COMMUNITY RESEARCH QUARTERLY

Transcription

1 Fairbanks North Star Borough Community Planning Department Community Research PO Box Fairbanks, Alaska (907) COMMUNITY RESEARCH QUARTERLY A Socio-Economic Review Winter 2017 Volume XL, No. 4

2 COMMUNITY RESEARCH The Department of Community Planning is located on the second floor of the Juanita Helms Administration Center at 907 Terminal Street. CITATION Tabular and summary information contained herein may be reproduced without special permission. It is requested that any information reproduced be cited as follows:, Department of Community Planning, Community Research Quarterly, Vol. XL, No. 4, ACKNOWLEDGMENTS The Department of Community Planning 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 Photo taken by Stephanie Pearson, Community Research Technician of the, Department of Community Planning.

3 FAIRBANKS NORTH STAR BOROUGH COMMUNITY RESEARCH QUARTERLY A Review of Socio-Economic Trends Volume XL, Number 4 Winter 2017 Oct. Dec. BOROUGH MAYOR Karl W. Kassel COMMUNITY PLANNING DEPARTMENT D. Christine Nelson, Director Kellen Spillman, Deputy Director COMMUNITY RESEARCH Stephanie Pearson, Community Research Technician, Community Planning Department PO Box 71267, Fairbanks, Alaska Phone: (907) Planning@fnsb.us WEBSITE:

4

5

6 Table of Contents A Spotlight on Community Economic Trends NEW Page i-iii Fairbanks Economy at a Glance 1-2 Economic Indicators 3-13 Bank Deposit & Loan Summary 3 Bankruptcies Filed 4 Foreclosures and Notices of Default 5-6 Fairbanks International Airport Freight 7 Fairbanks International Airport Transit Freight 8 Fairbanks International Airport Revenue Landings 9 Fairbanks International Airport Passengers 10 Hotel / Motel Room Receipts 11 Quarterly Hotel / Motel Room Receipts 11 Annual Hotel / Motel Room Receipts 12 University of Alaska Museum Visitors 13 Employment Civilian Labor Force Unemployment Rates Average Monthly Employment Estimates by Sector 15 Average Monthly Employment Estimates by Industry 16 Annual Average Monthly Employment by Industry 17 Annual Average Monthly Wage by Industry 18 Quarterly Census of Employment and Wages by Industry 19 Housing Apartment/Multi-Plex Vacancy Rates 20 Rental Housing Units Available 21 Average Monthly Rents for Available Housing Units 22 Residential Housing Sales 23 Annual Average Residential Housing Sales 24 New Structures Annual Report 25 a Winter 2017 Community Research Quarterly

7 Table of Contents Cost of Living C2ER Cost of Living Index Consumer Price Index-U for All Items 27 Consumer Price Index-U (Anchorage) 28 Consumer Price Index-U for All Items (U.S. City Average) 28 Cost of Food at Home for a Week 29 Average Self-service Unleaded Gasoline Prices 30 Population & Social Conditions Population Counts & Estimates 31 Military Population 32 Vital Statistics 33 Birth, Death, Marriage & Divorce Rates 34 College Degrees Awarded 35 Opening Fall Semester headcounts for Credit Enrollment, University of Alaska 35 Fall Public School Enrollments 36 Private School Enrollments 37 Alaska Statewide Correspondence School Enrollments 37 Alcoholic Beverages Distributed or Sold 38 Annual Alcoholic Beverages Distributed or Sold 39 Page NOTE FROM THE EDITOR: The has chosen to move the Community Research Quarterly to a digital format in order to help reduce paper use. A hard copy of the Community Research Quarterly can now be purchased for $10 at the, Community Planning Department's front counter. PLEASE NOTE: These documents contain links to websites outside the Web Server. The has no control over the contents posted on any linked external web sites and these sites may have separate terms of use and privacy policies. The inclusion of this web link does not imply endorsement by the of the site, its content, advertisers or sponsors. Community Research Quarterly Winter 2017 b

8 A SPOTLIGHT ON COMMUNITY ECONOMIC TRENDS SPOTLIGHT SOURCE: Doyon keeps up Nenana drilling; touts gas alternative to Cook Inlet By Elwood Brehmer, Alaska Journal of Commerce, November 29, Elwood Brehmer can be reached at Read more at the Alaska Journal of Commerce website: i Winter 2017 Community Research Quarterly

9 Doyon keeps up Nenana drilling; touts gas alternative to Cook Inlet By: Elwood Brehmer, Alaska Journal of Commerce Doyon Ltd. is sticking with its oil and gas exploration program near Nenana. Despite past challenges, the Interior Alaska Native regional corporation announced Nov. 28 that it plans to drill another exploration well in the frontier basin west of Fairbanks next summer. The Totchaket-1 well will be drilled based on the results of a 64 square-mile 3D seismic program shot early this year, according to a Doyon release. Company leaders think their years of exploration around Nenana are close to paying off. We are especially excited about the recent seismic results because for the first time in this basin we see trapped hydrocarbons, Doyon CEO Aaron Schutt said in a formal statement. This could be a game-changer. Doyon has drilled three exploration wells in recent years on the roughly 240,000 acres of state leases it holds in the area and conducted several seismic shoots. The Native corporation also owns land around Nenana. The results of that drilling have mixed. A well drilled in 2016 did not turn out to be successful, but one drilled in 2013 hit several hundred feet of natural gas-saturated sandstone, according to company officials. If not for a faulty geologic trap, Doyon believes it could ve produced up to 180 billion cubic feet of gas, or bcf, from the formation and potentially supplied the Fairbanks market for decades. Doyon Vice President Jim Mery said the trap was full of water and the gas in place was under pressured as a result of the fault. We think the building blocks have been there and that s why we ve kept at it. We learn from every project and it informs us as to what we should do next, Mery said. The Totchaket well will be drilled to 12,500 feet and be about 20 miles north of Nenana and on the east side of the Tanana River, according to Doyon. Prior drilling was done closer to Nenana and west of the Tanana. Although our primary target is oil, our gas prospects are greater, so it is unfortunate timing to see the Interior Gas Utility ready now to commit to a course of action with (the Alaska Industrial Development and Export Authority) which will tie Fairbanks for at least a generation to imported LNG by truck at much less favorable price projections, Mery said in the release. He added that by committing to the Interior Energy Project plan to expand natural gas distribution in Fairbanks, the borough-owned utility would kill the option for use of future Nenana gas as well as foreclosing future opportunities to tap into any North Slope gas export line. AIDEA spokesman Karsten Rodvik said via that after the three-year gas supply contract the authority reached with Hilcorp for the project earlier this year expires, IGU can purchase gas from any source. That contract, which kicks in Jan. 1, is included in the $331 million package for IGU to purchase Fairbanks Natural Gas and finance gas infrastructure build out in the Fairbanks area with lowinterest state loans, bonds and grant money. Community Research Quarterly Alaska Journal of Commerce Winter 2017 ii

