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 $14.93 $29.65 $36.98 $49.02 $23.03 $27.81 $31.36 $35.44 $11.33 $16.24 $20.35 $24.72
Poverty Wage $7.67 $10.36 $13.05 $15.75 $10.36 $13.05 $15.75 $18.44 $5.18 $6.53 $7.87 $9.22
Minimum Wage $10.19 $10.19 $10.19 $10.19 $10.19 $10.19 $10.19 $10.19 $10.19 $10.19 $10.19 $10.19

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 $3,792 $5,574 $8,343 $11,093 $6,952 $8,639 $11,106 $13,540 $6,952 $8,639 $11,106 $13,540
Child Care $0 $8,353 $16,706 $25,059 $0 $0 $0 $0 $0 $8,353 $16,706 $25,059
Medical $2,814 $6,884 $6,572 $6,712 $5,582 $6,572 $6,712 $6,365 $5,582 $6,572 $6,712 $6,365
Housing $10,605 $14,830 $14,830 $21,398 $11,261 $14,830 $14,830 $21,398 $10,605 $14,830 $14,830 $21,398
Transportation $4,900 $8,987 $11,186 $13,317 $8,987 $11,186 $13,317 $12,085 $8,987 $11,186 $13,317 $12,085
Civic $1,811 $3,889 $3,554 $4,127 $3,889 $3,554 $4,127 $3,982 $3,889 $3,554 $4,127 $3,982
Other $2,794 $4,553 $4,996 $6,037 $4,553 $4,996 $6,037 $6,055 $4,553 $4,996 $6,037 $6,055
Required annual income after taxes $26,717 $53,070 $66,187 $87,742 $41,224 $49,777 $56,129 $63,425 $40,568 $58,130 $72,834 $88,484
Annual taxes $4,331 $8,603 $10,730 $14,224 $6,683 $8,070 $9,099 $10,282 $6,577 $9,424 $11,808 $14,345
Required annual income before taxes $31,048 $61,673 $76,917 $101,967 $47,907 $57,847 $65,228 $73,708 $47,145 $67,554 $84,642 $102,829

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $102,274
Business & Financial Operations $72,913
Computer & Mathematical $78,959
Architecture & Engineering $97,998
Life, Physical, & Social Science $77,465
Community & Social Service $52,902
Legal $84,023
Education, Training, & Library $59,255
Arts, Design, Entertainment, Sports, & Media $49,710
Healthcare Practitioners & Technical $87,194
Healthcare Support $37,894
Protective Service $58,549
Food Preparation & Serving Related $25,760
Building & Grounds Cleaning & Maintenance $33,085
Personal Care & Service $28,676
Sales & Related $32,881
Office & Administrative Support $44,196
Farming, Fishing, & Forestry $34,814
Construction & Extraction $66,631
Installation, Maintenance, & Repair $60,749
Production $45,434
Transportation & Material Moving $44,738