COMMUNITY RESEARCH QUARTERLY

Transcription

1 Fairbanks North Star Borough Community Research Center PO Box Fairbanks, Alaska (907) COMMUNITY RESEARCH QUARTERLY A Socio - Economic Review Fall 2012 Volume XXXV, No. 3

2 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:, Community Research Center, Community Research Quarterly, Vol. XXXV, No. 3, 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 The cover photo is of the Solar Borealis Arch just north of the Fairbanks International Airport on the exit route. It is compliments of Kenelm Philip, PhD, astronomer, butterfly collector/photographer, senior research scientist at the UAF Institute of Arctic Biology, retiree and so much more. His unique camera eye is worthy of capture!

3 FAIRBANKS NORTH STAR BOROUGH COMMUNITY RESEARCH QUARTERLY A Review of Socio - Economic Trends Volume XXXV, Number 3 Fall 2012 BOROUGH MAYOR Luke Hopkins COMMUNITY PLANNING DEPARTMENT Bernardo Hernandez, Director COMMUNITY RESEARCH CENTER Janet R. Davison, (ed.) Documentation Coordinator II, Community Research Center PO Box 71267, Fairbanks, Alaska Phone: (907) ; jdavison@fnsb.us WEBSITE:

4 Table of Contents A Spotlight on Community Economic Trends NEW Page i-ii Fairbanks Economy at a Glance 1-2 Economic Indicators 3-16 Bank Deposit & Loan Summary 3 Bankruptcies Filed 4 Notices of Default 5 Foreclosures 6 Fairbanks International Airport Freight 7 Fairbanks International Airport Transit Freight 8 Fairbanks International Airport Revenue Landings 9 Fairbanks International Airport Passengers 10 Alaska Highway Statewide Entering Passengers 11 Alaska Highway Statewide Exiting Passengers 11 Alaska Highway Statewide Net Annual Migration Trends 12 Alaska Highway Statewide Net Monthly Migration 12 Hotel / Motel Room Receipts 13 Quarterly Hotel / Motel Room Receipts 13 Annual Hotel / Motel Room Receipts 14 University of Alaska Museum Visitors 15 Morris Thompson Cultural and Visitor Center 15 Value of Agricultural Production, Tanana Valley 16 Employment Civilian Labor Force Unemployment Rates Average Monthly Employment Estimates by Sector 18 Average Monthly Employment Estimates by Industry 19 Annual Average Monthly Employment 20 Annual Average Monthly Employment by Industry 21 Annual Average Monthly Wage by Industry 22 Quarterly Census of Employment and Wages by Industry 23 Housing Apartment/Multi-Plex Vacancy Rates 24 Rental Housing Units Available 25 Average Monthly Rents for Available Housing Units 26 Residential Housing Sales 27 Annual Average Residential Housing Sales 28 New Structures Annual Report 29 a Fall 2012 Community Research Quarterly

5 Table of Contents Cost of Living C2ER Cost of Living Index Consumer Price Index-U for All Items 31 Consumer Price Index-U (Anchorage) 32 Consumer Price Index-U for All Items (U.S. City Average) 32 Cost of Food at Home for a Week 33 Natural Gas Customers and Rates 34 Heating Oil Prices 35 Residential Heating Fuel Comparison 36 Comparison Pricer Per 100,000 BTU's of Useful Heat 36 Average Self-service Unleaded Gasoline Prices 37 Population & Social Conditions Population Counts & Estimates 38 Military Population 39 Alaska Temporary Assistance Program (ATAP) 40 Adult Public Assistance 41 Food Stamps 42 General Relief 43 Registered Voters by Affiliation 44 Annual Registered Voters by Party Affiliation 45 Page 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. Community Research Quarterly Fall 2012 b

6 DOT: Steady growth forecast for major Alaska airports E L W O O D B R E H M E R, A L A S K A J O U R N AL O F C O M M E R C E Oct 25, :21 PM AKST The Alaska Department of Transportation & Public Facilities recently released its forecast summaries for both Ted Stevens Anchorage International and Fairbanks International airports. The reports were prepared to provide the Alaska International Airport System, or AIAS, with data regarding trends in both passenger and cargo traffic through both airports, which will be used to aid in long-term planning strategies for both airports, according to an internal AIAS letter available on its website. Numbers in each summary represent current economic uncertainties and trends and are a reasonable estimate of long term future activity levels, the letter states. According to both summaries, led by HNTB Corp. of Arlington, Va., they do not take in to account capacity constraints of either location, rather they assume changes in traffic levels will be accounted for by recent or future airport upgrades. The summaries use 2010 statistics for baseline numbers and project out to the year 2030 for all airport traffic predictions. The Stevens Airport Forecast Summary estimates a 700,000-passenger increase in total enplaned passenger traffic through the facility over the 20-year period. That equates to just over a 22 percent increase from the roughly 2.4 million travelers who went through Stevens Airport in Enplaned passengers are those making their initial departure or final stop on a trip, as opposed to transit passengers using the airport to connect flights without passing through a security checkpoint. While the sheer bulk of the projected increased activity at Anchorage Airport will be due to domestic passengers, enplaned international traffic is expected to climb from 31,700 passengers to nearly 58,000, an 82 percent rise, according to the summary. During a presentation at the World Trade Center Alaska: Trade is Transportation Conference on Oct. 10, Stevens Airport Manager John Parrott said Russian carrier Yakutia Airlines and Icelandair have announced plans to start regular summer service to Anchorage starting in spring Parrott also said airport officials expect an overall increase in traffic from European tourists in the future. In contrast, transit passenger levels, particularly international transit passengers, are expected to virtually disappear almost immediately, according to the summary. In 2010, more than 165,000 international transit passengers passed through Stevens Airport. That number is anticipated to drop by nearly 89 percent to 18,000 passengers by Domestic transit service is projected to decrease 55 percent from its 2010 level of 22,000 passengers over the same period. The biggest reason for the decline is the use of newer, larger aircraft by international carriers, Parrott said. The (Boeing) 777 makes it unnecessary and not as efficient for carriers to stop in Alaska, he said. The Anchorage forecast summary furthers Parrott s statement, predicting that the introduction of additional long-haul aircraft such as the Boeing 787, coupled with security requirements and competitive pressures from other Asian and U.S. carriers, will force remaining transit carriers to operate non-stop. Any future transit activity will be from charters flying smaller and older aircraft and from a small number of passengers flying on cargo carriers. Total traffic passing through Anchorage Airport is predicted to rise from nearly 2.6 million passengers to about 3.1 million in 2030, a 21 percent increase. These numbers include air taxi passengers, considered a separate category from domestic and international passengers. Their 1.2 percent annual growth over the 20-year period helps offset the loss of transit passengers in terms of the overall numbers. i Fall 2012 October 4, 2012 Alaska Journal of Commerce Community Research Quarterly

