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Housing and Real Estate 49 Community Research Quarterly //,_.-''( A Review of Socio-Economic Trends Fairbanks, Alaska February, 1983 Volume V, Number 4 ...... ARLlS •::..,. ./ ALA:srtcA ~ i.mrwtY & INroRMA"nnON ~M!BI 3150CSTREBt, Suns ANaioRAGi • .<~~~ BOROUGH MAYOR B. B .. Allen COMMUNITY RESEARCH CENTER STAFF Patricia Book, Administrator Jacki Arradondo, Research Analyst Craig Helmuth, Research Analyst Cathy Nichols, Research Aide Diane Burgert, Department Assistant FAIRBANKS NORTH STAR BOROUGH, COMMUNITY RESEARCH CENTER Location: 529 Sixth Avenue Phone: (907) 452-4761 Mailing Address: P.O. Box 1267, Fairbanks, Alaska 99707 ARLIS Alaska Resources Library & Information Services Librarv Building. Suite 111 321 f Providence Drive Anchorage, AK 99508~614 COMMUNITY RESEARCH CENTER ADVISORY BOARD Chairman: Pat O'Brien Vice-Chairman: Ralph Seekins Rhonda Curwen Juanita Helms Lottie Fleeks Leslye Korvola Don Hart Richard Seifert Larry Sweet The Advisory Board meets regularly on the fourth Tuesday of the month at 7:30p.m. in the Community Research Center•s offices at 529 Sixth Avenue. The public is invited to attend and partici­ pate. ACKNOvJLEDGEMENTS The Community Research Center staff would like to thank the many persons, businesses, government agencies and organizations who provided information included in this report. We especially acknowledge Becky Barkuloo, Mark Cameron, Neal Fried, Ruth Hanson, Connie Monroe, Edith Rohde and Bonnie Williams. TABLE OF CONTENTS List of Figures 2 List of Tables 3 Summary 5 Economic Trends 11 Employment 23 Housing and Real Estate 49 Costs and Energy 75 Population and Social Conditions 87 LIST F Fl URES No. Commercial and Mutual Savings Banks Deposit and Loan Summary 15 2 Fairbanks International Airport Statistics 17 3 Alcan Highway Passenger Counts 20 4 Unemployment Rates 29 5 Average Federal Adjusted Gross Income Per Tax Return 45 6 Rental Housing Units Advertised 57 7 Average Asking Prices of Single-Family Houses Advertised for Sale 58 8 Number of Single-Family Houses Advertised for Sale 59 9 New Housing Units Authorized 61 10 Housing Vacancy .Rates 66 ll Price of 1,000 Kilowatt-Hours of Residential Electricity 85 12 Public School Enrollments 100 13 Fairbanks North Star Borough Map l 06 2 LIST F TABLES No. 1 Commercial and t~utual Savings Banks Deposit Summary 14 2 Commercial and Mutual Savings Banks Loan Summary 15 3 Fairbanks International Airport Statistics 16 4 Jet Landings at the Fairbanks International Airport 18 5 Average Daily Traffic Counts 19 6 Alcan Highway Passenger Counts 20 7 Average Daily Traffic on the Yukon River Bridge 21 8 Estimated Nonagricultural Wage and Salary Employment 28 9 Nonagricultural Wage and Salary Employment Index 29 10 Unemployment Rates 30 ll Civilian Labor Force Summary, Fairbanks North Star Borough 31 12 Civilian Labor Force Summary, Alaska 32 13 Job Openings Listed with Fairbanks Job Service 33 14 Average Entry Level Wage Rates for Selected Occupations 34 15 Laborers' and Mechanics' Pay Scale 35 16 Annual Pay Scale for Federal Government Employees 36 17 Annual Pay Scale for State Government Employees 37 18 Annual Pay Scale for Borough Government Employees 38 19 Annual Pay Scale for Non-Union City Government Employees 39 20 Annual Pay Scale for City Fire Department Employees 40 21 Annual Pay Scale for Certified School District Employees 41 22 Annual Pay Scale for Administrative School District Employees 41 23 Annual Pay Scale for Classified School District Employees, Based on a 9-Month Contract 42 24 Annual Pay Scale for Classified School District Employees, Based on a 12-Month Contract 43 25 Tax Returns Filed by Adjusted Gross Income Range 44 26 Average Federal Adjusted Gross Income Per Tax Return 45 27 Summary of Businesses, Fairbanks North Star Borough 46 28 Summary of Businesses, Alaska 47 29 Rental Housing Units Advertised, September 1982 54 30 Rental Housing Units Advertised, October 1982 54 31 Average Rents for Housing Units Advertised, 1977-1982 55 32 Rental HousiQg Units Advertised, 1975-1982 56 33 Asking Prices of Houses Advertised for Sale, November 1982 57 34 Average Asking Prices of Houses Advertised for Sale, 1981-1982 58 35 Number of Houses Advertised for Sale, 1981-1982 59 36 Number of Mortgages Recorded 60 37 Residential i··1ortgages Purchased by Alaska Housing Finance Corporation 61 38 New Housing Units Authorized, Fairbanks North Star Borough 62 39 New Housing Units Authorized, Selected Alaskan Cities 63 3 No. 40 Dollar Value of Building and Zoning Permits Issued 64 41 Housing Units and Vacancy Rates, Fairbanks, Alaska 65 42 Housing Units and Vacancy Rates, Selected Alaskan Cities 66 43 Commercial Space Advertised for Rent 67 44 Office Space Inventory 68 45 Retail Space Inventory 70 46 Mixed-Use Developments Inventory, for Buildings Combining Retail and Office Space 71 47 Warehouse Space Inventory, for Owner-Occupied Space 72 48 Warehouse Space Inventory, for Renter-Occupied Space 73 49 Hotel/Motel Winter Daily Rates 74 50 Consumer Price Index-U, Anchorage, Alaska 78 51 Consumer Price Index-U, U.S. City Average 79 52 