10 IGU leaders have expressed concerns with some of the finer points of the financing terms in the tentative deal with AIDEA, but the start-up utility board is expected to make a decision on it soon. Since its inception in 2013, the Interior Energy Project has been intended as an interim solution to Fairbanks high energy costs until a gasline from the North Slope is built. While high fuel oil costs subsided along with oil prices in late 2014 which has also challenged the economics of the IEP by reducing the incentive for residents to switch to gas getting more natural gas to the city would also help improve its at-times dangerously poor winter air quality. Mery said in an interview that the gas contract is not the issue; rather, it s the investment in the LNG supply chain expanding the Mat-Su LNG plant, tankers and LNG storage in Fairbanks that will tie the utility to Cook Inlet-sourced gas for years. Once that entity commits to hundreds of million of dollars of debt they re wedded to that project. How can they abandon that project to buy cheaper gas? Somebody has to pay for those assets that have been acquired, he said. We re just saying there might be another option; there might be a better option in the relative near term. We re just throwing that out for the public to consider. IEP leaders have discussed the possibility of using the LNG supply chain to fuel other communities on the road system if another gas supply for the Fairbanks area is found, but their primary focus has been on getting the project up and running first. Mery has said in the past Doyon could start supplying natural gas about three years after a commercially viable discovery is made. On its current schedule, additional gas is expected to start flowing from the IEP in IGU leaders could not be reached for comment in time for this story. Mery noted Doyon would have to beat fuel oil prices with its natural gas if it is successful, which the company thinks it can do. iii Winter 2017 Alaska Journal of Commerce Community Research Quarterly

11 COMMUNITY RESEARCH QUARTERLY of the FAIRBANKS NORTH STAR BOROUGH Community Research Quarterly Winter 2017 iv

12 ECONOMY AT-A-GLANCE Economic Indicators 4th Qtr '17 % Change from Prev Qtr % Change from Prev Yr BANKING Total Bank Deposits (millions of $) $1, % 3.7% Total Bank Loans (millions of $) $ % 6.4% BANKRUPTCIES Business % 100.0% Non-Business % 6.3% TRANSPORTATION Fairbanks International Airport Incoming Freight (thousands of lbs.) 1, % 13.9% Outgoing Freight (thousands of lbs.) 5, % -8.6% Transit Freight (thousands of lbs.) % 68.6% Revenue Landings 5, % -4.6% Incoming Passengers 125, % 2.7% Outgoing Passengers 131, % 1.5% Employment 4th Qtr '17 % Change from Prev Qtr % Change from Prev Yr EMPLOYMENT Total Nonfarm Employment 36, % -1.3% Mining and Logging % 14.3% Construction 2, % -6.7% Manufacturing % 0.0% Trade/Transportation/Utilities 7, % -2.6% Information % 0.0% Financial Activities 1, % 0.0% Professional & Business Services 2, % -4.5% Education & Health Services 5, % 3.7% Leisure & Hospitality 3, % -7.7% Other Services 1, % -16.7% Government 11, % 0.9% SOURCE: FNSB Community Research Quarterly: (see table of contents for source data page) Bank Deposit & Loan Summary, Total Bankruptcies Filed, Fairbanks International Airport Freight, Fairbanks International Airport Transit Freight, Fairbanks International Airport Revenue Landings, Fairbanks International Airport Passengers, Average Monthly Employment Estimates By Industry. NOTE: Employment numbers rounded to nearest Winter 2017 Community Research Quarterly

13 Fairbanks Economy at-a-glance (continued) Housing 4th Qtr '17 '% Change from Prev Qtr '% Change from Prev Yr REAL ESTATE Single Family Houses Number Sold % 23.6% Average Price $209, % -12.3% RENTALS Residential Rentals Rental Units Advertised % -12.7% Average Rent (2 bdrm. apartment) $1, % -0.7% Housing 2017 % Change from Prev Yr CONSTRUCTION New Structures Annual Report % Population 2017 % Change from Prev Yr POPULATION ** U.S. Census Annual Estimates FNSB* NA - City of Fairbanks NA - City of North Pole NA - AK Dept of Commerce, Community & Economic Dev FNSB* 97,738 - AK Dept of Labor and Workforce Development FNSB* 97, % City of Fairbanks 31, % City of North Pole 2, % SOURCE: FNSB Community Research Quarterly: (see table of contents for source data page) Residential Housing Sales, Rental Housing Units Available, Average Monthly Rents for Available Housing Units, New Structures by Unit Annual Report, Population Counts and Estimates. * The FNSB numbers include population for all communities within the Borough plus Fort Wainwright Army Base and Eielson Air Force Base. ** U.S. Census and ADOL estimated numbers may be revised annually. NA Data not yet available. Community Research Quarterly Winter