7 The Fairbanks summary predicts an increase similar to that of Stevens Airport in total passenger traffic, enplaned and transit passengers. The Fairbanks airport serviced 519,000 passengers in 2010 and that number is expected to increase by 26 percent to just over 654,000. Stevens Airport is the fifth-largest cargo hub in the world, Parrott said, and he expects that cargo to continue to pass through the airport at a very high rate. However, new planes with larger capacities and longer ranges combined with expansion of new world markets will impact how that cargo is delivered and where it comes from, at both Anchorage and Fairbanks airports in the coming years, according to the summaries. Boeing s F, which has long been the standard aircraft for long haul freighters, has a range of 3,800 miles at full payload. The McDonnell Douglas MD-11F, and the larger F and 800, push range limits to more than 5,000 miles, as does the Boeing 777. Currently, Stevens Airport and Fairbanks International Airport handle about 77 percent of non-transfer cargo flights from Asia en route to North America. That number is expected to fall to 55 percent by 2030, largely due to freight carriers evolving their fleets to be comprised of long-range aircraft that don t need to make stops in Alaska to refuel, the summary explains. Still, carriers must trade-off between flying at maximum payload and carrying less fuel or flying less-than-full planes with more fuel, and thus longer flight ranges. For Alaska s largest airports this means fewer landings, but larger cargo loads. According to the summary total eastbound cargo flowing through AIAS airports is expected to increase from about 1.7 million tons to 3.1 million tons, over the same time. A similar situation exists with westbound cargo. While traffic will fall from 63 percent to 39 percent of all non-transfer North America to Asia-bound cargo flights, total cargo should see an increase from 0.7 million tons to 1.3 million tons between the two airports. As would be expected, Anchorage Airport sees many times more cargo activity than Fairbanks Airport. In 2010 Anchorage saw a total of nearly 5 million tons of cargo freight pass through its airport, to make it the fifth largest airfreight port in the world, Parrott said, while Fairbanks moved 38,000 tons. Over the next 20 years Anchorage Airport can expect its freight load to increase by 76 percent to 8.8 million tons. Fairbanks Airport, it s predicted, will move 49,000 tons in 2030, a 29 percent increase, according to the summary. For both airports, intra-alaska cargo amounts are expected to remain fairly flat, meaning the increases will come in cargo moving to and from the greater North America and Asia. Both forecast summaries note that much of how future Asian-origin cargo traffic is routed will determine on which country it is coming from. China, Asia s fastest growing economy, is farther from North America than Japan, the region s slowest growing economy. If that trend holds, an increasing percentage of Asia-North America air cargo will need to be transported a greater distance a factor that would increase the number of flights which require a technical stop, the summary notes, referring to refueling in Alaska. This could be good news for Alaska s largest airports. In his presentation at the Oct. 10 trade conference, Parrott said he is encouraged looking at Anchorage and Fairbanks airports as partners. A recent agreement between the two means aircraft with a flight-plan leading to one can be diverted to the other without being charged an additional landing fee. The original fee will cover the unexpected landing. This is a convenience issue for international carriers, particularly those hauling cargo, because Anchorage and Fairbanks are a tenminute flight detour away from each other, Parrot said. Additionally, being separated by the Alaska Range provides a weather barrier between the two. That barrier has prevented Anchorage and Fairbanks from ever being closed simultaneously, assuring aircraft on long international journeys will always have a place to land, Parrott noted. It may not seem outwardly important, he said, but it s one of several reasons why he see s a bright future for Alaska s large airports. Elwood Brehmer can be reached at elwood.brehmer@alaskajournal.com. This article appears in the October Issue issue of Alaska Journal of Commerce Community Research Quarterly October 4, 2012 Alaska Journal of Commerce Fall 2012 ii

8 ECONOMY AT-A-GLANCE Economic Indicator Current Data Period Reporting Period 3rd Qtr. '12 One Period Ago % Change from 2nd Qtr. '12 One Year Ago % Change from 3rd Qtr. '11 BANKING Total Bank Deposits (millions of $) $1, % 5.7% Total Bank Loans (millions of $) $ % 7.8% BANKRUPTCIES Business Non-Business % -11.4% TRANSPORTATION Fairbanks International Airport Incoming Freight (thousands of lbs.) 2, % -1.6% Outgoing Freight (thousands of lbs.) 11, % 20.5% Transit Freight (thousands of lbs.) 1, % 72.9% Revenue Landings 6, % -9.4% Incoming Passengers 153, % 1.5% Outgoing Passengers 155, % 2.6% Alaska Highway (statewide) Entering Passengers 50, % -0.3% Exiting Passengers 50, % -5.8% EMPLOYMENT Total Employment 40, % 4.6% Mining and Logging 1, % 30.8% Construction 3, % -3.1% Manufacturing % 0.0% Trade/Transportation/Utilities. 8, % -3.6% Information % 0.0% Financial Activities 1, % 0.0% Professional & Business Services 2, % -10.3% Education & Health Services 5, % 4.0% Leisure & Hospitality 4, % 2.1% Other Services 1, % 8.3% Government 11, % -2.6% NOTE: Employment numbers rounded to nearest Fall 2012 Community Research Quarterly

9 Fairbanks Economy at a Glance NA = Not available. (continued) Economic Indicator Current Data Period One Period Ago One Year Ago Reporting Period (annual/by qtr.) CONSTRUCTION Annual New Structures Annual Report (2011) % 0.0% Reporting Period (annual/by qtr.) 3rd Qtr. '12 2nd Qtr. '12 3rd Qtr. '11 REAL ESTATE Single Family Houses Number Sold % 30.5% Average Price $221, % 2.8% RENTALS Residential Rentals Rental Units Advertised % -45.9% Average Rent (2 bdrm. apartment) $1, % 10.4% MILITARY Military Active Duty Personnel 8, % -12.3% Military Dependents 13, % 8.0% POPULATION++ FNSB (Census annual)* 99, % 1.7% City of Fairbanks* (annual) 32, % 1.6% City of North Pole* (annual) 2, % 1.7% FNSB (DCCED annual)^ 97, % 0.0% FNSB (ADOL annual)** 97, % 0.0% City of Fairbanks** (annual) 30, % -3.1% City of North Pole** (annual) 2, % -0.1% SOURCE: (1) U.S. Census Bureau, Population Division, July 1st estimates. Table 1: Annual Estimates of 0.0% the Resident Population for Counties of Alaska: April 1, 2010 to July 1, 2011 (CO-EST ), April Table 3: Annual Estimates of the Resident 0.0% Population for Incorporated Places in Alaska: April 1, 2010 to July 1, 2011 (SUB-EST ), June *Intercensal Estimates of the Resident Population for Incorporated Places and Minor Civil Divisions: April 1, 2000 to July 1, % Geographic change notes defined at: 0.0% (2) Alaska Department of Labor and Workforce Development, Research and Analysis Section; US Census Bureau. Population of Alaska by Economic Region, Borough and Census Area, Reflecting *Intercensal 0.0% , 2010 Census and Postcensal Vintage All numbers are based on 2010 Census geography. ADOL website: % October (3) Alaska Department of Commerce, Community and Economic Development (DCCED), Division 0.0% of Community and Regional Affairs, 2011 Commissioner Certified Estimates, January 15, 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. Once certified, DCCED numbers may be applied for two consecutive calendar years. DCCED website: 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 estimated numbers may be revised annually. ADOL numbers are provisional. Community Research Quarterly Fall

10 ECONOMIC INDICATORS BANK DEPOSIT & LOAN SUMMARY , End of Quarter Loan-to-Deposit Ratio BANK DEPOSIT & LOAN SUMMARY * Deposits Millions of Dollars March 31 $657.9 $698.4 $699.9 $751.1 $786.9 $873.8 $938.3 $957.0 June 30* $682.1 $717.2 $731.2 $754.6 $826.9 $889.4 $929.3 $983.6 Sept. 30 $700.9 $747.3 $752.7 $807.4 $847.0 $927.1 $966.3 $1,021.4 Dec. 31 $703.9 $741.1 $762.1 $782.3 $887.0 $949.2 $960.3 Loans Millions of Dollars March 31^ $503.1 $543.2 $610.5 $629.1 $685.4 $660.0 $646.9 $619.5 June 30* $527.8 $587.0 $650.9 $653.7 $701.4 $674.4 $651.6 $644.7 Sept. 30 $556.9 $600.7 $659.8 $662.9 $669.0 $656.0 $636.1 $685.6 Dec. 31* $562.4 $608.9 $634.6 $673.0 $667.6 $676.0 $636.7 SOURCE: Denali State Bank, (Interior City Branch) 1st National Bank of Anchorage, Mt. McKinley Bank, Northrim Bank included in survey March 31, 1997, Key Bank of Alaska 1991 through June 30, 1997, Wells Fargo Bank Alaska, N.A. purchased and replaced National Bank of Alaska 2nd quarter 2001, personal communications NOTE: As of June 30, 2004, Wells Fargo Bank, N.A. will reflect the following 5 branches: Bentley Mall, College, Cushman, Gaffney and North Pole. * Adjustment made to data entered March-June 2008 in October ^ Calculation adjusted loan value only, November Fall 2012 Community Research Quarterly

