Identify, assess, and mitigate organizational risks including insurance and operational risks. Median salary in Fairbanks: $152K/year. Data from BLS, O*NET, and H-1B disclosures.
Figures represent annual base salary in Fairbanks, Alaska. Reviewed by SalaryOptics Editorial · How we calculate this →
Analysis derived from the salary, COL, tax, and labor-market figures above — specific to this role and city.
Risk Managers in Fairbanks earn approximately 38% higher than the US national median for this role — a $42,000 premium on annual base salary. This reflects Fairbanks's position as a higher-cost labor market where employers must match local wage norms.
Alaska has no state income tax, which is worth roughly $14,136 per year at this salary level compared to a California Risk Manager on the same gross pay. A Fairbanks Risk Manager would need to earn $167,585 in California to net the same take-home.
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $152K by 2030.
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The median Risk Manager salary in Fairbanks, AK is $152,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Fairbanks–AK metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.
Entry-level Risk Managers in Fairbanks with 0–2 years of experience typically earn between $113,000 and $152,000 annually. Mid-career professionals with 3–7 years command $152,000 to $200,000, while senior-level practitioners with 8+ years of experience regularly earn $200,000 to $259,000 or more.
Fairbanks has a cost of living index of 138 compared to the US national average of 100. Fairbanks's cost of living is above the US average, so the salary figures above reflect local market rates. Crucially, Alaska has no state income tax — giving Fairbanks-based Risk Managers an immediate 3–5% take-home pay advantage over workers in states like California (9.3%) or New York (6.85%).
Bachelor's in Finance or Risk Management; ARM designation. 50% of these roles offer some remote flexibility.