Engineering Fairbanks, AK Pop. 32,325

Aerospace Engineer Salary in Fairbanks, Alaska

The median aerospace engineer salary in Fairbanks, AK is $164,944 per year, which is 30.0% above the national median and 4.8% above the Alaska state average.

City Median
$164,944
vs State Avg
+$7,613
vs National
+$38,064
Cost of Living
130%

Aerospace Engineer Pay in Fairbanks: What to Expect (2026)

Fairbanks offers a median aerospace engineer salary of $164,944, which is $7,613 above the Alaska state average of $157,331. Compared to the national median of $126,880, Fairbanks pays above average for this role.

However, Fairbanks's cost of living index is 130%, significantly above the national average. After adjusting for local costs, the $164,944 salary has an effective purchasing power of approximately $126,880. Housing, transportation, and food costs in Fairbanks should be factored into any relocation or job-change decision.

The salary range for aerospace engineers in Fairbanks spans from $101,400 at the 10th percentile to $249,600 at the 90th percentile — a $148,200 spread. Entry-level professionals start around $104,000, while senior aerospace engineers with 8+ years of experience can earn up to $240,500. Fairbanks is a smaller market (pop. 32,325), which may mean fewer openings but also less competition for available positions.

Aerospace Engineer Salary in Fairbanks by Experience

In Fairbanks, an entry-level aerospace engineer earns around $104,000, while experienced professionals earn up to $240,500 per year. The local cost of living index is 130% of the national average.

Entry Level (0-2 yrs)
$104,000
+$24,000 vs national
Mid Level (3-7 yrs)
$166,400
+$38,400 vs national
Senior Level (8+ yrs)
$240,500
+$55,500 vs national

Salary Percentiles in Fairbanks, AK

Percentile Fairbanks
10th Percentile $101,400
25th Percentile $130,000
Median (50th) $164,944
75th Percentile $208,000
90th Percentile $249,600

Aerospace Engineer Salary in Other Alaska Cities

How to Become a Aerospace Engineer in Fairbanks

Education

Most aerospace engineer positions require a bachelor's degree. Fairbanks and the surrounding Alaska area have institutions offering relevant programs.

Key Skills

AerodynamicsCATIA/CADStructural AnalysisMATLABPropulsion SystemsFEA

Job Outlook

Nationally, aerospace engineer employment is projected to grow 6% over the next decade (faster than average). Demand in Fairbanks may vary based on local industry and population growth.

Find Aerospace Engineer Jobs in Fairbanks

Browse open aerospace engineer positions in Fairbanks, AK:

Frequently Asked Questions: Aerospace Engineer Salary in Fairbanks

How much does a Aerospace Engineer make in Fairbanks, AK? ▼
The median aerospace engineer salary in Fairbanks, Alaska is $164,944 per year, which is 30.0% above the national median of $126,880. Salaries range from $101,400 (10th percentile) to $249,600 (90th percentile).
How much does a Aerospace Engineer make per hour in Fairbanks? ▼
Based on the median annual salary of $164,944, a aerospace engineer in Fairbanks earns approximately $79 per hour assuming a standard 2,080-hour work year.
How does Fairbanks compare to the Alaska state average for aerospace engineer pay? ▼
Fairbanks's median aerospace engineer salary of $164,944 is 4.8% above the Alaska state average of $157,331. The local cost of living index is 130% of the national average.
What is the cost of living in Fairbanks, AK? ▼
Fairbanks has a cost of living index of 130% compared to the national average. This means a aerospace engineer salary of $164,944 in Fairbanks has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a aerospace engineer in Fairbanks? ▼
Most aerospace engineer positions in Fairbanks require a bachelor's degree. Key skills include Aerodynamics, CATIA/CAD, Structural Analysis, MATLAB. The job market is projected to grow 6% nationally over the next decade.