11 Economic Indicators TOTAL BANKRUPTCIES FILED Alaska Fourth Judicial District, Fairbanks Office Combined Bankruptcies * 2011* 2012* Nonbusiness 1st Quarter nd Quarter rd Quarter th Quarter Total % Change from Previous Year 104% -75% 9% 26% 42% -15% -2% Business 1st Quarter nd Quarter rd Quarter th Quarter Total % Change from Previous Year Combined Annual Total BANKRUPTCIES FILED Alaska Fourth Judicial District, Fairbanks Office % -70% 41% -13% -71% -67% -50% SOURCE: U.S. Courts website: and personal communications with FNSB Collections Department, May NOTE: S. 256, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the "Act") provides, at Section 1501, a general effective date of 180 days from the date of enactment. Section 1501 further provides that the Act's amendments are applicable only to cases filed on or after the effective date. Attorneys anticipate a rush of clients in the months leading up to October 17, trying to file before the changes take effect. Those who do not make that deadline will face a longer, more difficult process, involving more paperwork and, possibly, less relief at the end. The Act is expected to discourage consumers from filing personal bankruptcies and for those who file, to be more expensive in terms of attorneys' fees as well as more being paid to creditors due to the means test. 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). Community Research Quarterly Fall

12 Economic Indicators NOTICES OF DEFAULT Fairbanks Recording District* ^ % Change January % February % March % April % May % June % July % August % September % October November^ December^ Total SOURCE: Alaska Department of Natural Resources website: NOTE: Notices of default indicate mortgage delinquencies of at least 30 days. The notices need not result in foreclosures because deficiencies can be corrected. There can be multiple notices if a default is corrected but the mortgage falls behind 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. * 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. 5 Fall 2012 Community Research Quarterly

13 Economic Indicators FORECLOSURES Fairbanks Recording District* ^ % Change January % February % March % April % May % June % July % August % September % October November December Total SOURCE: Alaska Department of Natural Resources website: 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. Foreclosures are tabulated by date of initiation. ^ Current data supersedes previous figures reported. CORRECTION: adjustments occurred and are reflected because Patents were collected/reflected in error, January Patents are not foreclosures but rather a transfer of property between governments or from a government to an individual. * 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. Community Research Quarterly Fall

14 Economic Indicators FAIRBANKS INTERNATIONAL AIRPORT FREIGHT*^ % Change Incoming Thousands of Pounds January , % February % March , , % April % May , , % June 1,061 1,002 1, , % July % August 1,211 1,065 1, % September 1,088 1,036 1, % October November December Total 10,992 11,197 10,845 13,411 9,903 8,347 Outgoing Thousands of Pounds January 4,113 3,368 2,182 1,806 2,189 2,883 2,666-8% February 3,708 3,156 2,681 2,257 2,760 1,539 2,590 68% March 4,197 3,992 2,677 5,667 3,191 2,776 2,720-2% April 4,151 3,552 2,935 3,216 2,929 2,482 2,669 8% May 4,790 3,324 3,077 2,836 1,863 2,587 4,111 59% June 4,285 4,096 3,126 3,188 2,511 3,340 3,575 7% July 4,038 3,754 3,595 3,624 3,600 3,017 3,830 27% August 7,663 4,726 2,930 3,513 3,402 3,650 3,957 8% September 4,285 3,311 2,768 3,202 3,652 3,233 4,141 28% October 3,794 2,617 3,407 2,951 3,023 2,660 November 3,664 2,982 2,479 2,595 2,254 2,623 December 2,996 2,314 2,866 2,017 2,542 2,775 Total 51,684 41,192 34,723 36,872 33,916 33,565 SOURCE: Alaska Department of Transportation and Public Facilities, Fairbanks International Airport, "Fairbanks International Airport Statistical Report", NOTE: USPS began shipping bypass mail to Barrow via truck rather than air as of March UPS made a sizeable stop in March Everts Air Fuel notable stop in May-June Sizeable stop by a domestic carrier in January Kalitta Air stopped at FAI March Frontier Flying Service, Lynden Air Cargo, and Tatonduk Outifitters boosted numbers in May ^ June-August 2005 Evergreen International Airlines is moving Anchorage construction materials. * Numbers are preliminary and may be subject to revision. 7 Fall 2012 Community Research Quarterly

15 J/06 J/07 J/08 J/09 J/10 J/11 J/12 Thousands of Pounds Economic Indicators FAIRBANKS INTERNATIONAL AIRPORT TRANSIT FREIGHT*^ % Change Thousands of Pounds January 6, % February 7,078 1, , % March 6, ,296 1, % April 4, % May 5, % June 1, , % July 1, , % August , % September 1, , % October , November December 304 1, Total 36,024 8,703 13,876 18,922 16,681 4,281 SOURCE: Alaska Department of Transportation and Public Facilities, Fairbanks International Airport, "Fairbanks International Airport Statistical Report", NOTE: Lufthansa German Air Cargo terminated service May Cargolux reduced frequency of service to FAI starting January 2005 and terminated service October Volga-Dnepr Airlines started routing their AN124 tech stop charter operations through FAI as of September On average FAI should see between operations from Volga-Dnepr Airlines per year. Ukraine-based Antonov Design Bureau, made transit landings Feb-Mar ^ International Airlines: Evergreen and Volga-Dnepr made non-routine stops at FAI in July-August UPS made a sizeable stop in March 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 Cathay Pacific and Nippon Cargo boosted numbers reported in April Cathay Pacific, Nippon Cargo and China Air increase values in September ,000 14,000 12,000 FAIRBANKS INTERNATIONAL AIRPORT TRANSIT FREIGHT ,000 8,000 6,000 4,000 2,000 0 J=January/Year Community Research Quarterly Fall

16 J/06 J/07 J/08 J/09 J/10 J/11 J/12 Economic Indicators FAIRBANKS INTERNATIONAL AIRPORT REVENUE LANDINGS ,500 3,000 2,500 2,000 1,500 1, J=January/Year FAIRBANKS INTERNATIONAL AIRPORT REVENUE LANDINGS* % Change January 1,711 1,662 1,758 1,610 1,643 1,673 1,614-4% February 1,728 1,644 1,766 1,653 1,601 1,551 1,588 2% March 2,154 1,885 2,019 1,907 1,900 1,935 1,836-5% April 1,887 1,828 1,868 1,836 1,810 1,797 1,712-5% May 2,132 2,028 2,208 2,039 1,906 2,070 2,085 1% June 2,554 2,476 2,571 2,370 2,410 2,416 2,360-2% July 2,671 2,488 2,686 2,481 2,510 2,368 2,349-1% August 2,955 2,720 2,820 2,464 2,641 2,751 2,447-11% September 2,545 2,483 2,503 2,338 2,523 2,544 2,150-15% October 1,944 2,005 2,009 1,922 1,957 1,942 November 1,782 1,878 1,668 1,650 1,567 1,760 December 1,729 1,843 1,802 1,813 1,791 1,820 Total 25,792 24,940 25,678 24,083 24,259 24,627 SOURCE: Alaska Department of Transportation and Public Facilities, Fairbanks International Airport, "Fairbanks International Airport Statistical Report", * Numbers are preliminary and may be subject to revision. 9 Fall 2012 Community Research Quarterly

