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 $11.74 $25.08 $31.41 $41.14 $18.90 $23.94 $26.51 $31.06 $14.10 $8.92 $14.10 $17.06 $21.00
Poverty Wage $7.00 $9.00 $12.00 $14.00 $9.00 $12.00 $14.00 $17.00 $4.00 $6.00 $7.00 $8.00
Minimum Wage $9.75 $9.75 $9.75 $9.75 $9.75 $9.75 $9.75 $9.75 $9.75 $9.75 $9.75 $9.75

*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 $3,560 $5,390 $8,023 $10,601 $6,527 $8,260 $10,608 $12,889 $6,527 $8,260 $10,608 $12,889
Child Care $0 $7,801 $13,899 $19,997 $0 $0 $0 $0 $0 $7,801 $13,899 $19,997
Medical $2,238 $6,197 $5,911 $6,071 $5,286 $5,911 $6,071 $5,929 $5,286 $5,911 $6,071 $5,929
Housing $9,108 $14,760 $14,760 $21,516 $11,028 $14,760 $14,760 $21,516 $9,108 $14,760 $14,760 $21,516
Transportation $3,768 $7,155 $9,346 $10,196 $7,155 $9,346 $10,196 $10,231 $7,155 $9,346 $10,196 $10,231
Other $2,799 $4,565 $5,497 $6,845 $4,565 $5,497 $6,845 $6,235 $4,565 $5,497 $6,845 $6,235
Required annual income after taxes $21,473 $45,868 $57,436 $75,226 $34,561 $43,774 $48,480 $56,800 $32,641 $51,575 $62,379 $76,797
Annual taxes $2,950 $6,303 $7,892 $10,337 $4,749 $6,015 $6,661 $7,805 $4,485 $7,087 $8,571 $10,552
Required annual income before taxes $24,423 $52,170 $65,328 $85,563 $39,310 $49,789 $55,142 $64,604 $58,661 $37,126 $58,661 $70,951 $87,349

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $91,890
Business & Financial Operations $70,880
Computer & Mathematical $79,950
Architecture & Engineering $84,180
Life, Physical, & Social Science $62,440
Community & Social Service $53,010
Legal $86,810
Education, Training, & Library $73,550
Arts, Design, Entertainment, Sports, & Media $47,540
Healthcare Practitioners & Technical $78,380
Healthcare Support $36,570
Protective Service $46,240
Food Preparation & Serving Related $23,140
Building & Grounds Cleaning & Maintenance $29,570
Personal Care & Service $31,510
Sales & Related $28,660
Office & Administrative Support $41,360
Farming, Fishing, & Forestry $31,070
Construction & Extraction $62,750
Installation, Maintenance, & Repair $57,200
Production $51,870
Transportation & Material Moving $42,450