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 $12.16 $27.29 $32.28 $42.42 $19.34 $23.70 $26.71 $31.30 $18.83 $9.18 $14.60 $17.71 $21.61
Poverty Wage $7.24 $9.75 $12.27 $14.78 $9.75 $12.27 $14.78 $17.30 $4.88 $6.13 $7.39 $8.65
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 $3,564 $5,245 $7,893 $10,476 $6,533 $8,124 $10,487 $12,773 $6,533 $8,124 $10,487 $12,773
Child Care $0 $10,022 $15,891 $21,759 $0 $0 $0 $0 $0 $10,022 $15,891 $21,759
Medical $2,328 $6,842 $6,561 $6,618 $4,829 $6,561 $6,618 $6,288 $4,829 $6,561 $6,618 $6,288
Housing $9,648 $15,204 $15,204 $22,128 $11,436 $15,204 $15,204 $22,128 $9,648 $15,204 $15,204 $22,128
Transportation $3,860 $7,975 $8,373 $10,051 $7,975 $8,373 $10,051 $10,013 $7,975 $8,373 $10,051 $10,013
Other $2,803 $4,533 $4,999 $6,395 $4,533 $4,999 $6,395 $5,932 $4,533 $4,999 $6,395 $5,932
Required annual income after taxes $22,202 $49,821 $58,921 $77,427 $35,307 $43,261 $48,756 $57,134 $33,519 $53,283 $64,647 $78,893
Annual taxes $3,097 $6,950 $8,219 $10,801 $4,925 $6,035 $6,801 $7,970 $4,676 $7,433 $9,018 $11,006
Required annual income before taxes $25,300 $56,771 $67,140 $88,228 $40,232 $49,296 $55,557 $65,104 $58,752 $38,194 $60,716 $73,665 $89,898

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $92,927
Business & Financial Operations $72,457
Computer & Mathematical $75,512
Architecture & Engineering $87,966
Life, Physical, & Social Science $63,827
Community & Social Service $55,114
Legal $74,938
Education, Training, & Library $72,960
Arts, Design, Entertainment, Sports, & Media $49,426
Healthcare Practitioners & Technical $79,899
Healthcare Support $42,712
Protective Service $48,483
Food Preparation & Serving Related $24,621
Building & Grounds Cleaning & Maintenance $31,150
Personal Care & Service $32,216
Sales & Related $30,207
Office & Administrative Support $42,476
Farming, Fishing, & Forestry $35,168
Construction & Extraction $66,174
Installation, Maintenance, & Repair $60,649
Production $55,678
Transportation & Material Moving $44,188