17 Economic Indicators FAIRBANKS INTERNATIONAL AIRPORT PASSENGERS* % Change Incoming January 31,035 33,903 33,333 32,118 32,275 33,897 33,555-1% February 27,305 28,548 31,801 29,051 29,677 30,763 31,566 3% March 30,352 33,825 35,869 33,266 34,689 39,085 37,380-4% April 27,373 29,406 30,386 28,065 29,191 30,449 30,156-1% May 41,968 49,863 45,270 40,536 40,531 41,461 42,888 3% June 57,856 58,926 60,012 51,532 51,352 51,949 56,506 9% July 59,698 61,865 60,249 54,055 56,896 55,490 57,927 4% August 61,360 62,223 64,713 54,191 57,370 57,039 58,021 2% September 36,718 38,013 39,664 37,907 37,040 38,298 37,075-3% October 30,314 33,784 31,565 47,049 35,120 32,048 November 28,865 32,184 28,568 31,077 29,939 30,024 December 29,859 32,339 31,534 31,855 32,823 31,408 Total 462, , , , , ,911 Outgoing January 27,801 28,912 29,821 29,763 28,908 30,157 29,447-2% February 27,887 28,144 31,495 28,742 28,955 29,911 31,231 4% March 34,783 34,049 35,259 32,379 34,426 38,609 37,143-4% April 27,723 28,648 29,871 27,517 29,076 29,943 29,746-1% May 37,112 37,992 40,420 35,530 36,495 37,776 40,461 7% June 52,090 54,648 54,765 48,923 47,899 48,027 50,765 6% July 52,512 55,668 58,257 52,252 54,198 52,019 55,564 7% August 56,570 57,332 58,267 50,500 53,742 53,832 56,668 5% September 42,548 43,330 44,796 43,105 44,985 45,230 42,815-5% October 31,312 35,169 34,349 35,654 36,204 33,996 November 29,236 32,430 28,909 31,291 30,499 30,905 December 35,735 35,697 34,171 36,778 36,844 35,921 Total 455, , , , , ,326 SOURCE: Alaska Department of Transportation & Public Facilities, Fairbanks International Airport, "Fairbanks International Airport Statistical Report", NOTE: Numbers do not include passengers in transit. * Numbers are preliminary and may be subject to revision. Community Research Quarterly Fall

18 Economic Indicators ALASKA HIGHWAY STATEWIDE ENTERING PASSENGERS* Via the Yukon Territory % Change January 2,064 2,733 2,108 2,388 2,216 2,213 1,868-16% February 2,259 2,301 2,365 2,419 2,139 2,350 2,037-13% March 3,355 3,806 3,681 3,958 3,434 3,992 3,688-8% April 5,257 5,529 5,168 4,899 5,662 5,068 4,611-9% May 12,261 13,386 11,033 12,447 11,989 11,732 10,430-11% June 26,560 28,967 17,887 22,929 23,610 22,411 21,800-3% July 24,925 27,583 16,946 24,187 21,002 22,964 24,446 6% August 20,296 21,776 13,246 18,311 16,553 20,063 18,903-6% September 9,998 8,584 5,987 7,954 5,829 7,901 7,409-6% October 4,149 3,549 3,832 3,803 3,949 3,512 November 3,027 2,806 2,096 2,783 2,547 2,424 December 2,451 2,456 2,145 2,237 2,334 2,016 Total 116, ,476 86, , , ,646 SOURCE: U.S. Department of Justice, Immigration and Naturalization Service, District 32, personal communications, 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* Via the Yukon Territory % Change January 1,712 1,873 1,783 1,491 1,688 1,483 1,485 0% February 1,468 1,970 1,812 2,018 1,643 1,657 1,553-6% March 2,717 3,204 2,455 2,380 2,542 2,297 2,617 14% April 3,200 3,701 2,608 2,884 3,155 2,615 2,719 4% May 3,892 7,283 6,990 7,057 7,358 6,771 6,171-9% June 16,913 18,767 15,502 13,932 14,771 15,473 14,116-9% July 26,855 24,747 22,729 20,196 24,479 22,377 20,212-10% August 24,114 24,601 21,827 20,089 11,766 20,734 20,268-2% September 12,236 13,657 10,585 10,522 11,196 10,341 9,859-5% October 6,403 4,827 3,657 4,145 4,673 4,470 November 2,997 2,387 2,054 2,781 2,070 2,213 December 2,283 2,326 1,573 1,998 1,613 1,867 Total 104, ,343 93,575 89,493 86,954 92,298 SOURCE: Canadian Customs Border Services, Area Ports, Yukon Government, 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). * Current year figures subject to revisions. 11 Fall 2012 Community Research Quarterly

19 Number of Passengers Economic Indicators 25,000 20,000 15,000 10,000 5,000-5,000-10,000-15,000-20,000-25,000-30,000 ALASKA HIGHWAY STATEWIDE NET ANNUAL MIGRATION TRENDS Via the Yukon Territory Net Migration SOURCE: U.S. Department of Justice, Immigration and Naturalization Service, District 32, and Customs Border Services, Area Ports, Yukon Government, Canada, personal communications ALASKA HIGHWAY STATEWIDE NET MONTHLY MIGRATION* Via the Yukon Territory January February March ,226 1, ,695 1,071 April 2,057 1,828 2,560 2,015 2,507 2,453 1,892 May 8,369 6,103 4,043 5,390 4,631 4,961 4,259 June 9,647 10,200 2,385 8,997 8,839 6,938 7,684 July -1,930 2,836-5,783 3,991-3, ,234 August -3,818-2,825-8,581-1,778 4, ,365 September -2,238-5,073-4,598-2,568-5,367-2,440-2,450 October -2,254-1, November December Net 11,812 14,133-7,081 18,822 14,310 14,348 SOURCE: U.S. Department of Justice, Immigration and Naturalization Service, District 32, and Customs Border Services, Area Ports, Yukon Government, Canada, personal communications 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). * Current year figures subject to revisions. Community Research Quarterly Fall

20 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 Economic Indicators HOTEL/MOTEL ROOM RECEIPTS* Quarter % Change st $4,928,353 $5,554,495 $5,536,300 $6,328,162 $6,576, % 2nd $15,450,099 $11,655,651 $14,635,993 $13,646,596 $14,290, % 3rd $29,652,248 $25,322,981 $27,310,791 $26,149,158 $26,618, % 4th $7,251,731 $7,235,815 $6,969,241 $7,513,652 Total $57,282,431 $49,768,942 $54,452,325 $53,637,568 SOURCE: City of Fairbanks, Finance Dept., personal communications City of Fairbanks bed tax website: City of North Pole Finance Department, FNSB Financial Services, personal communications, 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. Added City of North Pole 3rd Qtr ADDITION/ADJUSTMENT TO TABLE: City of North Pole began collecting Hotel-Motel Room Tax at (8%) according to Ordinance 09-03, February 2, 2009, (passed: February 17, 2009) an ordinance amending Title 4, and introducing Chapter 4.09, Hotel-Motel Room Tax; effective 5 p.m., February 28, City of North Pole data added to table above with adjustments beginning third quarter * Due to accrual adjustments the current data will supersede previous figures reported QUARTERLY HOTEL/MOTEL ROOM RECEIPTS st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. in Thousands 13 Fall 2012 Community Research Quarterly

21 Percentage Change Economic Indicators ANNUAL HOTEL/MOTEL ROOM RECEIPTS* Year 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Annual Total % Chg fr Prev Yr 1993 $1,912,664 $6,509,495 $13,079,188 $2,910,413 $24,411, % 1994 $2,139,404 $7,282,236 $14,218,355 $3,889,047 $27,529, % 1995 $2,342,331 $8,112,819 $14,946,769 $3,811,319 $29,213, % 1996 $2,344,161 $8,651,705 $15,188,972 $3,189,160 $29,373, % 1997 $2,414,719 $7,794,574 $18,608,324 $3,526,383 $32,344, % 1998 $2,551,863 $10,173,376 $17,682,597 $4,296,950 $34,704, % 1999 $3,055,908 $10,093,298 $18,457,738 $4,567,227 $36,174, % 2000 $3,274,010 $9,923,679 $17,456,009 $4,959,298 $35,612, % 2001 $3,745,458 $10,072,118 $17,394,993 $7,476,847 $38,689, % 2002 $3,421,975 $9,279,386 $15,610,143 $7,457,382 $35,768, % 2003 $4,269,920 $8,951,462 $18,034,906 $6,161,282 $37,417, % 2004 $4,282,186 $11,444,548 $24,397,446 $6,245,425 $46,369, % 2005 $4,341,420 $11,991,395 $26,148,408 $6,416,203 $48,897, % 2006 $4,396,630 $13,755,407 $27,784,543 $6,628,268 $52,564, % 2007 $5,253,550 $14,703,344 $29,164,266 $7,198,573 $56,319, % 2008 $4,928,353 $15,450,099 $29,652,248 $7,251,731 $57,282, % 2009 $5,554,495 $11,655,651 $25,322,981 $7,235,815 $49,768, % 2010 $5,536,300 $14,635,993 $27,310,791 $6,969,241 $54,452, % 2011 $6,328,162 $13,646,596 $26,149,158 $7,513,652 $53,637, % SOURCE:, City of Fairbanks, and City of North Pole, Finance Departments, personal communications 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 third quarter * FNSB accrual adjustments will occur which means current figure supersede previous figures. 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% ANNUAL HOTEL/MOTEL ROOM RECEIPTS Community Research Quarterly Fall

