Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $29,911 | $87,434 |
| Annual taxes | $4,849 | $14,174 |
| Required annual income before taxes | $34,760 | $101,608 |
How much does it cost to live in Fairbanks Alaska?
Fairbanks cost of living is 108.6
| COST OF LIVING | Fairbanks | Alaska |
|---|---|---|
| Housing | 106.7 | 134.3 |
| Median Home Cost | $241,900 | $293,400 |
| Utilities | 134.1 | 169.8 |
| Transportation | 75.1 | 98.2 |
What is a livable salary in Alaska?
Living Wage Calculation for Alaska
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.72 | $36.40 |
| Poverty Wage | $7.74 | $15.93 |
| Minimum Wage | $10.34 | $10.34 |
How much do you need to make an hour to live in Alaska?
The average salary in Alaska is $23.8 per hour.
If you want to live comfortably in Alaska, a wage of around $46,000 per year ($3,833 per month) should do it.
Is Fairbanks Alaska a good place to live?
Out of all Alaskan cities, living in Fairbanks ranks 3rd in the state for safety with a low crime rate and low unemployment rate. The crime in Fairbanks is normally related to the purchase of illegal drugs, and seldom due to violent crime. Job Market.
Is Fairbanks Alaska poor?
The poverty rate in Fairbanks is 11.9%. One out of every 8.4 residents of Fairbanks lives in poverty. How many people in Fairbanks, Alaska live in poverty? 3,518 of 29,515 Fairbanks residents reported income levels below the poverty line in the last year.
How much is a gallon of milk in Fairbanks Alaska?
Food prices
| Markets | Edit |
|---|---|
| Milk (regular), (1 gallon) | 4.78$ |
| Loaf of Fresh White Bread (1 lb) | 3.55$ |
| Rice (white), (1 lb) | 3.71$ |
| Eggs (regular) (12) | 3.28$ |
What is considered low income in Alaska?
To be eligible for a low income license, a person must meet the Alaska residency definition.
Resident Low Income Licenses.
| 2021 Poverty Guidelines for Alaska | |
|---|---|
| Persons in Family/Household | Family Gross Annual Income |
| 1 | $15,950 |
| 2 | $21,550 |
| 3 | $27,150 |
What is the cheapest city to live in Alaska?
Juneau. Only accessible by boat or plane, Alaska’s capital city is also the most affordable place to live in the entire state. A lot of Juneau’s economy comes from the state and federal jobs sector.
What is the highest paying job in Alaska?
Top 10 highest paying jobs in Alaska
- Cardiology physician.
- Vascular surgeon.
- Pediatrician. Average Salary: $216,413.
- Plastic surgeon. Average Salary: $213,281.
- Anesthesiologist. Average Salary: $198,385.
- Surgeon. Average Salary: $175,212.
- Dentist. Average Salary: $175,177.
- Internal medicine physician. Average Salary: $171,536.
Is living in Alaska cheap?
As far as rent goes, Alaska is ever so slightly cheaper than the U.S. as a whole. According to Apartment List’s 2019 report, the median rent for a studio and one bedroom apartment in Alaska is $17 and $21 cheaper than the national median, respectively. The state is mostly made up of homeowners, though.
How hard is living in Alaska?
The climate is harsh and the rigors of daily life can extol a heavy price. For some residents, the stress of Alaskan living boils over into violent encounters. According to statistics provided by the FBI and the United States Census Bureau, Alaska is second to only Tennessee as the nation’s most violent state.
Can you live comfortably in Alaska?
So yes, you can still support a family of four fairly comfortably on a single income, as long as you’re at or above Alaska’s median; and a single person or childless couple making the same amount of money can live quite comfortably in major cities like Anchorage or Fairbanks, which has slightly lower housing costs than
Can you just move to Alaska?
While it’s a common misconception that you can move there for free, you can get paid to live in Alaska. The Alaska Permanent Fund Dividend (PFD) takes the state’s oil wealth and shares an annual portion with all permanent residents (both children and adults).
Is Anchorage or Fairbanks better?
Overall Anchorage is the best choice when deciding where to start your trip. If you plan your visit for the Northern Lights, then Fairbanks is a better choice.
Where should I live in Fairbanks Alaska?
- College. Niche User: Fairbanks is a great location for anybody that wants to have immediate access to the Alaskan wilderness and be in proximity of a decent sized town.
- Ester.
- Fairbanks.
- Holy Rosary Academy.
- North Pole.
- Badger.
- Moose Creek.
- Pleasant Valley.
What is the percentage of black people in Fairbanks Alaska?
(8.2%)
The 5 largest ethnic groups in Fairbanks, AK are White (Non-Hispanic) (60.2%), American Indian & Alaska Native (Non-Hispanic) (8.39%), Black or African American (Non-Hispanic) (8.2%), Two+ (Non-Hispanic) (8.11%), and White (Hispanic) (6.81%).
What is the main industry in Fairbanks Alaska?
Income and Salaries for Fairbanks
| ECONOMY | Fairbanks, Alaska | United States |
|---|---|---|
| Agriculture, forestry, fishing, hunting | 0.5% | 1.3% |
| Mining, quarrying, oil and gas extraction | 1.5% | 0.6% |
| Construction | 5.4% | 6.2% |
| Manufacturing | 1.2% | 10.4% |
Is there a lot of poverty in Alaska?
Alaska – Poverty rate 2000-2020
In 2020, about 10.3 percent of Alaska’s population lived below the poverty line. This accounts for persons or families whose collective income in the proceeding 12 months was below the national poverty level of the United States.
Are groceries expensive in Alaska?
Because it is so remote, Alaska can be an expensive state to live in. According to the website PayScale, the overall cost of living in Anchorage, Alaska is 28 percent higher than the national average. For groceries specifically, Payscale said the cost is 26 percent higher than the average.
Why are groceries so high in Alaska?
In the clip, Emily explains that “Good are priced higher since they have to travel farther by plane or barge to get to rural areas.” “The cost of living in Alaska is 24% higher than the national average,” Emily writes in the clip. Since she posted the clip last week, it has been viewed more than 2.4 million times.
