Living Wage Calculation for Fairbanks, AK

The living wage shown is the hourly rate that an individual must earn to support their family, if they are the sole provider and are working full-time (2080 hours per year). All values are per adult in a family unless otherwise noted. The state minimum wage is the same for all individuals, regardless of how many dependents they may have. The poverty rate is typically quoted as gross annual income. We have converted it to an hourly wage for the sake of comparison.

For further detail, please reference the technical documentation here.

Hourly Wages 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (1 Working) 2 Adults (1 Working) 1 Child 2 Adults (1 Working) 2 Children 2 Adults (1 Working) 3 Children 2 Adults (1 Working Part Time) 1 Child* 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Living Wage $12.89 $28.14 $33.61 $43.66 $19.98 $24.98 $27.58 $32.63 $29.55 $9.48 $15.25 $18.17 $22.31
Poverty Wage $7.30 $9.89 $12.49 $15.09 $9.89 $12.49 $15.09 $17.68 $4.95 $6.25 $7.54 $8.84
Minimum Wage $9.84 $9.84 $9.84 $9.84 $9.84 $9.84 $9.84 $9.84 $9.84 $9.84 $9.84 $9.84

*Documentation for families with an adult working part-time is available separately, here.

Typical Expenses

These figures show the individual expenses that went into the living wage estimate. Their values vary by family size, composition, and the current location.

Annual Expenses 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (1 Working) 2 Adults (1 Working) 1 Child 2 Adults (1 Working) 2 Children 2 Adults (1 Working) 3 Children 2 Adults (1 Working Part Time) 1 Child* 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Food $3,573 $5,267 $7,929 $10,517 $6,551 $8,154 $10,529 $12,820 $6,551 $8,154 $10,529 $12,820
Child Care $0 $10,084 $15,989 $21,894 $0 $0 $0 $0 $0 $10,084 $15,989 $21,894
Medical $2,299 $6,980 $6,636 $6,719 $4,959 $6,636 $6,719 $6,438 $4,959 $6,636 $6,719 $6,438
Housing $10,476 $16,416 $16,416 $23,880 $12,348 $16,416 $16,416 $23,880 $10,476 $16,416 $16,416 $23,880
Transportation $4,206 $7,664 $9,011 $10,425 $7,664 $9,011 $10,425 $10,307 $7,664 $9,011 $10,425 $10,307
Other $2,976 $4,951 $5,375 $6,256 $4,951 $5,375 $6,256 $6,121 $4,951 $5,375 $6,256 $6,121
Required annual income after taxes $23,530 $51,361 $61,357 $79,691 $36,472 $45,592 $50,345 $59,566 $34,600 $55,676 $66,334 $81,460
Annual taxes $3,282 $7,165 $8,559 $11,117 $5,088 $6,360 $7,023 $8,310 $4,827 $7,767 $9,254 $11,364
Required annual income before taxes $26,813 $58,525 $69,916 $90,808 $41,560 $51,952 $57,368 $67,876 $61,466 $39,427 $63,443 $75,588 $92,824

Typical Annual Salaries

These are the typical annual salaries for various professions in this location.

Occupational Area Typical Annual Salary
Management $92,955
Business & Financial Operations $73,872
Computer & Mathematical $77,987
Architecture & Engineering $88,974
Life, Physical, & Social Science $63,976
Community & Social Service $46,909
Legal $84,530
Education, Training, & Library $74,500
Arts, Design, Entertainment, Sports, & Media $47,835
Healthcare Practitioners & Technical $83,347
Healthcare Support $44,183
Protective Service $50,963
Food Preparation & Serving Related $25,882
Building & Grounds Cleaning & Maintenance $31,479
Personal Care & Service $33,804
Sales & Related $30,244
Office & Administrative Support $42,949
Farming, Fishing, & Forestry $38,309
Construction & Extraction $65,992
Installation, Maintenance, & Repair $62,618
Production $57,104
Transportation & Material Moving $43,679