22 Economic Indicators UNIVERSITY OF ALASKA MUSEUM VISITORS Fairbanks, Alaska % Change January 1,955 2,236 1,647 1,705 2,235 31% February 3,784 4,502 4,465 3,199 3,969 24% March 4,607 3,394 3,725 4,230 5,934 40% April 3,503 2,328 2,272 2,525 2,911 15% May 7,595 5,767 5,367 4,303 5,100 19% June 19,837 15,275 14,051 12,517 11,236-10% July 22,709 16,548 16,587 14,169 13,668-4% August 19,369 14,709 14,193 12,851 1,536-88% September 9,215 7,567 7,698 6,743 7,137 6% October 3,517 3,249 4,207 2,841 November 2,146 1,886 2,567 2,124 December 2,532 2,437 3,785 2,588 Total 100,769 79,898 80,564 69,795 SOURCE: University of Alaska Museum, University of Alaska, Fairbanks, personal communications NOTE: Numbers are preliminary and may be subject to revision. MORRIS THOMPSON CULTURAL AND VISITOR CENTER Fairbanks, Alaska Month 2008* % Change January - 1,581 2,462 3,200 3,438 7% February - 2,334 3,142 4,039 5,222 29% March - 2,298 5,173 5,368 7,327 36% April - 2,573 3,892 4,119 4,587 11% May - 5,366 10,222 7,728 10,493 36% June - 10,489 16,975 17,896 20,848 16% July - 12,800 19,412 16,852 23,428 39% August - 10,314 18,127 15,981 16,829 5% September - 6,771 10,590 10,707 10,255-4% October 400 3,155 4,608 3,893 November 450 2,935 3,425 3,772 December 600 3,379 2,879 3,539 Total 1,450 9, ,907 97,094 SOURCE: The Morris Thompson Cultural and Visitor Center Administration Office, information can be found at personal communications Admission is free. NOTE: Alaska Public Lands Information Center (APLIC) moved to and partnered with other agencies at the new Morris Thompson Cultural and Visitor Center in September From October 2008 to present the counts reported are recorded at the entry for all Cultural Center partners. The Morris Thompson Cultural and Visitor Center partners include APLIC, (FCVB) Fairbanks Convention and Visitor Bureau, the Alaska Geographic Store, Denakkanaaga, the regional Alaska Native Elder's organization, and Tanana Chiefs Conference Cultural Program. One headcount per visitor is recorded at the entry for all Cultural Center partners. The APLIC is a cooperative effort of the Alaska Division of Tourism, Alaska Division of Parks and Outdoor Recreation, Alaska Department of Fish and Game, Bureau of Land Management, National Park Service, USDA Forest Service, Fish and Wildlife Service, and U.S. Geological Survey. Additional note: Major road construction in front of the MTCC from May-July 2011 effected counts. 15 Fall 2012 Community Research Quarterly

23 Economic Indicators TANANA VALLEY AND STATE CROPS (Tanana Valley) VALUE OF AGRICULTURAL PRODUCTION^ Tanana Valley and State, Alaska Production Value (in thousands of dollars) Grain na na Hay 2,798 2,995 2,455 4,200 3,100 2,680 3,415 Silage (small grain and hay) na na Potatoes 1, , na na Vegetables na na Other Vegetables* na na Total (TV) Crop Production $4,793 $5,278 $4,528 $6,416 $4,644 $4,844 $5,702 LIVESTOCK (Tanana Valley) Production Value (in thousands of dollars) Beef & Veal , ,012 Pork Dairy na na Other Livestock** na na Total (TV) Livestock Production $1,186 $1,791 $1,762 $1,533 $1,330 $1,244 $1,451 Total (TV) Production Value $5,979 $7,069 $6,290 $7,949 $5,974 $6,088 $7,153 CROPS (State) Production Value (in thousands of dollars) Grain Hay 6,440 7,200 5,500 8,370 6,300 7,130 7,320 Silage (small grain and hay) Potatoes 3,469 3,403 3,757 3,538 3,348 3,315 3,570 Vegetables 1,371 1,911 1,767 1,556 1,371 1,875 2,062 Other Vegetables* 1,068 1,596 1,535 1,516 2,007 1,280 1,408 Total State Crop Production $13,513 $15,687 $13,657 $16,154 $13,816 $14,917 $15,830 LIVESTOCK (State) Production Value (in thousands of dollars) Beef & Veal 1,818 2,402 3,019 2,527 2,423 2,226 2,888 Pork Dairy 3,008 2,754 1,970 2,006 1,699 1,470 1,732 Other Livestock** Total State Livestock Production $5,337 $5,762 $5,581 $5,008 $4,571 $4,228 $5,237 Total State Production Value $18,850 $21,449 $19,238 $21,162 $18,387 $19,145 $21,067 SOURCE: Alaska Agricultural Statistics Service, Alaska Agricultural Statistics, website: NOTE: NASS began standardizing and centralizing their data collection and estimate publications across the US in Beginning in 2009 they will only report State level data for barley, oats, potatoes, vegetables and milk. USDA began inspecting the BY Farms slaughterhouse in late Calculations or adjustments were based on most recent historic data for silage value. na not available. ^ Two year lag in data. Numbers are provisional and may be revised. * Does not include Greenhouse or Nursery vegetables. ** Does not include reindeer. Community Research Quarterly Fall

24 EMPLOYMENT CIVILIAN LABOR FORCE UNEMPLOYMENT RATES* Fairbanks MSA, Alaska and the United States F January A February I March R April B May A June N July K August S September October M November S December A Average January February March A April L May A June S July K August A September October November December Average U January N February I March T April E May D June July S August T September A October T November E December S Average SOURCES: Alaska Department of Labor, Research and Analysis Section, website: and personal communications U.S. Department of Labor, Bureau of Labor Statistics, Current Population Survey, and website: NOTE: Rates presented are "not seasonally adjusted". Local data prior to 2000 is not comparable with data from 2000 forward due to the way the labor force stats are calculated for boroughs and census areas. * May be subject to revision. 17 Fall 2012 Community Research Quarterly

25 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 J/06 J/07 J/08 J/09 J/10 J/11 J/12 Percentage Unemployed Employment 12.0 CIVILIAN LABOR FORCE UNEMPLOYMENT RATES State of Alaska, FNSB, the United States Alaska FNSB U. S J = January/Year AVERAGE MONTHLY EMPLOYMENT ESTIMATES BY SECTOR Third Quarter Average 2012 Manufacturing 600 Mining & Logging Financial Activities Construction 1,500 1,500 2,500 Leisure & Hospitality 4,200 Trade, Transportation & Utilities 7,700 Government 11,800 Community Research Quarterly Fall

26 Employment AVERAGE MONTHLY EMPLOYMENT ESTIMATES BY INDUSTRY (MSA¹) Year-to-Date Average 2012 Industry % Change Reporting Period 1st Qtr 2nd Qtr 3rd Qtr Jan-Sept Jan-Sept Jan-Sept Mining and Logging³ 1,300 1,500 1,700 1,500 1, % Construction 1,900 2,500 3,100 2,500 2, % Manufacturing % Trade/Transportation/Utilities 7,200 7,900 8,100 7,700 7, % Wholesale Trade % Retail Trade 4,400 4,700 4,800 4,600 4, % Trans/Warehouse/Utilities 2,200 2,500 2,700 2,500 2, % Information % Financial Activities 1,400 1,500 1,500 1,500 1, % Professional & Business Svcs 2,400 2,600 2,600 2,500 2, % Educational & Health Services 5,100 5,200 5,200 5,200 5, % Health Care 3,600 3,700 3,700 3,700 3, % Leisure & Hospitality 3,600 4,300 4,800 4,200 4, % Other Services 1,200 1,300 1,300 1,300 1, % Government 12,100 11,900 11,300 11,800 12, % Federal Government 3,300 3,400 3,400 3,400 3, % State Government 5,400 5,400 5,300 5,400 5, % Local Government² 3,500 3,100 2,700 3,100 3, % Total Nonfarm 37,200 39,700 40,900 39,300 39, % SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; U.S. Department of Labor, Bureau of Labor Statistics. State website: NOTE: Data provided are subject to change. Employment reporting format has changed because Fairbanks became a metropolitan area in 2003 and Please note that rounding is to nearest 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 ² This category was previously called "Natural Resources and Mining". The change is in name only; the industries it includes remain the same. 19 Fall 2012 Community Research Quarterly

