The oil and gas industry is the largest component of Alaska’s economy. Nearly 85 percent of the state budget is supplied by oil revenues. The fortunes of Alaska’s oil industry, and therefore many sectors of the economy, are dependent upon world oil prices.
Investment earnings on Alaskan mineral royalties are paid out to Alaska residents. It is an annual payment. The amount varies every year but in 2015, 637,014 residents got $2,072 each. Since 1988, the payment has been higher than $800.
Family and general practitioners hold spot No. 1, with an average salary of $235,600. About 460 people in the state have that job. After that come psychiatrists ($234,130), obstetricians and gynecologists ($221,480), dentists ($217,120) and internists ($215,070) to round out the top five.
Alaska has adequate numbers of qualified people to fill most jobs . A Caution: Exercise caution when you see books or ads that guarantee “big money jobs” in Alaska . Many simply offer names of companies and require you to find your own job .
State Profile: Largest Employers
|#||Employer||Number of Employees|
|1||Fort Wainwright Military Base||6,100|
|2||Uni Sea Inc||5,000|
|3||Ted Stevens Anchorage Intl||4,000|
The country’s 49th and 50th states did rank among the top 10 richest states with Alaska clocking in at number 7 and Hawaii at number 3. New Hampshire, another low-population state, also cracked the top ten list.
Northwest Arkansas has just announced that it will pay new residents $10,000 to move to an area that is known as one of the best places to live in America, thanks to its low cost of living, outdoor activities, world-class arts institutions and a per-capita income that’s 14% higher than the national average.
Cost of Living in Anchorage
|Milk (regular), (1 gallon )||3.87$|
|Loaf of Fresh White Bread (1 lb)||3.57$|
|Rice (white), (1 lb)||3.14$|
|Eggs (regular) (12)||3.08$|
Top 100 Jobs Relatively More Common in Alaska Than Elsewhere
|Rank||Job||Local Popularity Index|
|1||Zoologists and wildlife biologists||45.6|
|2||Geological and petroleum technicians||30.5|
|3||Airline pilots , copilots, and flight engineers||29.3|
|4||Material moving workers||20.2|
Can I get free land in Alaska ? The federal and state agencies in Alaska do not offer free land . The State of Alaska’s Department of Natural Resources however does have a Public Land Sale program and some other organizations in Alaska may occasionally offer land for sale to private citizens.
Alaska Average While ZipRecruiter is seeing salaries as high as $135,609 and as low as $20,441, the majority of Average salaries currently range between $49,357 (25th percentile) to $73,787 (75th percentile) with top earners (90th percentile) making $89,741 annually in Alaska .
Alaska Gets Six Months of 24-Hour Sunlight and Darkness Only the furthest north and south points have equal parts daylight and darkness throughout the year, and Alaska isn’t north enough to experience six months of either extreme. The 24-hour daylight and darkness still happen in Alaska , just less so.
The 4 Most Affordable Cities in Alaska Juneau . Only accessible by boat or plane, Alaska’s capital city is also the most affordable place to live in the entire state. Anchorage . More than 40 percent of Alaska’s entire population lives in Anchorage . Fairbanks . Badger (CDP)
Yes, believe it or not, Alaska will actually pay you to move there through its established Permanent Fund Dividend Program. This extra bit of cash every year helps Alaskans save for retirement, college and vacations. It’s a big reason why people move to and stay in Alaska for life.
A minimum of three months living expenses, and preferably six months or more, is recommended if you are moving to Alaska without a job. Based on the figures above for professionals, that comes to a minimum of $7,500.