14 ECONOMIC INDICATORS BANK DEPOSIT & LOAN SUMMARY , End of Quarter Loan-to-Deposit Ratio BANK DEPOSIT & LOAN SUMMARY Deposits Millions of Dollars March 31 $873.8 $938.3 $957.0 $1,007.8 $1,063.7 $1,083.7 $1,191.4 $1,168.3 June 30 $889.4 $929.3 $983.6 $1,023.2 $1,064.6 $1,131.5 $1,160.7 $1,154.7 Sept. 30 $927.1 $966.3 $1,021.4 $1,064.8 $1,075.3 $1,165.1 $1,191.3 $1,200.3 Dec. 31 $949.2 $960.3 $1,014.6 $1,073.7 $1,105.7 $978.5 $1,164.0 $1,207.1 Loans Millions of Dollars March 31 $660.0 $646.9 $619.5 $675.3 $655.9 $680.1 $673.3 $636.4 June 30 $674.4 $651.6 $644.7 $681.8 $657.7 $687.2 $645.4 $654.2 Sept. 30 $656.0 $636.1 $685.6 $669.8 $663.1 $655.4 $614.0 $661.6 Dec. 31 $676.0 $636.7 $679.1 $662.8 $668.9 $683.1 $619.0 $658.9 SOURCE: Denali State Bank, First National Bank of Alaska, Mt. McKinley Bank, Northrim Bank, Wells Fargo Bank Alaska, N.A. (local branches), personal communications Winter 2017 Community Research Quarterly

15 Economic Indicators TOTAL BANKRUPTCIES FILED Alaska Fourth Judicial District, Fairbanks Office Combined Bankruptcies BANKRUPTCIES FILED Alaska Fourth Judicial District, Fairbanks Office ^ Nonbusiness 1st Quarter nd Quarter rd Quarter th Quarter Total % Change from Previous Year 20% -2% -30% -26% -20% -23% 20% 7% Business 1st Quarter nd Quarter rd Quarter th Quarter Total % Change from Previous Year -90% -50% 0% 300% 25% -60% 0% 100% Combined Annual Total SOURCE: Personal communications with FNSB Treasury & Budget Division, NOTE: Revised formulas and chart, November 18, ^ 3rd Quarter 2013 numbers were changed to remove count of bankruptcy appeal case and correct a miscount in business cases. Community Research Quarterly Winter

16 Economic Indicators NOTICES OF DEFAULT Fairbanks Recording District % Change January % February % March % April % May % June % July % August % September % October % November % December % Total % SOURCE: Recorder's Office, Alaska Department of Natural Resources website: NOTE: Current data supersedes previous figures reported. The data presented only reflects the number of notice of defaults that have been recorded and does not reflect any effect of amendments, modifications or terminations of notice of defaults. FORECLOSURES Fairbanks Recording District % Change January % February % March % April % May % June % July % August % September % October % November % December % Total % SOURCE: Recorder's Office, 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. Current data supersedes previous figures reported. 5 Winter 2017 Community Research Quarterly

17 Economic Indicators 300 Annual Foreclosures & Notices of Default Fairbanks Recording District NOTICES OF DEFAULT FORECLOSURES Quarterly Foreclosures & Notices of Default Fairbanks Recording District NOTICES OF DEFAULT FORECLOSURES st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th Community Research Quarterly Winter

18 Economic Indicators FAIRBANKS INTERNATIONAL AIRPORT FREIGHT % Change Incoming Thousands of Pounds January 1, % February % March 1, % April % May % June , % July % August % September , % October % November % December % Total 8,347 7,330 6,996 7,287 7,076 7,506 7,595 1% Outgoing Thousands of Pounds January 2,883 2,666 1,871 2,205 1,464 2,034 2,118 4% February 1,539 2,590 2,365 2,561 1,721 1,819 1,983 9% March 2,776 2,721 1,394 2,578 2,140 2,088 2,395 15% April 2,482 2,670 2,781 2,711 7,369 1,987 2,433 22% May 2,587 4,112 3,162 3,421 3,747 2,455 2,825 15% June 3,340 3,574 3,740 2,973 3,203 3,652 3,703 1% July 3,017 3,830 3,658 3,268 3,980 3,480 3,606 4% August 3,650 3,956 3,619 3,057 3,516 3,718 3,681-1% September 3,233 4,143 3,003 3,130 3,125 3,702 3,561-4% October 2,660 2,857 3,043 2,782 3,662 2,602 2,664 2% November 2,623 2,310 1,982 2,091 1,558 1,747 1,714-2% December 2,775 2,725 2,203 1,812 1,749 1,970 1,399-29% Total 33,565 38,154 32,821 32,589 37,234 31,254 32,082 3% SOURCE: Alaska Department of Transportation and Public Facilities, Fairbanks International Airport, "Fairbanks International Airport Statistical Report", NOTE: Fluctuations in Freight numbers are unpredictable from month to month. Factors that may influence Freight numbers could include fire, flooding, storms and regional construction projects. This data is preliminary and may be subject to revision. 7 Winter 2017 Community Research Quarterly

19 Economic Indicators FAIRBANKS INTERNATIONAL AIRPORT TRANSIT FREIGHT % Change ' Thousands of Pounds January % February % March % April % May % June % July % August % September % October % November % December % Total 4,898 3,695 1, % SOURCE: Alaska Department of Transportation and Public Facilities, Fairbanks International Airport, "Fairbanks International Airport Statistical Report", NOTE: Fluctuations in Transit Freight numbers are unpredictable from month to month. Factors that may influence transit freight number could include fire, flooding, storms and regional construction projects. This data is preliminary and may be subject to revision. 800, ,000 FAIRBANKS INTERNATIONAL AIRPORT TRANSIT FREIGHT Pounds of Transit Freight 600, , , , , ,000 0 J/13 J/14 J/15 J/16 J/17 J=January/Year Community Research Quarterly Winter

