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 $12.91 $27.56 $33.03 $42.81 $19.69 $24.40 $27.00 $31.79 $9.49 $14.96 $17.88 $21.89
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

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 $3,573 $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 $10,520 $15,357 $15,357 $22,340 $11,812 $15,357 $15,357 $22,340 $10,520 $15,357 $15,357 $22,340
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 $23,574 $50,302 $60,298 $78,151 $35,937 $44,533 $49,286 $58,027 $34,644 $54,617 $65,275 $79,921
Annual taxes $3,289 $7,017 $8,412 $10,902 $5,013 $6,212 $6,875 $8,095 $4,833 $7,619 $9,106 $11,149
Required annual income before taxes $26,863 $57,319 $68,710 $89,053 $40,950 $50,746 $56,162 $66,121 $39,477 $62,237 $74,381 $91,070

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $104,476
Business & Financial Operations $75,333
Computer & Mathematical $81,546
Architecture & Engineering $98,561
Life, Physical, & Social Science $79,849
Community & Social Service $52,485
Legal $88,963
Education, Training, & Library $67,031
Arts, Design, Entertainment, Sports, & Media $49,821
Healthcare Practitioners & Technical $83,449
Healthcare Support $41,591
Protective Service $58,215
Food Preparation & Serving Related $24,946
Building & Grounds Cleaning & Maintenance $32,261
Personal Care & Service $30,687
Sales & Related $30,933
Office & Administrative Support $41,930
Farming, Fishing, & Forestry $23,948
Construction & Extraction $67,443
Installation, Maintenance, & Repair $62,752
Production $41,766
Transportation & Material Moving $46,179