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 $14.79 $31.08 $39.23 $52.36 $23.49 $28.41 $31.96 $36.29 $11.26 $16.95 $21.47 $26.39
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 $9,835 $19,670 $29,505 $0 $0 $0 $0 $0 $9,835 $19,670 $29,505
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 $10,356 $15,900 $15,900 $22,932 $12,072 $15,900 $15,900 $22,932 $10,356 $15,900 $15,900 $22,932
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 $26,468 $55,622 $70,222 $93,723 $42,035 $50,848 $57,199 $64,960 $40,319 $60,683 $76,869 $94,465
Annual taxes $4,291 $9,017 $11,384 $15,194 $6,815 $8,243 $9,273 $10,531 $6,536 $9,838 $12,462 $15,314
Required annual income before taxes $30,759 $64,640 $81,606 $108,917 $48,850 $59,091 $66,472 $75,491 $46,855 $70,520 $89,331 $109,779

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $94,857
Business & Financial Operations $73,271
Computer & Mathematical $85,967
Architecture & Engineering $85,465
Life, Physical, & Social Science $74,693
Community & Social Service $49,597
Legal $86,755
Education, Training, & Library $65,802
Arts, Design, Entertainment, Sports, & Media $45,035
Healthcare Practitioners & Technical $84,811
Healthcare Support $40,196
Protective Service $57,209
Food Preparation & Serving Related $26,661
Building & Grounds Cleaning & Maintenance $32,584
Personal Care & Service $31,295
Sales & Related $30,917
Office & Administrative Support $43,664
Farming, Fishing, & Forestry $30,313
Construction & Extraction $67,746
Installation, Maintenance, & Repair $65,721
Production $55,480
Transportation & Material Moving $46,099