NAICS 23

Construction in Fairbanks-College, AK

Metro Market Score 58.2 (Challenging), ranked #273 of 342 metros. 317 establishments, 2,884 jobs.

Metro Market Score 58.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market📈Rapid Growth

With a 1.48 location quotient, Fairbanks-College has an outsized construction presence relative to its population. That concentration (index: 89.5) creates a mature local market where supplier networks are established but differentiation matters more.

Industry Concentration

89.5

LQ: 1.48

Rank #306 of 342 metros

Wage Competitiveness

99.7

$112,504 avg wage

Growth Trend

↑ 88.9

Employment growth index

Rank #39 of 342 metros

Wage Pressure

37.9

YoY wage change index

317 Construction Firms in Fairbanks-College

317

Establishments

-3.4% YoY

2,884

Total Employment

+8.5% YoY

$112,504

Average Annual Wage

+6.1% YoY

1.48

Location Quotient

Above national avg

Within Alaska

#2 of 2

construction metros in state

Alaska state rank

#50 of 51

for construction entry risk

vs State Median

0.0

matches median (58.2)

Fairbanks-College vs Alaska Statewide

How this metro's construction market compares to Alaska overall. The state ranks #50/51 for entry risk.

Measure	Fairbanks-College	AK Statewide
Overall Score	58.2 Challenging	60.9 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#273 of 342 metros	#50 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Fairbanks-College

Finance and Insurance 28.8 Information 35.5 Real Estate and Rental and Leasing 40.6 Professional, Scientific, and Technical Services 43.0 Administrative and Support Services 51.9 Other Services 57.2 Healthcare and Social Assistance 64.6 Retail Trade 74.3 Accommodation and Food Services 80.4

Construction in Other Alaska Metros

Anchorage 55.7 #252/342

Construction Metros With Similar Conditions

Metros within 5 points of Fairbanks-College's 58.2 score. Useful when comparing markets with comparable entry profiles.

Lexington Park, MD 58.1 #272/342 Houma-Bayou Cane-Thibodaux, LA 58.3 #274/342 Syracuse, NY 58.5 #275/342 Kansas City, MO 57.9 #271/342 Yuba City, CA 57.6 #270/342 Oxnard-Thousand Oaks-Ventura, CA 57.6 #269/342 Homosassa Springs, FL 57.6 #268/342 Cleveland, TN 57.5 #267/342 Odessa, TX 57.5 #266/342 Bakersfield-Delano, CA 57.5 #265/342

Browse Construction in Other States

State-level entry risk reports for construction across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Fairbanks-College's construction sector, the wage competitiveness component (99.7) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Fairbanks-College, AK MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment