.1%
4,846
0.0%
4,857
0.2%
4,797
-1.2%
4,746
-1.1%
4,705
-0.9%
4,783
1.7%
4,706
-1.6%
4,677
-0.6%
4,675
0.0%
4,704
0.6%
4,495
-4.4%
SOURCE: ALCOM, Alaskan Command, 2011-2014.
NOTE:
Using Federal Fiscal Year (FFY) reporting periods: FFY1Q: Oct-Dec; FFY2Q: Jan-Mar; FFY3Q: Apr-Jun;
FFY4Q: Jul-Sept. 3rd Qtr. 2013 - federal government shutdown pushed back the release dates for data.
*
Does not include contract civilian positions or BLM.
39
Fall 2014
ALASKA TEMPORARY ASSISTANCE PROGRAM (ATAP)
2010-2014
Average Monthly
Yr/Qtr
2010
Case Loads
1
2
3
4
1
2
3
4
1
2
3
4
1
2
3
4
1
2
2011
2012
2013
2014
Dollars Expended
250
263
269
257
274
270
263
259
268
244
230
239
246
233
235
257
266
268
$165,183
$166,753
$166,912
$165,805
$170,585
$161,197
$155,675
$156,542
$164,732
$147,349
$136,223
$147,477
$156,174
$148,351
$145,830
$154,548
$167,163
$172,090
SOURCE: Alaska Department of Health and Social Services, Division of Public
Assistance, personal communications, 2010-2014.
NOTE: Aid to Families With Dependent Children was renamed ATAP in 2003.
ALASKA TEMPORARY ASSISTANCE PROGRAM (ATAP)
Monthly Average
2010-2014
300
Case Loads
$200,000
Dollars Expended
$190,000
Case Loads
$170,000
$160,000
$150,000
$140,000
Dollars Expended
$180,000
$130,000
200
Quarter 1
2 3
2010
4
1
2 3
2011
4
1
2 3
2012
4
1
2 3
2013
4
1
$120,000
2
2014
Fall 2014
40
ADULT PUBLIC ASSISTANCE
2010-2014
Average Monthly
Yr/Qtr
2010
Case Loads
1
2
3
4
1
2
3
4
1
2
3
4
1
2
3
4
1
2
2011
2012
2013
2014
Dollars Expended
1,503
1,519
1,549
1,557
1,575
1,610
1,627
1,627
1,655
1,675
1,691
1,682
1,680
1,684
1,704
1,705
1,672
1,682
$420,570
$423,528
$434,298
$434,434
$435,685
$440,107
$447,555
$446,793
$455,454
$461,827
$466,030
$457,582
$456,463
$456,394
$464,094
$465,761
$460,809
$459,742
SOURCE:
Alaska Department of Health and Social Services, Division
of Public Assistance, personal communications 2010-2014.
ADULT PUBLIC ASSISTANCE
Monthly Average
2010-2014
1,750
Case Loads
$470,000
1,700
Dollars Expended
$460,000
Case Load
$440,000
1,600
$430,000
1,550
$420,000
1,500
$410,000
1,450
1,400
Quarter
41
Fall 2014
Dollars Expended
$450,000
1,650
$400,000
1
2 3
2010
4
1
2 3
2011
4
1
2 3
2012
4
1
2 3
2013
4
1
$390,000
2
2014
FOOD STAMPS
2010-2014
Average Monthly
Yr/Qtr
2010
Case Loads
1
2
3
4
1
2
3
4
1
2
3
4
1
2
3
4
1
2
2011
2012
2013
2014
Dollars Expended
2,619
2,761
2,745
2,765
2,996
3,200
3,221
3,344
3,583
3,660
3,617
3,611
3,613
3,591
3,505
3,550
3,466
3,515
$900,899
$942,884
$915,556
$839,323
$984,559
$1,029,679
$1,017,057
$1,013,054
$1,156,087
$1,164,953
$1,143,464
$1,110,048
$1,183,589
$1,156,175
$1,113,053
$991,814
$1,035,150
$1,057,470
SOURCE: Alaska Department of Health and Social Services, Division of Public
Assistance, personal communications 2010-2014.
