Median Salary
$99,530
Vs National Avg
Hourly Wage
$47.85
Dollars / Hr
Workforce
0.1k
Total Jobs
Growth
+14%
10-Year Outlook
The Salary Picture: Where Fairbanks Stands
As a local, I can tell you that Fairbanks is a unique market for physical therapists. It's not Anchorage, and it doesn't operate like the Lower 48. The data reflects this reality. The median salary for a Physical Therapist in Fairbanks is $99,530/year, which breaks down to an hourly rate of $47.85/hour. This is remarkably close to the national average of $99,710/year, suggesting that despite our remote location and high cost of certain goods, the pay is competitive on a national scale. However, the context matters. The metro area has a population of just 32,242, and there are only about 64 jobs in the metro area for this role. This isn't a high-volume job market; it's a specialized, relationship-driven one.
Here’s a realistic breakdown of salary progression based on local experience:
| Experience Level | Annual Salary Estimate | Notes for Fairbanks |
|---|---|---|
| Entry-Level (0-2 yrs) | $85,000 - $95,000 | Often start at facilities like Fairbanks Memorial Hospital or larger outpatient clinics. |
| Mid-Career (3-7 yrs) | $95,000 - $110,000 | Specialization (e.g., ortho, neuro) or pivoting to home health can push you higher. |
| Senior (8-15 yrs) | $110,000 - $125,000 | Typically involves a clinical lead role, managing students, or niche specialties. |
| Expert (15+ yrs) | $125,000+ | Often seen in private practice ownership, high-level consulting, or specialized clinic management. |
When you compare Fairbanks to other Alaskan cities, the picture gets clearer. Anchorage, with its larger population and more diversified healthcare system, often has a slightly higher median salary (closer to $102,000), but also significantly more competition and a higher volume of jobs. Juneau's market is smaller than Fairbanks' but is insulated by state government jobs, which can offer stability and benefits. Fairbanks' 14% 10-year job growth is a critical data point—it's higher than the national average for PTs, driven by an aging population and a growing focus on sports medicine from the University of Alaska Fairbanks (UAF) and local military personnel from Fort Wainwright.
Insider Tip: Don't just look at the base salary. In Fairbanks, total compensation often includes a sign-on bonus (common due to recruitment challenges), relocation assistance, and generous PTO. Always ask about these in an interview. The winter commute can be brutal, so a flexible schedule or remote administrative time can be a huge value-add.
📊 Compensation Analysis
📈 Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
The Real Take-Home: After Taxes and Rent
The numbers look good on paper—$99,530/year—but how does it feel in your bank account? Let's break it down with real Fairbanks numbers. First, the cost of living: Fairbanks' index is 99.4, just below the national average of 100. This is deceptive. Essentials like groceries and utilities can be higher, but housing, while expensive, is more manageable than in Anchorage or the Lower 48's hot markets. The average 1-bedroom rent is $1,253/month.
Here’s a monthly budget snapshot for a PT earning the median salary:
| Category | Estimated Monthly Cost | Notes |
|---|---|---|
| Gross Pay | $8,294 | $99,530 / 12 months |
| Taxes (Approx.) | -$2,156 | Fed, State (AK has no income tax!), FICA. This is an estimate; use a calculator. |
| Net Pay | $6,138 | Your take-home after taxes. |
| Rent (1BR Avg) | -$1,253 | Varies by neighborhood (see section below). |
| Utilities (Elec/Gas/Internet) | -$300 | Higher in winter; budget for $400+ in peak cold months. |
| Car Payment/Insurance | -$500 | Essential. 4WD/AWD is non-negotiable. |
| Groceries & Essentials | -$600 | Higher than national average due to shipping. |
| Retirement (10%) | -$830 | Don't skip this. UAF and hospital systems often have good matches. |
| Discretionary/Savings | $2,655 | Remaining for savings, debt, hobbies, etc. |
This budget leaves a healthy $2,655 for discretionary spending, savings, or debt payoff. However, this assumes no major student loans. The key is the $1,253 rent. If you can find a roommate or a slightly cheaper place, your financial flexibility increases dramatically.
Can you afford to buy a home? Yes, but with caveats. As of late 2023, the median home price in Fairbanks was around $325,000. With your net income, a 20% down payment ($65,000) is a significant hurdle, but not impossible with savings. A mortgage, property taxes, and insurance might add another $1,800-$2,200/month. This is feasible on a $99,530 salary, but it tightens the budget. Insider Tip: Many locals buy in the suburbs like Goldstream or Hamilton Acres for more land and lower prices, but factor in a longer, winter commute. The Fairbanks housing market is less volatile than Anchorage's, but construction costs are high.