27 Employment ANNUAL AVERAGE MONTHLY EMPLOYMENT By Earned Income and Labor Force EARNED INCOME DATA Annual Average Year % change Wage and Salary Employment¹ 37,700 38,000 38,900 39, % Self-employed² [1] 2,780 2,780 2,618 2, % Military Active Duty Personnel³ 7,837 9,139 8,235 9, % SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section,¹Monthly Employment Statistics (MES); ²US Census Bureau, American Community Survey (ACS) Estimates; ³FNSB Community Research Quarterly, , October NOTE: [1] Because the US Census did not have the self-employment question on the 2010 Census there is no actual data to verify, however, the US Census ACS Estimates are the next best resource with 5.8% (in 2010), and 6.3% (in 2011). 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 Year % change Civilian Labor Force²¹ 45,214 45,111 46,939 46, % Military Active Duty Personnel²² 7,837 9,139 8,235 9, % Total Labor Force 53,051 54,250 55,174 56, % Total Labor Force Growth na 1, , % SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section,²¹Unemployment Data- Labor Force (not seasonally adjusted); ²²FNSB Community Research Quarterly, , October na not available. Definition of Labor Force: Included are all persons in the civilian non-institutional population classified as either employed or Community Research Quarterly Fall

28 Employment ANNUAL AVERAGE MONTHLY EMPLOYMENT BY INDUSTRY % Change Industry Natural Resources & Mining 1,100 1,108 1,161 1, % Agriculture, Forestry, Fishing, Hunting % Mining 1,058 1,068 1,117 1, % Construction 2,765 2,490 2,641 2, % Construction of Buildings % Heavy Construction % Specialty Trade Contractors 1,755 1,519 1,517 1, % Manufacturing % Trade, Transportation & Utilities 7,701 7,738 7,642 7, % Wholesale Trade % Retail Trade 4,658 4,537 4,551 4, % Food & Beverage % General Merchandise Stores 1,388 1,355 1,341 1, % Transportation & Warehousing 2,029 2,141 2,020 2, % Air Transportation % Transit & Ground Passenger % Information % Telecommunication % Financial Activities 1,534 1,558 1,553 1, % Finance & Insurance % Credit Intermediation, etc % Real Estate, Renting & Leasing % Real Estate % Professional & Business Services 2,341 2,174 2,368 2, % Professional, Scientific, Technical Services 1,197 1,300 1,515 1, % Management of Companies & Enterprises % Administrative & Waste Services % Educational & Health Services 4,376 4,541 4,910 4, % Health Care & Social Assistance 4,226 4,384 4,675 4, % Leisure & Hospitality 4,161 4,001 4,084 4, % Accommodation 1, , % Food Services & Drinking Places 2,653 2,591 2,671 2, % Other Services 1,245 1,251 1,116 1, % Membership Organizations, etc % Repair & Maintenance % Government 11,789 11,816 12,072 12, % Federal Government 3,472 3,469 3,495 3, % State Government 5,251 5,289 5,487 5, % Local Government 3,066 3,058 3,090 3, % Unclassified Establishments % Total Industries 38,261 37,855 38,688 39, % SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; Quarterly Census of Employment & Wages-Annual Review 2011, (data are preliminary and subject to revision). NOTE: Blanks in the Total Earnings & Avg Mo Earnings columns due to confidentiality; data are suppressed. 21 Fall 2012 Community Research Quarterly

29 Employment ANNUAL AVERAGE MONTHLY WAGE BY INDUSTRY % Change Industry Natural Resources & Mining $6,993 $7,414 $7,348 $7, % Agriculture, Forestry, Fishing, Hunting $1,695 $1,793 $1,711 $1, % Mining $7,201 $7,624 $7,574 $7, % Construction $5,625 $5,656 $5,922 $5, % Construction of Buildings $5,273 $5,524 $5,382 $5, % Heavy Construction $6,493 $6,896 $6,217 $6, % Specialty Trade Contractors $5,684 $5,534 $6,117 $5, % Manufacturing $4,212 $4,370 $4,416 $4, % Trade, Transportation & Utilities $3,276 $3,390 $3,240 $3, % Wholesale Trade $3,809 $4,037 $4,035 $4, % Retail Trade $2,475 $2,501 $2,549 $2, % Food & Beverage $2,274 $2,343 $2,358 $2, % General Merchandise Stores $2,325 $2,302 $2,342 $2, % Transportation & Warehousing $4,443 $4,523 $3,849 $3, % Air Transportation $3,467 $3,674 $3,693 $3, % Transit & Ground Passenger - $2,366 $2,272 $2, % Information $4,212 $4,251 $4,258 $4, % Telecommunication $5,166 $5,058 $5,026 $5, % Financial Activities $3,611 $3,745 $3,878 $3, % Finance & Insurance $3,828 $4,006 $4,238 $4, % Credit Intermediation, etc. $3,419 $3,720 $3,914 $3, % Real Estate, Renting & Leasing $3,308 $3,399 $3,410 $3, % Real Estate $3,165 $3,213 $3,236 $3, % Professional & Business Services $3,561 $3,719 $3,848 $3, % Professional, Scientific, Technical Services $3,985 $4,107 $4,229 $4, % Management of Companies & Enterprises - $5,564 $5,871 $6, % Administrative & Waste Services - $2,971 $2,996 $2, % Educational & Health Services $3,387 $3,465 $3,472 $3, % Health Care & Social Assistance $3,425 $3,499 $3,512 $3, % Leisure & Hospitality $1,484 $1,487 $1,487 $1, % Accommodation $2,312 $2,349 $2,183 $2, % Food Services & Drinking Places $1,210 $1,240 $1,278 $1, % Other Services $2,278 $2,363 $2,369 $2, % Membership Organizations, etc. $1,868 $1,977 $1,852 $1, % Repair & Maintenance $3,150 $3,275 $3,389 $3, % Government $3,948 $4,176 $4,297 $4, % Federal Government $4,793 $4,946 $5,220 $5, % State Government $3,727 $3,980 $4,004 $4, % Local Government $3,370 $3,641 $3,774 $3, % Unclassified Establishments $3,299 $3,291 $2,081 $1, % Total Industries $3,606 $3,738 $3,789 $3, % SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; Quarterly Census of Employment & Wages - Annual Review 2011, (data are preliminary and subject to revision). NOTE: Blanks in the Total Earnings & Avg Mo Earnings columns due to confidentiality; data are suppressed. Community Research Quarterly Fall