FOOD STAMPS
Monthly Average
2010-2014
3
4,000
Case Loads
$1,500,000
Dollars Expended
3,500
$1,250,000
Case Load
$1,000,000
2,500
$750,000
2,000
1,500
$500,000
1,000
$250,000
500
0
Quarter
Dollars Expended
3,000
$0
1
2
3
2010
4
1
2
3
2011
4
1
2
3
2012
4
1
2
3
2013
4
1
2
2014
Fall 2014
42
GENERAL RELIEF
2010-2014
Average Monthly
Yr/Qtr
2010
Case Loads
1
2
3
4
1
2
3
4
1
2
3
4
1
2
3
4
1
2
2011
2012
2013
2014
Dollars Expended
7
5
9
10
12
17
17
12
24
24
20
23
29
27
26
19
26
33
$2,255
$2,122
$9,779
$4,455
$6,068
$17,930
$14,729
$15,790
$17,619
$21,936
$16,512
$20,737
$32,607
$28,490
$25,772
$22,357
$35,694
$45,642
SOURCE:
Alaska Department of Health and Social Services, Division of
Public Assistance, personal communications 2010-2014.
GENERAL RELIEF
Monthly Average
2010-2014
1993-97
35
Case Loads
30
Dollars Expended
Case Load
25
20
15
10
5
0
Quarter 1
2
3
2010
43
Fall 2013
4
1
2
3
2011
4
1
2
3
2012
4
1
2
3
2013
4
1
Dollars Expended
$50,000
$45,000
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
2
2014
REGISTERED VOTERS BY PARTY AFFILIATION
September 2014
------------------------------By District---------------------------
Political Party/Group
1
Alaska Constitution Party
3
2
5
4
Total
6*
3
5
8
7
10
4
37
1,951
1,591
890
1,863
1,689
615
8,599
Alaska Libertarian Party
103
99
101
122
86
51
562
Alaska Republican Party
2,867
3,339
4,826
3,452
3,053
2,443
19,980
400
330
388
343
347
251
2,059
34
26
17
123
56
13
269
Non-Partisan
2,046
1,576
1,679
2,614
2,247
1,058
11,220
Undeclared
4,509
4,020
4,579
5,125
4,753
2,223
25,209
25
24
15
12
11
10
97
11,938
11,010
12,503
13,661
12,252
6,668
68,032
Alaska Democrat Party
Alaskan Independence Party
Green Party of Alaska
Veterans Party of Alaska
TOTAL
SOURCE: Division of Elections website, http://www.elections.alaska.gov, Number of Registered Voters by Party Within Precinct, September
2014. District numbers were changed due to reapportionment with the U.S. Census 2010.
NOTE: Current precinct maps of those districts lying within the Fairbanks North Star Borough are available at
http://www.co.fairbanks.ak.us/elections/
*
Includes only those voters residing within the Fairbanks North Star Borough.
REGISTERED VOTERS BY PARTY AFFILIATION
September 2014
Alaska Constitution Party
Non-Partisan
30,000
25,000
20,000
15,000
10,000
5,000
0
Undeclared
Fall 2014
44
ANNUAL REGISTERED VOTERS BY PARTY AFFILIATION
September 2008-2014
Political Party/Group
2008
2009
2010
2011
2012
2013
2014
% Change
2013-14
1,726
1,730
1,936
1,954
2,088
2,024
2,059
1.7%
10,041
9,987
10,010
9,712
9,532
8,887
8,599
-3.2%
442
427
482
474
491
508
562
10.6%
19,159
19,272
19,583
19,958
20,917
20,318
19,980
-1.7%
Non-Partisan
10,603
10,634
11,010
11,142
11,401
11,213
11,220
0.1%
Undeclared
26,417
24,768
25,262
25,574
25,686
24,706
25,209
2.0%
0
0
374
3
10
17
37
117.6%
459
404
460
355
320
276
269
-2.5%
47
48
70
76
93
94
97
3.2%
68,894
67,270
69,187
69,248
70,538
68,043
68,032
0.0%
Alaska Constitution Party^
TOTAL
SOURCE: Division of Elections website, http://www.elections.alaska.gov/, Number of Registered Voters by Party Within Precinct, September
2014. District numbers were changed due to reapportionment with the U.S. Census 2010.
^
2011 noted the addition of the Alaska Constitution Party.
TOTAL ANNUAL REGISTERED VOTERS
September 2008-2014
71,000
70,000
69,000
68,000
67,000
66,000
45
Fall 2014
2014
2013
2012
2011
2010
2009
2008
65,000
FNSB VICINITY MAP
Date of
Incorporation:
January 1, 1964
Form of
Government:
Second Class Borough
Type of
Government:
Population (2013)
US Census:
Size:
Borough Mayor, 3 yr. Term
Assembly, 9 Members
Elected at large, 3 yr. Terms
100,436
7,361 square miles
19,065 square kilometers
Certified Assessed
Valuation (2013): $8,490,768,875 (non-pipeline)
$ 869,679,750 (pipeline)
Community Research Center
PO Box 71267
Fairbanks, AK 99707-1267
TO:

community research quarterly - Fairbanks North Star Borough

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community research quarterly - Fairbanks North Star Borough