20 Economic Indicators FAIRBANKS INTERNATIONAL AIRPORT REVENUE LANDINGS ,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 J/08 J/09 J/10 J/11 J/12 J/13 J/14 J/15 J/16 J/17 J=January/Year FAIRBANKS INTERNATIONAL AIRPORT REVENUE LANDINGS % Change January 1,673 1,614 1,508 1,569 1,611 1,711 1,676-2% February 1,551 1,588 1,578 1,649 1,565 1,750 1,665-5% March 1,935 1,836 1,813 2,074 1,913 1,959 1,962 0% April 1,797 1,712 1,742 1,801 1,919 1,673 1,650-1% May 2,070 2,085 1,983 1,973 1,992 1,984 1,922-3% June 2,416 2,360 2,431 2,305 2,236 2,421 2,373-2% July 2,368 2,349 2,398 2,416 2,310 2,455 2,289-7% August 2,751 2,447 2,631 2,632 2,490 2,698 2,570-5% September 2,544 2,167 2,258 2,365 2,244 2,336 2,261-3% October 1,942 1,715 1,862 1,904 1,959 1,913 1,800-6% November 1,760 1,459 1,585 1,596 1,603 1,735 1,699-2% December 1,820 1,532 1,561 1,693 1,746 1,757 1,651-6% Total 24,627 22,864 23,350 23,977 23,588 24,392 23,518-4% SOURCE: Alaska Department of Transportation and Public Facilities, Fairbanks International Airport, "Fairbanks International Airport Statistical Report", NOTE: This data is preliminary and may be subject to revision. 9 Winter 2017 Community Research Quarterly

21 Economic Indicators FAIRBANKS INTERNATIONAL AIRPORT PASSENGERS % Change Incoming January 33,897 33,555 34,474 34,000 36,438 37,979 39,770 5% February 30,763 31,566 31,104 32,849 31,848 38,002 39,383 4% March 39,085 37,380 38,735 43,295 44,445 47,778 48,914 2% April 30,449 30,156 29,853 31,459 32,234 35,306 35,425 0% May 41,461 42,888 41,734 42,797 47,161 48,831 50,289 3% June 51,949 56,506 53,673 56,100 59,012 59,225 63,538 7% July 55,490 57,927 59,516 61,957 64,499 64,338 65,053 1% August 57,039 58,021 57,174 60,925 62,256 63,907 65,505 3% September 38,298 39,404 38,093 39,852 41,671 47,325 45,603-4% October 32,048 31,710 33,781 33,536 37,222 40,492 39,241-3% November 30,024 30,085 29,534 30,834 36,920 39,873 42,549 7% December 31,408 31,250 33,512 34,859 39,280 42,174 44,011 4% Total 471, , , , , , ,281 2% Outgoing January 30,157 29,447 30,946 30,299 32,576 35,529 36,769 3% February 29,911 31,231 30,457 32,386 31,770 36,544 39,488 8% March 38,609 37,143 38,519 44,297 43,609 47,936 48,847 2% April 29,943 29,746 29,952 31,562 32,052 35,209 36,213 3% May 37,776 40,461 38,411 38,924 42,898 43,516 43,905 1% June 48,027 50,765 49,715 54,636 57,462 59,248 59,611 1% July 52,019 55,564 56,807 59,333 61,578 62,638 62,145-1% August 53,832 56,668 56,543 59,422 60,438 63,432 63,888 1% September 45,230 45,283 45,978 45,950 48,353 51,919 51,414-1% October 33,996 33,915 35,712 36,223 39,056 43,484 41,318-5% November 30,905 30,909 30,748 31,816 37,421 40,200 42,519 6% December 35,921 36,169 37,428 38,780 42,638 46,125 47,802 4% Total 466, , , , , , ,919 1% SOURCE: Alaska Department of Transportation & Public Facilities, Fairbanks International Airport, "Fairbanks International Airport Statistical Report", NOTE: Numbers do not include passengers in transit. This data is preliminary and may be subject to revision. Community Research Quarterly Winter

22 Economic Indicators HOTEL/MOTEL ROOM RECEIPTS Quarter % Chg st $6,603,066 $7,170,000 $8,202,072 $7,895,695 $8,966,361 $11,697, % 2nd $14,464,988 $14,031,111 $14,523,116 $15,293,135 $16,910,821 $16,269, % 3rd $28,737,266 $25,686,646 $25,687,167 $27,541,793 $28,845,490 $29,008, % 4th $8,886,940 $10,909,172 $8,430,551 $8,989,832 $10,441,284 $10,271, % Total $58,692,260 $57,796,929 $56,842,905 $59,720,454 $65,163,956 $67,246, % SOURCE: City of Fairbanks, Finance Dept.; City of North Pole, Finance Dept.; 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. 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 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 in Thousands 11 Winter 2017 Community Research Quarterly

23 Economic Indicators ANNUAL HOTEL/MOTEL ROOM RECEIPTS Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Annual Total % Change From Prev Yr 2008 $4,928,353 $15,450,099 $29,652,248 $7,251,731 $57,282, % 2009 $5,554,495 $11,750,227 $25,311,523 $7,176,965 $49,793, % 2010 $5,549,520 $14,817,922 $27,183,699 $6,887,983 $54,439, % 2011 $6,317,082 $13,757,533 $26,099,065 $7,429,594 $53,603, % 2012 $6,603,066 $14,464,988 $28,737,266 $8,886,940 $58,692, % 2013 $7,170,000 $14,031,111 $25,686,646 $10,909,172 $57,796, % 2014 $8,202,072 $14,523,116 $25,687,167 $8,430,551 $56,842, % 2015 $7,895,695 $15,293,135 $27,541,793 $8,989,832 $59,720, % 2016 $8,966,361 $16,910,821 $28,845,490 $10,441,284 $65,163, % 2017 $11,697,004 $16,269,468 $29,008,361 $10,271,906 $67,246, % 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. City of North Pole was added beginning second quarter Due to accrual adjustments the current figures supersede previous figures. ANNUAL HOTEL/MOTEL ROOM RECEIPTS $70 $65 $60 $55 $50 $45 $ Millions Community Research Quarterly Winter

24 Economic Indicators UNIVERSITY OF ALASKA MUSEUM OF THE NORTH VISITORS Fairbanks, Alaska % Change January 2,235 3,170 4,697 4,406 3,338 3,364 1% February 3,969 3,705 6,201 3,651 5,763 5,676-2% March 5,934 6,871 9,634 6,810 9,477 6,845-28% April 2,911 2,664 4,657 3,255 3,487 3,084-12% May 5,100 4,859 4,721 5,820 5,893 5,438-8% June 11,236 10,956 12,070 12,870 13,319 11,454-14% July 13,668 14,746 14,876 14,517 15,249 13,925-9% August 12,536 12,993 13,336 14,341 13,924 13,643-2% September 7,137 8,163 6,489 6,917 8,588 7,700-10% October 3,534 6,116 5,525 4,009 4,384 5,041 15% November 1,718 4,206 4,350 3,802 3,885 4,136 6% December 3,662 6,013 5,572 6,754 5,424 4,939-9% Total 73,640 84,462 92,128 87,152 92,731 85,245-8% SOURCE: University of Alaska Museum of the North, University of Alaska, Fairbanks, personal communications NOTE: Numbers are preliminary and may be subject to revision. UNIVERSITY OF ALASKA MUSEUM OF THE NORTH VISITORS Fairbanks, Alaska , ,000 80,000 60,000 40,000 20,000 Museum of the North Visitors 0 13 Winter 2017 Community Research Quarterly

25 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: U.S. Department of Labor, Bureau of Labor Statistics, Current Population Survey, and website: NOTE: Rates presented are "not seasonally adjusted". MSA (Metropolitan Statistical Area) Data provided is subject to revision. Community Research Quarterly Winter

26 Employment CIVILIAN LABOR FORCE UNEMPLOYMENT RATES State of Alaska, FNSB, and the United States Alaska FNSB U. S. Percentage Unemployed J/12 J/13 J/14 J/15 J/16 J/17 J = January/Year AVERAGE MONTHLY EMPLOYMENT ESTIMATES BY INDUSTRY Fourth Quarter Average 2017 Manufacturing Mining & Logging Financial Activities ,200 Construction Leisure & Hospitality 2,800 3,600 Trade, Transportation & Utilities 7,600 Government 11, ,000 4,000 6,000 8,000 10,000 12, Winter 2017 Community Research Quarterly

27 Employment AVERAGE MONTHLY EMPLOYMENT ESTIMATES BY INDUSTRY MSA 2017 Year-to-Date Average % Change Industry st 2nd 3rd 4th Reporting Period Qtr Qtr Qtr Qtr Jan-Dec Jan-Dec Jan-Dec Mining and Logging % Construction 2,300 2,800 3,500 2,800 2,900 3, % Manufacturing % Trade, Transportation, Utilities 7,400 7,700 8,000 7,600 7,700 7, % Wholesale Trade % Retail Trade 4,600 4,700 4,800 4,700 4,700 5, % Trans/Warehouse/Utilities 2,200 2,400 2,500 2,200 2,300 2, % Information % Financial Activities 1,200 1,200 1,200 1,200 1,200 1, % Professional & Business Svcs 2,000 2,200 2,300 2,100 2,100 2, % Educational & Health Services 5,400 5,500 5,600 5,600 5,500 5, % Leisure & Hospitality 3,600 4,400 4,800 3,600 4,100 4, % Other Services 1,000 1,100 1,100 1,000 1,000 1, % Government 11,000 10,900 10,500 11,000 10,800 10, % Federal Government 2,900 3,100 3,100 2,900 3,000 3, % State Government 4,800 4,800 4,600 4,800 4,800 4, % Local Government ² 3,300 3,000 2,800 3,300 3,100 3, % Total Nonfarm 35,600 37,700 38,900 36,800 37,300 38, % 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 is subject to change. Please note that rounding is to nearest 100. Excludes self-employed workers, fishers, domestics, and unpaid family workers. Government includes employees of public school systems and the University of Alaska. MSA (Metropolitan Statistical Area) Community Research Quarterly Winter

28 Employment ANNUAL AVERAGE MONTHLY EMPLOYMENT BY INDUSTRY % Change Industry Natural Resources & Mining * 1,489 1,468 Agriculture, Forestry, Fishing, Hunting % Mining * 1,441 1,429 Construction 2,431 2,557 3,197 2, % Construction of Buildings % Heavy Construction ,163 1, % Specialty Trade Contractors 1,351 1,403 1,465 1, % Manufacturing * Trade, Transportation & Utilities 7,789 7,760 7,934 7, % Wholesale Trade % Retail Trade 4,643 4,678 4,882 4, % Food & Beverage % General Merchandise 1,299 1,261 1,311 1, % Transportation & Warehousing 2,018 1,947 1,940 2, % Air Transportation % Transit & Ground Passenger % Information % Telecommunication % Financial Activities 1,416 1,308 1,356 1, % Finance & Insurance % Credit Intermediation, etc % Real Estate, Renting & Leasing % Real Estate % Professional & Business Services 2,402 2,252 2,265 2, % Professional, Scientific, Technical Services 1,472 1,319 1,279 1, % Management of Companies & Enterprises % Administrative & Waste Services % Educational & Health Services 5,229 5,158 5,205 5, % Health Care & Social Assistance 5,012 4,953 5,005 5, % Leisure & Hospitality 4,180 4,212 4,250 4, % Accommodation 1,089 1,095 1,129 1, % Food Services & Drinking Places 2,636 2,649 2,615 2, % Other Services 1,151 1,130 1,129 1, % Membership Organizations, etc % Repair & Maintenance % Government 11,641 11,419 11,209 10, % Federal Government 3,026 2,865 2,926 3, % State Government 5,472 5,426 5,242 4, % Local Government 3,143 3,128 3,041 2, % Unclassified Establishments % Total Industries 39,323 38,859 38,371 37, % SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; Quarterly Census of Employment & Wages-Annual Review, NOTE: Data is preliminary and subject to revision * Due to changes in employer classifications & employment levels data that was previously disclosable has become confidential. 17 Winter 2017 Community Research Quarterly

