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 $16.24 $33.54 $42.66 $57.79 $25.57 $31.00 $36.32 $41.10 $12.35 $18.45 $24.07 $29.41
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 $10,573 $21,145 $31,718 $0 $0 $0 $0 $0 $10,573 $21,145 $31,718
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 $10,296 $15,612 $15,612 $22,344 $11,844 $15,612 $15,612 $22,344 $10,296 $15,612 $15,612 $22,344
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 $29,067 $60,036 $76,357 $103,437 $45,773 $55,483 $65,009 $73,565 $44,225 $66,056 $86,154 $105,283
Annual taxes $4,712 $9,733 $12,379 $16,769 $7,420 $8,995 $10,539 $11,926 $7,170 $10,709 $13,967 $17,068
Required annual income before taxes $33,779 $69,769 $88,735 $120,206 $53,193 $64,478 $75,548 $85,491 $51,394 $76,765 $100,120 $122,351

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $100,131
Business & Financial Operations $79,020
Computer & Mathematical $90,907
Architecture & Engineering $95,294
Life, Physical, & Social Science $75,232
Community & Social Service $57,074
Legal $90,586
Education, Training, & Library $71,433
Arts, Design, Entertainment, Sports, & Media $49,434
Healthcare Practitioners & Technical $87,761
Healthcare Support $42,661
Protective Service $62,477
Food Preparation & Serving Related $27,777
Building & Grounds Cleaning & Maintenance $36,765
Personal Care & Service $34,871
Sales & Related $34,090
Office & Administrative Support $46,813
Farming, Fishing, & Forestry $32,464
Construction & Extraction $71,316
Installation, Maintenance, & Repair $70,331
Production $60,797
Transportation & Material Moving $50,654