30 Employment QUARTERLY CENSUS OF EMPLOYMENT AND WAGES BY INDUSTRY* By Quarter --4Q 2011 Avg Mo-- --1Q 2012 Avg Mo-- % Chg from prev Qtr Industry Employmt Wage Employmt Wage Employmt Wage Natural Resources & Mining 1,374 $7,689 1,195 $7, % -7.6% Agriculture, Forestry, Fishing, Hunting 22 $1, $1, % -16.9% Mining 1,353 $7,782 1,171 $7, % -7.3% Construction 2,622 $5,964 2,039 $5, % -13.5% Construction of Buildings 858 $5, $5, % -15.2% Heavy Construction 364 $7, $5, % -24.9% Specialty Trade Contractors 1,399 $5,674 1,112 $5, % -8.4% Manufacturing 548 $4, $4, % -1.6% Trade, Transportation & Utilities 7,663 $3,309 7,432 $3, % 0.3% Wholesale Trade 677 $4, $4, % -0.1% Retail Trade 4,717 $2,624 4,530 $2, % 1.1% Food & Beverage 462 $2, $2, % 0.3% General Merchandise Stores 1,378 $2,257 1,299 $2, % 5.7% Transportation & Warehousing 1,853 $3,818 1,848 $3, % 1.7% Air Transportation 593 $3, $3, % 7.9% Transit & Ground Passenger 320 $2, $2, % -16.0% Information 564 $3, $4, % 7.8% Telecommunication 304 $5, $5, % 9.9% Financial Activities 1,425 $3,939 1,391 $4, % 3.2% Finance & Insurance 808 $4, $4, % 13.0% Credit Intermediation, etc. 518 $3, $4, % 21.9% Real Estate, Renting & Leasing 617 $3, $3, % -11.1% Real Estate 383 $3, $3, % -4.3% Professional & Business Services 2,494 $4,371 2,417 $3, % -12.4% Professional, Scientific, Technical Services 1,554 $4,728 1,434 $4, % -15.3% Management of Companies & Enterprises 126 $7, $7, % -3.2% Administrative & Waste Services 814 $3, $3, % -3.4% Educational & Health Services 4,988 $3,839 5,044 $3, % -8.0% Health Care & Social Assistance 4,057 $3,890 4,815 $3, % -8.3% Leisure & Hospitality 3,795 $1,622 3,695 $1, % -9.2% Accommodation 777 $2, $2, % -22.2% Food Services & Drinking Places 2,661 $1,291 2,519 $1, % -2.7% Other Services 1,117 $2,479 1,168 $2, % -2.8% Repair & Maintenance 400 $3, $3, % -1.0% Membership Organizations, etc. 496 $1, $1, % -3.5% Government 12,484 $4,508 12,112 $4, % -5.9% Federal Government 3,301 $5,956 3,223 $5, % -10.4% State Government 5,647 $4,206 5,373 $3, % -8.3% Local Government 3,536 $3,363 3,516 $3, % 13.8% Unclassified Establishments 38 $1, $1, % -20.8% Total Industries 39,114 $3,999 37,590 $3, % -6.3% 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: 1st Qtr * All numbers are preliminary and subject to revision. There is an approximate 6 month lag in data release. 23 Fall 2012 Community Research Quarterly

31 Mar Dec Mar Dec Mar Dec Mar Dec Mar Vacancy Rate HOUSING APARTMENT / MULTI-PLEX VACANCY RATES ^ Percent Vacant March ^ June September December SOURCE: FNSB Community Research Center Rental Survey, NOTE: Vacancy rates are based on a sample of 3,000 to 4,000 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 , Fall-Winter , and Spring-Summer Ft. Wainwright base housing privatized and contracted management to New Haven Communities in May Birchwood Apartments (400 units; 3-5 bdrm.) which were once on-base military housing was privatized and started public advertising May 2007 (included in this survey June 2007). Alpine Lodge (16 Units: efficiencies) entered the market as seasonal rental housing beginning 4th Quarter Lazelle Estates (37 Units:3-4 bedrooms) appeared on market survey September Aging Fairview Manor demolished the last units in the fall Weeks Field Estates has replaced them with 130 affordable housing Units in 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. ^ Correction made to March 2011 data on June 24, % APARTMENT / MULTI-PLEX VACANCY RATES % 15% 10% 5% 0% Community Research Quarterly Fall

32 Mar Dec Mar Dec Mar Dec Mar Dec Mar Dec Mar Number Available Housing RENTAL HOUSING UNITS AVAILABLE ^ Apartments Houses Mobile Total Eff. 1-BR 2-BR 3+BR 1-BR 2-BR 3-BR 4+BR Homes Cabins Rentals 2009 March June September December March NA June September December March ^ June September December March June September % Change Sept -65% -67% -57% 14% -67% -64% -16% 33% -67% -20% -46% SOURCE: Community Research Center rental surveys, , , including most most major major apartment apartment complexes, complexes Fairbanks and Fairbanks Daily News- Daily News-Miner advertisements, advertisements and during the week surrounding during the the 19th week of March, surrounding June, the September 19th of and March, December. June, September and December. NOTE: Birchwood Aging Fairview Apartments Manor demolished (400 units; 3-5 the bdrm.) last units which in the were fall once on-base Weeks housing Field Estates was privatized has replaced and them started with public 130 affordable advertising May housing Units Birchwood in Apts. Walden became Estates, a part once of this off-base survey military in June housing, privatized Alpine Lodge and placed (16 Units: 150 units; efficiencies) 3-5 bdrms. entered on the market for as seasonal sale or rent rental (27:duplexes; housing beginning 23:4-plexes; 4th Quarter 4:houses) in June Lazelle 2010 Estates (PHII). (37 By Units:3-4 September bedrooms) 2010 all units appeared were under on market contract survey with September none available The for rent. Ft. Wainwright B&B's come Army off in 172nd May & Stryker back on Brigade in September. deployed See to Vacancy Iraq Fall Rates footer and for again military Fall deployments Walden NA represents Estates, once not off-base military available. housing, placed 40 units on the market for sale or rent (18 duplexes; 18 4-plexes; 4 houses) March ^ Correction made to March 2011 data on June 24, RENTAL HOUSING UNITS AVAILABLE Houses Apartments Fall 2012 Community Research Quarterly

33 Mar Dec Mar Dec Mar Dec Mar Dec Mar Avg. Apt. Rent Values Housing AVERAGE MONTHLY RENTS FOR AVAILABLE HOUSING UNITS ^ Apartments Houses Mobile Eff. 1-BR 2-BR 3+ BR 1-BR 2-BR 3-BR 4+ BR Homes Cabins 2009 March $678 $862 $1,035 $1,751 $1,008 $1,218 $1,476 $2,470 $898 $578 June $674 $857 $1,018 $1,705 $1,254 $1,129 $1,584 $2,227 $760 $558 September $835 $898 $1,078 $1,844 $931 $1,138 $1,333 $2,353 $824 $527 December $760 $867 $1,047 $1,852 $1,552 $1,111 $1,555 $2,230 $821 $ March $617 $817 $1,028 $1,763 $960 $1,489 $1,516 $2,073 NA $562 June $685 $874 $1,063 $1,837 $1,125 $1,310 $1,606 $1,903 $1,300 $535 September $842 $901 $1,124 $1,613 $950 $1,288 $1,649 $2,101 $795 $589 December $737 $901 $1,102 $1,583 $840 $1,319 $1,588 $2,098 $925 $ March ^ $644 $904 $1,143 $1,571 $990 $1,350 $1,481 $2,245 $850 $570 June $723 $901 $1,136 $1,642 $1,137 $1,318 $1,632 $2,187 $800 $628 September $833 $906 $1,073 $1,629 $969 $1,248 $1,647 $2,233 $750 $657 December $770 $897 $1,100 $1,693 $863 $1,141 $1,728 $2,217 $866 $ March $722 $926 $1,163 $1,454 $850 $1,100 $1,586 $2,104 $725 $557 June $600 $885 $1,133 $1,462 NA $1,268 $1,664 $1,720 $881 $595 September $951 $908 $1,185 $1,901 $950 $1,433 $1,775 $2,140 $1,000 $661 % Change Sept. 14% 0% 10% 17% -2% 15% 8% -4% 33% 1% SOURCE: Community Research Center rental surveys, , including most major apartment complexes, Fairbanks Daily News-Miner advertisements, and during the week surrounding the 19th of March, June, September and December. NOTE: Aging Fairview Manor demolished the last units in the fall Weeks Field Estates has replaced them with 130 affordable housing Units in 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 represents not available. ^ Correction made to March 2011 data on June 24, $1,200 AVERAGE MONTHLY RENTS FOR AVAILABLE HOUSING UNITS $2,500 $1,000 $800 $600 $400 $200 $0 2 Bdrm. Apts. 3 Bdrm. Houses $2,000 $1,500 $1,000 $500 $0 Avg. House Rent Values Community Research Quarterly Fall