29 Employment ANNUAL AVERAGE MONTHLY WAGE BY INDUSTRY % Change Industry Natural Resources & Mining * $7,455 $7,694 Agriculture, Forestry, Fishing, Hunting $1,509 $1,634 $1,788 $1, % Mining* $7,654 $7,859 Construction $6,306 $6,669 $7,413 $7, % Construction of Buildings $5,363 $5,677 $5,666 $5, % Heavy Construction $7,958 $8,740 $9,170 $8, % Specialty Trade Contractors $6,241 $6,381 $6,700 $6, % Manufacturing * $4,436 $4,491 Trade, Transportation & Utilities $3,376 $3,414 $3,413 $3, % Wholesale Trade $4,540 $4,560 $4,590 $4, % Retail Trade $2,604 $2,633 $2,635 $2, % Food & Beverage $2,259 $2,289 $2,295 $2, % General Merchandise $2,377 $2,488 $2,450 $2, % Transportation & Warehousing $3,966 $4,106 $4,087 $4, % Air Transportation $3,905 $3,941 $3,485 $4, % Transit & Ground Passenger $2,390 $2,607 $2,474 $2, % Information $4,468 $4,793 $4,658 $4, % Telecommunication $6,288 $6,393 $6,492 $6, % Financial Activities $4,011 $3,951 $4,047 $4, % Finance & Insurance $4,285 $4,044 $4,131 $4, % Credit Intermediation, etc. $4,070 $4,126 $4,272 $4, % Real Estate, Renting & Leasing $3,673 $3,841 $3,958 $4, % Real Estate $3,433 $3,470 $3,610 $3, % Professional & Business Services $4,256 $4,188 $4,261 $4, % Professional, Scientific, Technical Services $4,608 $4,548 $4,626 $4, % Management of Companies & Enterprises $7,294 $7,623 $7,765 $8, % Administrative & Waste Services $3,157 $3,077 $3,197 $3, % Educational & Health Services $3,777 $3,883 $4,032 $4, % Health Care & Social Assistance $3,842 $3,949 $4,102 $4, % Leisure & Hospitality $1,617 $1,701 $1,751 $1, % Accommodation $2,241 $2,403 $2,378 $2, % Food Services & Drinking Places $1,387 $1,439 $1,537 $1, % Other Services $2,378 $2,538 $2,606 $2, % Membership Organizations, etc. $1,907 $1,885 $1,828 $2, % Repair & Maintenance $3,472 $3,718 $3,873 $3, % Government $4,510 $4,613 $4,728 $4, % Federal Government $5,565 $5,847 $5,939 $5, % State Government $4,226 $4,277 $4,335 $4, % Local Government $3,989 $4,065 $4,240 $4, % Unclassified Establishments $1,872 $2,661 $2,081 $2, % Total Industries $3,997 $4,097 $4,190 $4, % SOURCE: Alaska Department of Labor and Workforce Development, Research and Analysis Section; Quarterly Census of Employment #DIV/0! & Wages - Annual Review, NOTE: Data is preliminary and subject to revision * Due to changes in employer classification & employment levels data that was previously disclosable has become confidential. Community Research Quarterly Winter

30 Employment QUARTERLY CENSUS OF EMPLOYMENT AND WAGES BY INDUSTRY By Quarter --1Q 2017 Avg Mo-- --2Q 2017 Avg Mo-- % Chg From Prev Qtr Industry Emp Wage Emp Wage Emp Wage Natural Resources & Mining* 826 $6,491 Agriculture, Forestry, Fishing, Hunting* 17 $1,597 Mining * Construction 2,094 $6,232 2,706 $6, % 7.1% Construction of Buildings 423 $4, $5, % 16.9% Heavy Construction 791 $8,182 1,013 $8, % 0.4% Specialty Trade Contractors 879 $5,241 1,206 $5, % 12.1% Manufacturing * 614 $3,589 Trade, Transportation & Utilities 7,470 $3,485 7,943 $3, % -4.4% Wholesale Trade 611 $4, $4, % -3.1% Retail Trade 4,677 $2,744 4,839 $2, % -2.5% Food & Beverage 451 $2, $2, % 7.3% General Merchandise 1,343 $2,504 1,330 $2, % 2.4% Transportation & Warehousing 1,806 $4,107 2,074 $3, % -7.6% Air Transportation 536 $4, $4, % -2.3% Transit & Ground Passenger 341 $2, $2, % -3.8% Information 429 $4, $4, % 5.0% Telecommunication 229 $6, $6, % 5.0% Financial Activities 1,299 $4,351 1,321 $4, % -6.8% Finance & Insurance 668 $4, $4, % -7.7% Credit Intermediation, etc. 465 $4, $4, % -13.3% Real Estate, Renting & Leasing 630 $4, $3, % -6.0% Real Estate 440 $3, $3, % -7.5% Professional & Business Services 2,226 $4,122 2,455 $4, % 1.3% Professional, Scientific, Technical Services 1,297 $4,441 1,401 $4, % 3.1% Management of Companies & Enterprises 128 $6, $5, % -19.0% Administrative & Waste Services 802 $3, $3, % 5.9% Educational & Health Services 5,499 $4,121 5,489 $4, % -0.7% Health Care & Social Assistance 5,289 $4,195 5,284 $4, % -0.6% Leisure & Hospitality 3,953 $1,733 4,656 $1, % -5.1% Accommodation 864 $2,624 1,251 $1, % -25.5% Food Services & Drinking Places 2,577 $1,515 2,828 $1, % 3.2% Other Services 960 $2,680 1,046 $2, % 9.6% Repair & Maintenance 393 $3, $4, % 9.4% Membership Organizations, etc. 349 $2, $2, % 0.3% Government 11,084 $4,642 10,605 $5, % 8.4% Federal Government 2,947 $6,131 3,068 $5, % -5.7% State Government 4,846 $4,390 4,782 $4, % -4.5% Local Government 3,291 $3,680 2,755 $5, % 53.8% Unclassified Establishments 67 $2, $3, % 24.3% Total Industries 36,369 $4,087 38,205 $4, % 0.3% 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: NOTE: All numbers are preliminary and subject to revision. There is an approximate 6 month lag in data release. * Due to changes in employer classification & employment levels data that was previously disclosable has become confidential. 19 Winter 2017 Community Research Quarterly