💰 Monthly Budget
📋 Snapshot
Where the Jobs Are: Fairbanks's Major Employers
With only 64 jobs in the metro, you need to know where to look. The market is dominated by a few key players, and relationships are everything. Here are the major employers:
- Fairbanks Memorial Hospital (FMH) & Denali Center: Part of the Providence Alaska system, this is the largest employer. They have a robust inpatient rehab unit (Denali Center), acute care PT, and outpatient clinics. Hiring is steady but competitive. Trend: They are increasing focus on geriatric and post-surgical care, given the aging population.
- Tanana Valley Clinic (TVC) - Physiotherapy Associates: A major outpatient orthopedic clinic, often the first stop for locals with sports injuries. They treat a lot of UAF athletes and outdoor enthusiasts. Trend: They are expanding niche services like vestibular rehab and pelvic floor therapy.
- Bassett Physical Therapy: A well-respected local private practice with multiple locations. Known for a strong community presence and treating a mix of orthopedic and neurological conditions. Trend: They are actively hiring to support their growing pediatric and aquatic therapy programs.
- University of Alaska Fairbanks (UAF) - Health Services & Athletics: UAF has its own health center and athletic department. PTs here work with a young, active population. Trend: Growing need for sports medicine and injury prevention for collegiate athletes.
- Fort Wainwright Army Base: The military base is a massive employer. The on-post clinic (General Leonard Wood Army Community Hospital) hires civilian PTs. Trend: Steady demand, with a focus on orthopedic and amputee rehab for service members and families. Requires a security clearance, which can be a hurdle but offers job stability.
- Home Health Agencies (e.g., Akeso, Providence Home Health): With a large elderly population and vast distances, home health is a growing sector. Trend: High demand for PTs willing to travel to remote communities like North Pole, Salcha, and Two Rivers. Pay can be higher due to mileage reimbursement and autonomy.
- Private Practice/Wellness Studios: Smaller, boutique clinics focusing on cash-based services like sports performance, pelvic health, or Pilates-based rehab. Trend: Niche markets are thriving as people seek personalized care outside the insurance model.
Insider Tip: The best jobs often aren't posted. Network at the annual Alaska Physical Therapy Association (AKPTA) conference and join local Facebook groups like "Fairbanks PT/OT/SLP Professionals." Many openings are filled through word-of-mouth before hitting Indeed.
Getting Licensed in AK
Alaska's licensing process is managed by the Alaska State Medical Board. It's straightforward but requires attention to detail. You must have a Doctor of Physical Therapy (DPT) from a CAPTE-accredited program and pass the National Physical Therapy Examination (NPTE). Here’s the breakdown:
- Process: Apply to the Alaska State Medical Board for a PT license. You'll need to submit transcripts, NPTE scores, and a background check. If you're licensed in another state, you may be eligible for reciprocity, but Alaska is not part of the Compact Licensure for PTs yet.
- Costs: Application fee is $400 (as of 2023). Background check is ~$50. NPTE exam fee is $485. Total upfront cost is roughly $935. Don't forget renewal fees every two years.
- Timeline: From application to a license in hand, expect 4-8 weeks if you have all documents ready. Delays often occur if transcripts are not sent directly from the university or if fingerprints need re-taking.
- Special Considerations: Alaska requires 2 hours of continuing education (CE) in pain management every two years. This is specific to our state due to the opioid crisis and high rates of chronic pain in the population.
Insider Tip: Start your application before you move. The process is slower in the summer as the board handles seasonal workers. Also, if you're applying for a job at Fort Wainwright, begin the security clearance process (SF-86 form) months in advance—it can take 6-12 months.
Best Neighborhoods for Physical Therapists
Where you live in Fairbanks dictates your commute, social life, and budget. Here are the top neighborhoods for PTs, balancing cost, commute, and lifestyle.
| Neighborhood | Vibe & Commute | Avg. 1BR Rent | Best For |
|---|---|---|---|
| University Hills | Quiet, near UAF. Easy 10-min drive to downtown/most clinics. Family-friendly, good schools. | $1,300 - $1,500 | PTs working at UAF, FMH, or Bassett. Great for those who want a short commute and proximity to trails. |
| Goldstream Valley | Rural, spacious lots. 20-25 min commute to downtown. Popular with outdoor enthusiasts. | $1,100 - $1,400 (for a shared house) | Those seeking a quiet, "Alaskan" lifestyle with more land. Ideal if you work from home occasionally or at a home health agency. |
| Downtown Fairbanks | Walkable, urban core. Close to restaurants and nightlife. Commute to clinics is under 5 mins. | $1,200 - $1,400 | Younger PTs who want to be in the heart of the action. Limited parking can be a hassle in winter. |
| Hamilton Acres | Suburban, family-oriented. 15-min commute. Larger homes, good value. | $1,250 - $1,600 | Established PTs or those planning to buy a home. Great community feel. |
| North Pole | 20 mins south of Fairbanks. Lower cost of living, but longer commute. Home to many base employees. | $1,000 - $1,300 | PTs working at Fort Wainwright or who don't mind the drive for more affordable housing. |
Insider Tip: The "commute" in Fairbanks is not just about distance—it's about daylight and road conditions. In winter, a 15-minute drive can become 30+ minutes during a snowstorm. If you work early or late shifts, consider living as close as possible to your workplace. The Steese Highway and Jefferson Street are the main arteries; living near them simplifies everything.
