Living Wage Calculation for Fairbanks, 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 $12.89 $28.14 $33.61 $43.66 $19.98 $24.98 $27.58 $32.63 $9.48 $15.25 $18.17 $22.31
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 $10,476 $16,416 $16,416 $23,880 $12,348 $16,416 $16,416 $23,880 $10,476 $16,416 $16,416 $23,880
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 $23,530 $51,361 $61,357 $79,691 $36,472 $45,592 $50,345 $59,566 $34,600 $55,676 $66,334 $81,460
Annual taxes $3,282 $7,165 $8,559 $11,117 $5,088 $6,360 $7,023 $8,310 $4,827 $7,767 $9,254 $11,364
Required annual income before taxes $26,813 $58,525 $69,916 $90,808 $41,560 $51,952 $57,368 $67,876 $39,427 $63,443 $75,588 $92,824

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $92,955
Business & Financial Operations $73,872
Computer & Mathematical $77,987
Architecture & Engineering $88,974
Life, Physical, & Social Science $63,976
Community & Social Service $46,909
Legal $84,530
Education, Training, & Library $74,500
Arts, Design, Entertainment, Sports, & Media $47,835
Healthcare Practitioners & Technical $83,347
Healthcare Support $44,183
Protective Service $50,963
Food Preparation & Serving Related $25,882
Building & Grounds Cleaning & Maintenance $31,479
Personal Care & Service $33,804
Sales & Related $30,244
Office & Administrative Support $42,949
Farming, Fishing, & Forestry $38,309
Construction & Extraction $65,992
Installation, Maintenance, & Repair $62,618
Production $57,104
Transportation & Material Moving $43,679