Consumer Price Index-U for All Items, Anchorage, Alaska, 1970-1982 80 53 Consumer Price Index-U for All Items, U.S. City Average, 1970-1982 80 54 Food Price Comparisons 81 55 Gasoline Price Comparisons 82 56 #1 Heating Oil Price Comparisons 83 57 #2 Heating Oil Price Comparisons 83 58 Residential and Commercial Electric Rates 84 59 Price of 1,000 Kilowatt-Hours of Residential Electricity 85 60 Population Estimates 91 61 1980 Census of Population and Housing, Summary Tape File lA, Fairbanks, Alaska 92 62 1980 Census of Population and Housing, Summary Tape File lA, North Pole, Alaska 94 63 1980 Census of Population and Housing, Summary Tape File lA, Fairbanks North Star Borough 96 64 Criminal Offenses Summary 98 65 Public School Enrollments 99 66 Public Assistance Summary 100 67 Tanana Valley State Fair Statistics 101 68 Air Quality Summary 102 69 Average and Record Temperatures 103 70 Precipitation 104 71 Snowfall 105 4 SUMMARY ECONOt1I C TRENDS Pages ll-21 Commercial and ~·1utual Savings Banks Deposit Summary: The $316.3 million on deposit in Fairbanks area banks on September 30, 1982 was the largest amount ever on deposit during the six years the CRC has surveyed this data. Commercia 1 and ~1utua 1 Savings Banks Loan Summary: There was $159.7 million on loan from Fairbanks area banks on September 30, 1982, the lowest amount ever for that date during the five years the CRC has surveyed this data. Fairbanks International Airport Statistics: While the number of passen­ gers through the Fairbanks International Airport during the first ll months of 1982 was the highest it has been since the peak of the pipeline in 1976, the amount of freight handled and the number of operations (take-offs and landings) during this period were the lowest they have been since pre-pipeline years. Jet Landings at the Fairbanks International Airport: Although the departure of China Airlines and Korean Airlines lowered the number of jet landings by foreign airlines by over 170 between the third quarters of 1981 and 1982, the addition of a new domestic airline, Western Airlines, with 273 landings during the third quarter of 1982, more than compensated for the loss. Average Daily Traffic Counts: Average daily traffic in the major areas in the Fairbanks North Star Borough was 17-23% higher in December 1982 than in December 1981; traffic at most counter locations was the highest it has been in December during the past six years. Alcan Highway Passenger Counts: The total number of persons entering Alaska via the Alcan in 1982 was only l ,400 less than the peak pipeline count in 1975; the July 1982 count of 32,831 was the highest monthly count ever. Average Daily Traffic on the Yukon River Bridge: On the average, truck traffic across the Yukon River Bridge during the first ll months of 1982 was 9% higher than during the corresponding period in 1981. EMPLOYr1ENT Pages 23-47 Estimated Nonagricultural vJage and Salary Employment: Overall nonagri­ cultural wage and salary employment in Fairbanks increased 3% between October 1981 and October 1982; state government employment increased 8%, local government employment increased 2%, and federal government employment decreased 4% during this period. Nonagricultural Wage and Salary Employment Index: Nonagricultural wage and salary employment in Fairbanks during 1982 was at its highest level since the end of pipeline construction in 1977. Unemployment Rates: In November 1982, for the fifth month in a row, Alaska's unemployment rate was lower than the national unemployment rate; the Fairbanks, rate, meanwhile, climbed to 14.9% in November 1982. Civilian Labor Force Summary, .Fairbanks North Star Borough: While the number of persons employed in Fairbanks remained relatively stable between 1981 and 1982, the number of unemployed persons increased over 20%, forcing the unemployment rate up. 5 Civilian Labor Force Summary, Alaska: The Fairbanks labor force comprised 11% of the total labor force in the state in October 1982, and had the fifth highest unemployment rate among the state's 29 census divisions. Job Openings Listed With Fairbanks Job Service: There were 1,794 job openings listed with the Fairbanks Job Service during the third quarter of 1982, the largest number of jobs listed in a quarter during the past four years. Avera e Entr Level Wa e Rates for Selected Occu ations: Average entry level wage rates in Fairbanks exclusive of union occupations) ranged from $4.32 for a waiter or waitress to $25.67 for an airplane pilot in June 1982. Laborers' and Mechanics' Pay Scale: Basic hourly rates for laborers and mechanics working on public construction in the Fairbanks area ranged from $17.06 for drivers of certain trucks to $25.17 for asbestos workers in December 1982. Annual Pay Scales for Government Employees: Annual pay scales for federal, state and borough government employees ranged from 4% to 12% higher in December 1982 than in November 1981; city government pay scales remained the same, but positions were moved up several ranges, resulting in effective salary increases of over 30% for some positions.
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