The Long Game: Career Growth
The 14% 10-year job growth is promising, but growth in Fairbanks is about specialization, not just more jobs. The limited market means you have to be strategic to advance your salary and role.
- Specialty Premiums: Certifications are highly valued and can directly increase your earning potential. A Board Certified Orthopedic Clinical Specialist (OCS) or Sports Certified Specialist (SCS) can push your salary into the $110,000+ range. Given the active population and military presence, these are the most lucrative. Neurologic (NCS) and Geriatric (GCS) certifications are also in high demand due to the aging population and conditions like stroke and Parkinson's.
- Advancement Paths:
- Clinical Ladder: Move from staff PT to Senior PT, then to Clinical Director or Clinic Manager (often at $120,000+).
- Entrepreneurship: Open a cash-based practice (e.g., Pilates studio, pelvic health clinic). This is high-risk but high-reward in a market with gaps.
- Consulting: Work with local sports teams (UAF Nanooks, local high schools) or on worker's compensation cases for the oil and gas industry.
- Academia: UAF occasionally hires for clinical instructor roles or adjunct faculty. This path offers stability and benefits but often at a slightly lower base pay.
- 10-Year Outlook: The demand will remain strong. An influx of retirees will continue, and the expansion of UAF's research in cold-weather physiology and sports medicine will create new niches. The key is to avoid plateauing. After 5 years, if you're not specializing or taking on leadership, your income will stagnate. Insider Tip: Attend the annual AKPTA conference in Anchorage every spring. It's the single best place to learn about trends and connect with employers statewide.
The Verdict: Is Fairbanks Right for You?
Here’s a straightforward assessment.
| Pros | Cons |
|---|---|
| Competitive Salary: $99,530 median is strong given the cost of living. | Isolated Job Market: Only 64 jobs. Less mobility if you want to switch employers. |
| High Job Growth: 14% over 10 years indicates stability and opportunity. | Harsh Winters: Long, dark, extremely cold winters (-30°F is common) can be mentally and physically taxing. |
| Low Taxes: No state income tax or sales tax. Your paycheck goes further. | Limited Amenities: Fewer shopping, dining, and entertainment options compared to Anchorage or Lower 48 cities. |
| Outdoor Access: Unparalleled hiking, skiing, fishing, and aurora viewing right outside your door. | High Cost of Certain Goods: Groceries, shipping, and vehicle maintenance are expensive. |
| Strong Community: Tight-knit professional and social circles. You'll know your colleagues well. | Dependence on a Car: Public transit is limited. You must have a reliable, winter-ready vehicle. |
Final Recommendation: Fairbanks is an excellent choice for a Physical Therapist who is adventurous, self-sufficient, and values a tight-knit community. If you are motivated by outdoor recreation, don't mind extreme weather, and are willing to specialize to maximize your income, the financial and lifestyle rewards are significant. It is not the place for someone who requires constant big-city amenities, mild winters, or frequent job-hopping. For the right person, it’s an unbeatable blend of career stability and an unparalleled Alaskan lifestyle.
FAQs
Q: Is it hard to find housing as a newcomer?
A: It can be competitive, especially from May to August when seasonal workers arrive. Start looking 2-3 months in advance. Facebook Marketplace and local real estate agencies (like Alaska Housing) are more effective than national sites. Be prepared to apply quickly.
Q: How do PTs cope with the long, dark winters?
A: It's a mindset shift. Locals invest in high-quality winter gear (parka, boots, traction devices for ice), vitamin D supplements, and embrace winter activities (cross-country skiing, ice fishing, aurora viewing). Many clinics host social events to combat isolation.
Q: Are there opportunities for PTs to work with athletes?
A: Absolutely. UAF's athletics department, local high schools, and amateur sports clubs (hockey, skiing, climbing) often need consulting PTs. Building relationships with coaches and trainers is key. Private clinics like Tanana Valley Clinic have strong sports medicine divisions.
Q: What's the licensing timeline if I'm moving from another state?
A: If you're already licensed elsewhere, the process is faster—typically 4-6 weeks. You'll need to verify your NPTE score history and submit a verification of licensure from all states. Start the process as soon as you have a job offer.
Q: Is it feasible to live in Fairbanks without a car?
A: No. It is not feasible. Public transportation (MACS buses) is limited to main routes and doesn't run late or on weekends reliably. In winter, walking is dangerous due to ice and cold. A reliable, AWD/4WD vehicle with winter tires is a non-negotiable requirement for living and working here.
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