NAICS 52

Finance and Insurance in Fairbanks-College, AK

Metro Market Score 28.8 (Favorable), ranked #38 of 331 metros. 72 establishments, 524 jobs.

Metro Market Score 28.8

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

ⓘ Lower is better. Relative to national finance and insurance average.

✓Favorable Market

Labor costs are a clear advantage in Fairbanks-College's finance and insurance sector. The wage competitiveness index of 13.0 puts it among the lowest-cost metros, and wage pressure at 40.6 suggests that gap is holding steady.

Industry Concentration

7.0

LQ: 0.35

Rank #23 of 331 metros

Wage Competitiveness

13.0

$70,332 avg wage

Growth Trend

47.7

Employment growth index

Rank #174 of 331 metros

Wage Pressure

40.6

YoY wage change index

72 Finance and Insurance Firms in Fairbanks-College

Establishments

-5.3% YoY

524

Total Employment

-0.9% YoY

$70,332

Average Annual Wage

+4.1% YoY

0.35

Location Quotient

Below national avg

Within Alaska

#1 of 2

finance and insurance metros in state

Alaska state rank

#21 of 51

for finance and insurance entry risk

vs State Median

-33.1

better than median (61.9)

Fairbanks-College vs Alaska Statewide

How this metro's finance and insurance market compares to Alaska overall. The state ranks #21/51 for entry risk.

Measure	Fairbanks-College	AK Statewide
Overall Score	28.8 Favorable	49.7 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#38 of 331 metros	#21 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

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 Construction 58.2 Healthcare and Social Assistance 64.6 Retail Trade 74.3 Accommodation and Food Services 80.4

Finance and Insurance in Other Alaska Metros

Anchorage 61.9 #257/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Fairbanks-College's 28.8 score. Useful when comparing markets with comparable entry profiles.

Huntington-Ashland, WV 28.8 #39/331 Twin Falls, ID 28.7 #37/331 Lawrence, KS 29.0 #40/331 El Centro, CA 28.6 #36/331 Laredo, TX 28.6 #35/331 Anniston-Oxford, AL 29.0 #41/331 Kenosha, WI 29.0 #42/331 Gadsden, AL 29.2 #43/331 Farmington, NM 29.4 #44/331 Eagle Pass, TX 28.1 #34/331

Browse Finance and Insurance in Other States

State-level entry risk reports for finance and insurance 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 finance and insurance sector, the employment growth component (52.3) 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