31 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 2,000 to 3,000 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 Military Police were deployed to Iraq in Fall-Winter Ft. Wainwright base housing privatized and contracted management to New Haven Communities in May 2009 with additional new construction through The Ft. Wainwright Army 1st Battalion, 52nd Aviation Regiment, approximately 360 soldiers, deployed for nine-month tour beginning March The 6th Squadron, 17th Cavalry Regiment, U.S. Army Alaska Aviation Task Force, approximately 400 soldiers, deployed for a nine-month tour beginning May Vacancy Rate Percentage Mar APARTMENT / MULTI-PLEX VACANCY RATES Dec Mar Dec Mar Dec Mar Dec Mar Dec Community Research Quarterly Winter

32 Housing RENTAL HOUSING UNITS AVAILABLE Apartments Houses Mobile Total Cabins Eff. 1-BR 2-BR 3+BR 1-BR 2-BR 3-BR 4+BR Homes Rentals 2013 March June September December March June September December March June September December March June September December March June September December % Change December 10% -33% 35% -28% -67% -56% -67% -33% - -21% -13% SOURCE: Community Research 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: B&B's come off survey in May & back on in September. * Correction made to chart below (September and December 2014 data) on May 15, No units appeared in the survey period. RENTAL HOUSING UNITS AVAILABLE * Number Available Mar Houses Apartments Dec Mar Dec Mar Dec Mar Dec Mar Dec Mar Dec 21 Winter 2017 Community Research Quarterly

33 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 2013 March $656 $920 $1,190 $1,720 $912 $1,185 $1,787 $2,215 $1,200 $570 June $645 $920 $1,181 $1,797 $981 $1,369 $1,664 $2,437 $625 $520 September $959 $919 $1,215 $1,698 $1,035 $1,390 $1,661 $2,185 $858 $635 December $768 $1,047 $1,234 $1,698 $1,011 $1,243 $1,820 $1,951 $900 $ March $700 $1,036 $1,215 $1,609 $1,015 $1,291 $1,523 $2,217 $1,022 $611 June $717 $935 $1,201 $1,577 $970 $1,278 $1,856 $2,155 $770 $664 September $847 $933 $1,197 $1,586 $912 $1,241 $1,762 $1,912 $850 $682 December $700 $939 $1,195 $1,505 $1,087 $1,335 $1,699 $1,845 - $ March $658 $910 $1,113 $1,574 $1,341 $1,283 $1,719 $2,222 - $764 June $641 $892 $1,099 $1,678 - $1,207 $1,650 $2,118 $700 $556 September $685 $907 $1,151 $1,723 $1,136 $1,292 $1,511 $2,348 $950 $718 December $596 $951 $1,128 $1,764 $995 $1,295 $1,602 $2,154 - $ March $668 $911 $1,160 $1,746 $1,100 $1,175 $1,325 $2,270 $875 $635 June $661 $898 $1,142 $1,747 $956 $1,375 $1,686 $2,160 - $552 September $663 $912 $1,161 $1,661 $993 $1,421 $1,614 $2,352 $850 $685 December $612 $926 $1,144 $1,704 $1,133 $1,225 $1,682 $2,057 - $ March $625 $915 $1,159 $1,577 - $1,337 $1,674 $2,297 - $557 June $644 $876 $1,141 $1,580 $1,191 $1,335 $1,590 $2,248 - $626 September $671 $893 $1,115 $1,631 $912 $1,300 $1,509 $2,190 - $606 December $606 $906 $1,136 $1,690 $1,066 $1,147 $1,687 $2,038 - $560 % Change December -1% -2% -1% -1% -6% -6% 0% -1% - -24% SOURCE: Community Research 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: B&B's come off survey in May & back on in September. - No units appeared in the survey period. 2 Bedroom Apt Rent $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 Mar AVERAGE MONTHLY RENTS FOR AVAILABLE HOUSING UNITS Dec Mar Dec Mar Dec Mar Dec Mar 2 Bdrm. Apts. 3 Bdrm. Houses Dec Mar Dec $2,500 $2,000 $1,500 $1,000 $500 $0 3 Bedroom House Rent Community Research Quarterly Winter

34 Housing Quarter RESIDENTIAL HOUSING SALES* ** 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5+ Bedroom # Price # Price # Price # Price # Price # Sold Avg Price st 8 $118, $150, $207, $249,320 6 $315, $204,471 2nd 14 $101, $157, $221, $273, $345, $224,097 3rd 24 $97, $169, $239, $281, $307, $233,362 4th 13 $78, $164, $234, $266, $338, $224, Total 59 $97, $161, $227, $271, $328, $224, st 10 $93, $140, $221, $279,065 8 $300, $218,071 2nd 22 $110, $179, $238, $271, $391, $230,006 3rd 24 $110, $185, $236, $274, $393, $231,039 4th 19 $106, $167, $248, $280, $332, $238, Total 75 $107, $173, $237, $275, $353, $230, st 8 $108, $152, $242, $289,242 8 $255, $231,165 2nd 19 $100, $160, $236, $282, $317, $233,224 3rd 28 $98, $171, $241, $293, $329, $234,493 4th 26 $101, $152, $226, $263, $250, $209, Total 81 $101, $161, $236, $282, $300, $227,446 % Chg 4th Qtr 37% -4% 56% -9% 25% -9% 12% -6% -25% -25% 24% -12% % Chg ANNUAL % -6% 22% -7% 15% 0% 17% 3% 43% -15% 18% -1% 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. Total RESIDENTIAL HOUSING SALES , Quarterly Data Total Number Sold Sales Average Selling Price $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Average Selling Price 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 23 Winter 2017 Community Research Quarterly

