$10.19.
Living Wage Calculation for Anchorage Municipality, Alaska
| 1 ADULT | ||
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $15.27 | $37.64 |
| Poverty Wage | $7.67 | $13.05 |
| Minimum Wage | $10.19 | $10.19 |
Contents
What is Alaska’s minimum wage 2021?
$10.34
JUNEAU, Alaska — The Alaska minimum wage will increase from $10.19 to $10.34 effective Jan. 1, 2021. Voters passed a ballot initiative in 2014 to adjust the minimum wage annually for inflation. Alaska Statute 23.10.
What is the minimum wage in Anchorage Alaska 2020?
$10.19
What is the minimum wage in Alaska? Alaska is one of 29 states with a minimum wage above the federal minimum wage of $7.25. The minimum wage in Alaska was $10.19 throughout 2020 and will increase to $10.34 on January 1, 2021.
What is the average salary in Anchorage Alaska?
Income and Salaries for Anchorage
– The average income of a Anchorage resident is $36,508 a year. The US average is $28,555 a year. – The Median household income of a Anchorage resident is $78,121 a year. The US average is $53,482 a year.
What is a good living wage in Alaska?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Required annual income after taxes | $26,962 | $41,840 |
| Annual taxes | $4,371 | $6,783 |
| Required annual income before taxes | $31,333 | $48,623 |
Why is Alaska minimum wage so low?
The reason behind the small increases to Alaska’s minimum wage each year is because they adjust their minimum wage (Alaska law) based on inflation using the Consumer Price Index (CPI). Voters passed a ballot initiative in 2014, which requires the minimum wage to be adjusted annually for inflation.
How much is the hourly wage in Alaska?
$7.15 / hour
Alaska’s state minimum wage rate is $10.34 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.
Is it expensive to live in Alaska?
Alaska is one of the most expensive states to live in. Most of its cities and towns consistently have a cost of living that is more expensive than the national average.There are cities in Alaska that are affordable and still provide the lifestyle you crave.
Do you get paid to live in Alaska?
Alaska runs a program called the Alaska Permanent Fund, which, per the state website, allots an equal amount of the state’s oil royalties to every resident through an annual dividend. In 2018, that dividend came out to $1,600 per person.
How much does the state pay you to live in Alaska?
Currently, citizens gets up to $2,000 a year just for living there. The state’s Permanent Fund Dividend (PFD) Program provides all of Alaska’s permanent residents (both children and adults) a small portion of the state’s oil wealth annually.
Is living in Anchorage expensive?
Anchorage has a cost of living rating of 123.5, meaning that living here is about 23.5% more expensive than the national average, and Anchorage residents will pay about $123.50 for every $100 the average US city resident pays. There are a lot of factors that go into the cost of living in a particular city.
What is the unemployment rate in Anchorage Alaska?
| U.S., Alaska, and Borough and Census Areas (Not Seasonally Adjusted) | |
|---|---|
| Area | Unemployment Rate |
| Aleutians West Census Area | 2.6 |
| Anchorage, Municipality of | 4.8 |
| Bethel Census Area | 11.0 |
What is the cost of living in Anchorage Alaska?
Anchorage cost of living is 123.5
| COST OF LIVING | Anchorage | Alaska |
|---|---|---|
| Grocery | 122.3 | 141.7 |
| Health | 111.8 | 113 |
| Housing | 144.6 | 134.3 |
| Median Home Cost | $341,100 | $293,400 |
How much is a gallon of milk in Alaska?
Got milk? For many milk is a grocery staple. However, depending upon where you live, the cost can fluctuate dramatically. According to the USDA, the average gallon of whole milk is $3.59 a gallon.
Average Price Of Milk In Every State.
| State | Cost |
|---|---|
| Alaska | $3.78 |
| Arizona | $1.98 |
| Arkansas | $2.99 |
| California | $2.69 |
Is it worth it to move to Alaska?
Alaska has some of the best hunting and fishing anywhere in the world. If hunting and fishing are two of your favorite pastimes, you’ve come to the right place. Alaska offers some of the most unique hunting and fishing opportunities in the world.There’s plenty of fishing experiences to be had in Alaska as well.
How much do you need to live comfortably in Anchorage Alaska?
Generally, it’s essential to take home at least three times the cost of your monthly rent to live comfortably. As the median rent cost of a one-bedroom apartment in Anchorage is $1,095, the average resident would need to take home $3,285 before taxes to live comfortably in Alaska. That translates to $39,420 yearly.
What is Alaska’s minimum wage in 2022?
$10.34
The Alaska minimum wage will remain unchanged at $10.34 in 2022, the Department of Labor and Workforce Development announced Tuesday.
Where are the most jobs in Alaska?
Anchorage
Anchorage: Alaska’s largest city, with a population of 300,549 on the shores of Cook Inlet, is the hub of the Anchorage/Matanuska-Susitna region in South central Alaska. Anchorage has the most job openings and a relatively reasonable cost of living.
Who has the highest minimum wage in the US?
Washington tops the list of states with the highest minimum wage while 15 states tie for last in terms of the lowest — $7.25, which is the federal minimum wage, according to the U.S. Department of Labor.
How many hours is full time in Alaska?
30 hours
Employment Status
Permanent Full-time: Work 37:30 hours per week. For health insurance and retirement benefits purposes only, 30 hours is considered full-time. Supervisory (SU) and Labor, Trades and Crafts (LTC) employees are regularly scheduled to work 40 hours per week.
Does Alaska pay double time?
Overtime Regulations
Alaska requires daily overtime pay. An employee is entitled to 1 ½ times their regular rate of pay for all hours worked over 8 per day or 40 per week.