34 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd Total Number Sold Housing Quarter 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5+ Bedroom Total # Price # Price # Price # Price # Price # Sold Avg.Price st Qtr. 4 $77, $145, $199, $249,569 7 $263, $201,328 2nd Qtr. 18 $115, $154, $238, $268, $266, $227,022 3rd Qtr. 20 $129, $156, $228, $285, $259, $223,494 4th Qtr. 17 $107, $136, $214, $256, $282, $207, Total 59 $115, $147, $223, $266, $269, $216, st Qtr. 5 $107, $161, $232, $270,897 6 $293, $226,042 2nd Qtr. 10 $120, $174, $216, $264, $257, $218,915 3rd Qtr. 7 $102, $166, $212, $271,040 9 $272, $215,141 4th Qtr. 4 $86, $151, $216, $260,240 7 $316, $221, Total 26 $109, $165, $222, $265, $281, $221, st Qtr. 8 $107, $156, $220, $293,744 7 $307, $220,776 2nd Qtr. 11 $108, $162, $233, $276,064 2 $192, $221,111 3rd Qtr. 15 $125, $156, $231, $271,592 9 $261, $221, Total 34 $115, $158, $228, $278, $271, $221,075 % Chg. 3rd Qtr % Chg. ANNUAL RESIDENTIAL HOUSING SALES* ** 114% 22% 37% -6% 18% 9% 49% 0% 0% -4% 30% 3% -56% -5% -25% 12% -33% 0% -28% 0% -26% 5% -32% 2% SOURCE: Greater Fairbanks Board of Realtors and Alaska/Multiple Listing Service, Inc., personal and computer printout communications 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 Sales RESIDENTIAL HOUSING SALES , Quarterly Data Average Selling Price $300,000 $250, $200,000 $150,000 $100,000 $50,000 Average Selling Price 0 $ Fall 2012 Community Research Quarterly

35 Total Number Sold Housing ANNUAL AVERAGE RESIDENTIAL HOUSING SALES* Year Avg. % Chg fr prev yr 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5+ Bedroom Total # Selling Total # Avg. # Price # Price # Price # Price # Price Sold Price Sold Price $53, $92, $140, $173, $187, $131, % 2.7% $63, $94, $150, $176, $188, $137, % 4.1% $68, $100, $158, $213, $201, $151, % 10.6% $74, $107, $170, $204, $237, $159, % 5.4% $93, $120, $178, $214, $240, $170, % 6.5% $95, $135, $207, $244, $266, $196, % 15.7% $107, $148, $220, $262, $288, $213, % 8.6% $107, $170, $228, $271, $288, $222, % 4.0% $107, $155, $218, $277, $306, $214, % -3.6% $109, $161, $224, $264, $287, $217, % 1.7% $115, $147, $223, $266, $269, $216, % -0.5% $109, $165, $222, $265, $281, $221, % 2.4% Annual Average $92, $133, $195, $236, $253, $187,763 SOURCE: Greater Fairbanks Board of Realtors and Alaska/Multiple Listing Service, Inc., personal and computer printout communications 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* ,200 $300,000 1,000 $250, Total # Sold Avg. Selling Price $200,000 $150,000 $100,000 $50,000 Average Selling Price 0 $0 Community Research Quarterly Fall

36 Housing NEW STRUCTURES BY UNIT ANNUAL REPORT* * City of Fairbanks City of North Pole Year Built SFR Cabin Multi Family Fairbanks Total SFR Cabin Multi Family North Pole Total * Total Average , Balance of Borough NEW CONSTRUCTION (All) FNSB Balance Total SFR Cabin New Construction Total Year Built SFR Cabin Multi Family Multi Family * Total , ,144 5, ,361 7,607 Average SOURCE: Assessing Department, personal communications, 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, * Current data supersedes previous figures reported and current year is YTD (year to date) data. 29 Fall 2012 Community Research Quarterly

37 COST OF LIVING C2ER COST OF LIVING INDEX* For Selected Cities Third Quarter 2012 City Composite Index Grocery Items Housing Utilities Transportation Health Care Msc. Goods & Services 100% 13.36% 28.64% 10.46% 10.66% 4.44% 32.44% West: Fairbanks, AK Anchorage, AK Kodiak, AK Juneau, AK Phoenix, AZ San Diego, CA Denver, CO Boise, ID Kalispell, MT Carlsbad, 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 Wausau, WI Northeast: New York, NY Philadelphia, PA Boston, MA Raleigh, NC Richmond, VA Avg. of 304 Urban Areas SOURCE: Council for Community and Economic Research (C2ER) fka ACCRA (American Chamber of Commerce Researchers Association), Cost of Living Index, Comparative Data for Urban Areas, (3rd Qtr.), October 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 * Item percentages change so please watch for current percentages. Community Research Quarterly Fall

38 Fairbanks, AK Anchorage, AK Seattle, WA Denver, CO Richmond, VA Kalispell, MT Phoenix, AZ Grand Rapids, MI Memphis, TN Cost of Living C2ER COST OF LIVING INDEX For Selected Cities Third Quarter National Average = CONSUMER PRICE INDEX-U FOR ALL ITEMS Anchorage & U.S. City Annual Average U.S. City Average Anchorage 31 Fall 2012 Community Research Quarterly

39 Cost of Living % Change Jan. - June Average % July - Dec. Average Annual Average % Change from Previous Year CONSUMER PRICE INDEX-U*^ Anchorage, Alaska % 4.6% 1.2% 1.8% 3.2% SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Indexes Pacific Cities and U.S. City Average, not seasonally adjusted, NOTE: = 100 * For All Urban Consumers % Change January % February % March % April % May % June % July % August % September % October November December Annual Average % Change from Previous Year CONSUMER PRICE INDEX-U* FOR ALL ITEMS U.S. City Average % 3.8% -0.4% 1.6% 3.2% SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Indexes Pacific Cities and U.S. City Average, not seasonally adjusted, NOTE: =100; All items. * For All Urban Consumers. Community Research Quarterly Fall

40 Cost of Living COST OF FOOD AT HOME FOR A WEEK Selected Alaskan Communities March 2012 Anchorage Bethel Cordova Delta Jct Fairbanks Kenai- Soldotna Nome Family of years $87.85 $ $ $ $95.17 $91.45 $ years $83.38 $ $ $ $90.32 $86.79 $ Family of 4 with: Children, 2-5 years $ $ $ $ $ $ $ Children, 6-11 years $ $ $ $ $ $ $ Individuals Children: 1 years $21.56 $41.43 $33.11 $27.76 $23.35 $22.44 $ years $23.59 $45.34 $36.24 $30.38 $25.55 $24.55 $ years $24.40 $46.90 $37.49 $31.43 $26.44 $25.40 $ years $31.32 $60.19 $48.11 $40.34 $33.92 $32.60 $ years $35.38 $68.01 $54.36 $45.58 $38.33 $36.83 $68.34 Males: years $38.23 $73.48 $58.73 $49.24 $41.41 $39.80 $ years $39.45 $75.83 $60.61 $50.81 $42.74 $41.07 $ years $42.30 $81.30 $64.98 $54.48 $45.82 $44.03 $ years $38.64 $74.27 $59.36 $49.77 $41.86 $40.22 $ years $38.84 $74.66 $59.67 $50.03 $42.08 $40.43 $75.02 Females: years $38.23 $73.48 $58.73 $49.24 $41.41 $39.80 $ years $37.62 $72.31 $57.79 $48.46 $40.75 $39.16 $ years $37.62 $72.31 $57.79 $48.46 $40.75 $39.16 $ years $37.11 $71.33 $57.01 $47.80 $40.20 $38.63 $ years $36.10 $69.38 $55.45 $46.49 $39.10 $37.57 $69.72 SOURCE: Alaska Cooperative Extension Service, UAF, "Cost. of Food at Home for a Week," March NOTE: 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 2012 Nome Bethel $ $ Cordova $ Delta Jct $ Fairbanks Kenai-Soldotna Anchorage $ $ $ $0 $50 $100 $150 $200 $250 $ Fall 2012 Community Research Quarterly