35 Housing Year ANNUAL AVERAGE RESIDENTIAL HOUSING SALES* % Chg From Avg. 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 $68, $100, $158, $213, $201, $151, % 18.2% $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% $109, $157, $227, $271, $275, $218, % -1.7% $109, $158, $223, $290, $274, $221, % 1.7% $98, $160, $215, $268, $314, $218, % -1.8% $97, $161, $227, $271, $328, $222, % 2.0% $107, $173, $237, $275, $353, $230, % 3.6% $101, $161, $236, $282, $300, $227, % -1.2% 10 Year Average ( ) 54 $106, $160, $225, $273, $299, $220,881 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 $250,000 Total Number Sold Total # Sold** Avg. Selling Price $200,000 $150,000 $100,000 $50,000 Average Selling Price 0 $ Community Research Quarterly Winter

36 Housing NEW STRUCTURES BY UNIT ANNUAL REPORT New Construction City of City of North Balance of Year Built Fairbanks Pole Borough (ALL) SOURCE: Assessing Department, personal communications, NOTE: The by Structure count was replaced with a "by unit" count beginning February, Current data supersedes previous figures reported NEW STRUCTURES BY UNIT Number of New Structures by Unit City of North Pole City of Fairbanks Balance of Borough 0 25 Winter 2017 Community Research Quarterly

37 COST OF LIVING C2ER COST OF LIVING INDEX* For Selected Cities 2017 Annual Average Data City Composite Index Grocery Items Housing Utilities Transportation Health Care Misc. Goods & Services 100% 13.47% 28.15% 9.90% 8.99% 4.57% 34.92% West: Fairbanks, AK Anchorage, AK Kodiak, AK Juneau, AK Phoenix, AZ San Diego, CA Denver, CO Boise, ID Bozeman, MT Cedar City, UT 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 Madison, WI Northeast: New York, NY Philadelphia, PA Boston, MA Raleigh, NC Richmond, VA SOURCE: Council for Community and Economic Research (C2ER), Cost of Living Index, Comparative Data for 269 Urban Areas, 2017 Annual Average Data, January 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 Winter

38 Cost of Living C2ER COST OF LIVING INDEX For Selected Cities Annual Average National Average = CONSUMER PRICE INDEX-U FOR ALL ITEMS Anchorage & U.S. City Annual Average U.S. City Average Anchorage Seattle, WA San Diego, CA Fairbanks, AK Anchorage, AK Denver, CO Bozeman, MT Atlanta, GA Richmond, VA Springfield, MO Cedar City, UT Memphis, TN 27 Winter 2017 Community Research Quarterly

39 Cost of Living % Change Jan. - June Average % July - Dec. Average % Annual Average % % Change From Previous Year CONSUMER PRICE INDEX-U FOR ALL URBAN CONSUMERS* Anchorage, Alaska % 3.1% 1.6% 0.5% 0.4% 0.5% 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 * Consumer Price Index not available for the Fairbanks area. CONSUMER PRICE INDEX-U FOR ALL URBAN CONSUMERS, FOR ALL ITEMS U.S. City Average % Change January % February % March % April % May % June % July % August % September % October % November % December % Annual Average % % Change From Previous Year 2.1% 1.5% 1.6% 0.4% 1.5% 2.0% 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. 3rd Qtr federal government shutdown pushed back the release dates for data. Community Research Quarterly Winter

40 Cost of Living COST OF FOOD AT HOME FOR A WEEK Selected Alaskan Communities June 2017 Anchorage Cordova Delta Fairbanks Kenai Matsu Sitka Family of years $ $ $ $ $ $ $ years $ $ $ $ $ $ $ Family of 4 with: Children, 2-5 years $ $ $ $ $ $ $ Children, 6-11 years $ $ $ $ $ $ $ Individuals Children: 1 years $30.64 $45.04 $36.77 $28.10 $32.07 $28.99 $ years $33.48 $49.21 $40.18 $30.70 $35.04 $31.67 $ years $35.32 $51.92 $42.39 $32.39 $36.97 $33.42 $ years $44.97 $66.10 $53.97 $41.24 $47.07 $42.55 $ years $50.78 $74.65 $60.95 $46.57 $53.16 $48.05 $62.06 Males: years $54.61 $80.28 $65.55 $50.08 $57.16 $51.67 $ years $56.17 $82.57 $67.42 $51.51 $58.80 $53.15 $ years $60.43 $88.83 $72.53 $55.42 $63.25 $57.17 $ years $55.04 $80.91 $66.06 $50.47 $57.61 $52.07 $ years $55.46 $81.53 $66.57 $50.86 $58.06 $52.48 $67.78 Females: years $54.47 $80.07 $65.38 $49.95 $57.02 $51.54 $ years $53.48 $78.61 $64.18 $49.04 $55.98 $50.60 $ years $53.62 $78.82 $64.35 $49.17 $56.12 $50.73 $ years $53.05 $77.99 $63.67 $48.65 $55.53 $50.20 $ years $51.78 $76.11 $62.14 $47.48 $54.19 $48.99 $63.28 SOURCE: Alaska Cooperative Extension Service, UAF, "Cost of Food at Home for. a Week," June, NOTE: The data sets in this table are interpolated data. COST OF FOOD AT HOME FOR A WEEK FAMILY OF 4 Selected Alaskan Communities June 2017 Fairbanks Matsu Anchorage Kenai Delta Sitka Cordova $ $ $ $ $ $ $ $0 $50 $100 $150 $200 $250 $300 $ Winter 2017 Community Research Quarterly