Living Wage Calculation for Anchorage, AK

The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The assumption is the sole provider is working full-time (2080 hours per year). The tool provides information for individuals, and households with one or two working adults and zero to three children. In the case of households with two working adults, all values are per working adult, single or in a family unless otherwise noted.

The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2019). The poverty rate reflects a person's 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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Living Wage $16.11 $31.76 $39.98 $53.84 $24.90 $30.10 $35.42 $39.82 $12.29 $17.56 $22.73 $27.43
Poverty Wage $7.74 $10.47 $13.20 $15.93 $10.47 $13.20 $15.93 $18.66 $5.23 $6.60 $7.96 $9.33
Minimum Wage $10.34 $10.34 $10.34 $10.34 $10.34 $10.34 $10.34 $10.34 $10.34 $10.34 $10.34 $10.34

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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Food $3,999 $5,893 $8,853 $11,742 $7,332 $9,124 $11,764 $14,321 $7,332 $9,124 $11,764 $14,321
Child Care $0 $8,979 $17,959 $26,938 $0 $0 $0 $0 $0 $8,979 $17,959 $26,938
Medical $2,382 $7,849 $7,635 $7,945 $6,487 $7,635 $7,945 $7,734 $6,487 $7,635 $7,945 $7,734
Housing $10,068 $14,006 $14,006 $20,045 $10,633 $14,006 $14,006 $20,045 $10,068 $14,006 $14,006 $20,045
Transportation $4,938 $8,762 $11,391 $13,456 $8,762 $11,391 $13,456 $14,613 $8,762 $11,391 $13,456 $14,613
Civic $2,581 $4,144 $5,120 $6,686 $4,144 $5,120 $6,686 $5,314 $4,144 $5,120 $6,686 $5,314
Other $4,748 $7,080 $6,477 $9,424 $7,080 $6,477 $9,424 $9,115 $7,080 $6,477 $9,424 $9,115
Required annual income after taxes $28,838 $56,837 $71,564 $96,359 $44,562 $53,877 $63,403 $71,266 $43,996 $62,857 $81,361 $98,204
Annual taxes $4,675 $9,214 $11,602 $15,621 $7,224 $8,734 $10,279 $11,553 $7,132 $10,190 $13,190 $15,920
Required annual income before taxes $33,514 $66,051 $83,166 $111,980 $51,786 $62,612 $73,681 $82,819 $51,129 $73,047 $94,551 $114,125

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $109,311
Business & Financial Operations $78,046
Computer & Mathematical $85,365
Architecture & Engineering $102,688
Life, Physical, & Social Science $83,011
Community & Social Service $55,661
Legal $88,585
Education, Training, & Library $65,249
Arts, Design, Entertainment, Sports, & Media $51,788
Healthcare Practitioners & Technical $94,149
Healthcare Support $40,318
Protective Service $59,011
Food Preparation & Serving Related $27,574
Building & Grounds Cleaning & Maintenance $37,332
Personal Care & Service $31,479
Sales & Related $36,166
Office & Administrative Support $47,508
Farming, Fishing, & Forestry $52,302
Construction & Extraction $69,850
Installation, Maintenance, & Repair $64,735
Production $50,087
Transportation & Material Moving $47,604