A livable wage in Alaska is the estimated hourly rate an individual needs to earn to cover their basic expenses and maintain a decent standard of living without relying on public or private assistance. This amount varies considerably depending on factors such as location within the state and household composition. For a single adult, the estimated hourly living wage in key Alaskan boroughs ranges from approximately $19.16 to $19.65.
Estimated Livable Wages for a Single Adult in Key Alaskan Boroughs
The following table provides a detailed breakdown of estimated annual expenses and the corresponding hourly living wage required for a single adult in several prominent Alaskan areas:
| Area | Single Adult Annual Expenses | Living Wage for Single Adult |
|---|---|---|
| Fairbanks North Star Borough | $50,401 | $19.63 |
| Juneau City and Borough | $50,460 | $19.65 |
| Kenai Peninsula Borough | $50,185 | $19.54 |
| Matanuska-Susitna Borough | $49,205 | $19.16 |
These figures highlight the cost of living variations across different regions of Alaska. For instance, Juneau, the state capital, has a slightly higher living wage requirement compared to the Matanuska-Susitna Borough, reflecting differences in housing, transportation, and other essential costs. A livable wage accounts for common expenditures such as:
- Housing
- Food
- Transportation
- Healthcare
- Child care (if applicable)
- Other necessities
Understanding these figures is crucial for individuals planning to live or work in Alaska, as well as for policymakers evaluating economic conditions and minimum wage policies within the state.
