I’ve heard it said that it’s possible to live and work for free in Alaska. You can get paid to live there, but sadly that is not true. The current query is “How Much”
One of the largest states in the union by area, Alaska is renowned for its breathtakingly gorgeous landscapes. Due to its size, it has the highest cost of living. The query, “Do you get paid to live in Alaska?” resulted.
To help the populace cope with the high expense of living, the state government distributes dividends from the state’s oil royalties.
According to statistics, the inhabitants of Alaska have received more than $21 billion (£15.7 billion) since 1982.
Out of the 736,239 applications received in 2018, 670,759 were accepted, and 639,247 recipients received compensation. The entire money distributed was over $1 billion, and the total dividend was $1,600.00.
Therefore, if you want to stay in Alaska permanently, you could begin receiving checks annually. You only need to create the criteria.
You can gain insight into what is expected of you and what you can expect by reading this page.
I advise you carefully read.
Let’s start by talking about Alaska and what living there is like.
When you think of Alaska, picturesque freshwater lakes, snow-capped mountain peaks, and clear air all come to mind. How about money, though? Does living in Alaska pay you? Yes. You will receive money if you decide to relocate to Alaska and establish permanent residency there. Yes, it is possible to be paid to live in Alaska.
Continue reading to find out how you can get paid to live in Alaska as well as other U.S. locations that will pay you to relocate there.
How Much Can You Get Paid to Live in Alaska?
Let’s start by providing a crucial clarification if you’re thinking about moving to Alaska: How much money do you make living there? The Alaska Permanent Fund will give each permanent resident of Alaska $1,100 in 2023 as compensation for relocating there.
The formula used to determine the dividend amount is established by Alaskan state legislation, and it fluctuates year.
The biggest sum paid to each Alaskan resident to date was $2,072 in 2015. The Permanent Fund Dividend page of the Alaska Permanent Fund Corporation (APFC) website includes a chart showing the dividend amount paid each year since 1980 as well as the formula for calculating PFDs.
Alaska is a state that is situated on the farthest point of the US West Coast. As one of the most well-liked tourist spots in the entire world, it is referred to as America’s last frontier.
The state features wonderful and stunning locations that everybody will adore. Alaska’s terrain typically draws a somewhat rugged, adventure-seeking populace due to its icy mountains, chilly temperatures, dense forests, and wide tundras.
Is Living in Alaska Expensive?
Although it varies greatly, Alaska’s cost of living is typically regarded as expensive. This is due to several fundamental elements:
- The cost of Rent
- Utility Cost
- Feeding Cost
The cost of Rent
Generally speaking, the amount of money required to live in Alaska mostly depends on the lifestyle option you select.
Numbeo.com estimates that renting an apartment in one of the biggest cities, like Anchorage, will cost you $1216 a month. In contrast, it costs $837 a month to rent a property in a small town like Kenai. You can see how important it is to consider where you want to reside.
Cost of Utility
In general, Alaskan utility costs are high, particularly in the winter. Even though certain cities and towns differ from others, the differences are not great.
Costs of Feeding
Every man needs food to survive. Therefore, one of the most fundamental needs that must be met is hunger.
In Alaska, people who live in rural areas typically spend more on food than people who live in urban areas.
This is due to the high expense of transporting food to rural areas, which is then passed on to the final customers. Additionally, the state’s environment makes it difficult to grow the majority of foods locally.
This is yet an additional expense that is location-based. Therefore, transportation will cost a lot of money if you don’t have a personal vehicle in Alaska. In general, gas is more expensive in Alaska than it is auto insurance.
Even in Anchorage, the biggest and most diverse city in Alaska, there is a severe lack of public transit.
Fewer Job Opportunities
Unemployed job seekers face several challenges in Alaska. Because the state is so small in population, jobs are few, though you also have less competition for employment. Also, the state caps weekly unemployment benefits at $370.
No matter how frugal you are or how well you budget, that is not enough money to sustain even a bare-bones lifestyle in Alaska.
Why do you get paid to live in Alaska?
The government of Alaska compensates its citizens because they should be able to afford the state’s high standard of living.
When compared to other states in the US, Alaska often has an exceptionally high cost of living rates.
Considering the costs of rent, utilities, food, transportation, and other expenses, living in Alaska may be very expensive.
How do people get paid to live in Alaska?
The government of state pays citizens with the Alaska Permanent Fund. These funds are the state’s oil royalties which are divided up evenly among citizens and paid out via an annual dividend to anyone living in Alaska even kids.
About Alaska Permanent Fund
In order to help Alaskans pay for the increased cost of living in the state, the Alaska Permanent Fund was formed in 1976.
Prior to the creation of APF, 164 parcels of state-owned property were sold at auction to an oil corporation in 1969 for $900 million.
This sparked a debate on where the funds ought to be spent. The governor, Keith Harvey Miller, then campaigned for it to be given to the state’s citizens directly, and many others agreed with him.
This notion was the driving force behind the creation of the Alaska Permanent Fund as we know it today.
How much do you get paid to live in Alaska?
According to the Alaska Department of Revenue, PFD amounts have ranged from $331 to $2,072 for each person since 1982. In 2015, the amount was $2,072 for each person or $8,288 for a family of four.
This implies that the amount for each individual is not constant. The state’s Permanent Fund Dividend (PFD) Program offers every one of Alaska’s permanent inhabitants (adults and children) a tiny share of the state’s oil wealth each year if you are still looking for solutions to the query “How much do you get paid to live in Alaska?”
Each person received $1,600 in 2018. Citizens currently receive up to $2,000 per year merely for residing there.
Who is qualify to get paid to live in Alaska this 2024
Although it may seem too good to be true, every permanent resident of Alaska is eligible to receive compensation, including children. However, the reality is that not everyone who applies will be compensated.
For instance, 670,759 persons applied in 2018, but only 629,820 of them were paid. This is as a result of them not fitting the requirements.
That is to say, you must fulfill certain requirements in order to qualify for the payout. Make sure you meet the conditions before considering migrating to Alaska in order to receive the dividend.
These are some of the requirements:
- You aren’t claiming residency in any other state or country
- If you were physically present in Alaska for 72 consecutive hours during 2023 or 2024.
- You must have plans of living in Alaska permanently.
- You will be disqualified if you are sentenced, convicted, or incarcerated for a felony during the year.
- Most importantly, you must live in Alaska for at least 180 days in the year. In other words, you must establish a full residency in the state. However, to achieve that you must show proof in any of the following:
- Moving household goods to Alaska and providing a shipping receipt
- Lease or rental agreement in the applicant’s name
- Home Purchase
- Moorage/boat harbor fees (if living in a vessel)
- Employment, such as a W2 or paystub
- Alaska driver’s license or ID
- Vehicle registration (vehicle or truck, not motorcycle or motorhome)
- State benefits that require residency like Senior Benefits or Alaska Housing.
Where Does This Money Come From?
The Alaska Permanent Fund, which was formed by a state constitutional amendment in 1976 in an effort to reinvest earnings from the Alaska pipeline back into the state, provides funding for people to live in Alaska.
The Fund is a stock, bond, private equity, real estate infrastructure, and an absolute return investment portfolio that aims to capitalize on and increase Alaska’s different oil and mineral income.
The state-owned Alaska Permanent Fund Corporation oversees and manages the Fund’s primary balance.
The Alaska State Legislature created the Permanent Fund Dividend (PFD) program in 1980 to distribute a percentage of the annual revenues from the Alaska Permanent Fund to each permanent Alaskan resident.
The Permanent Fund Dividend Division of the Alaska Department of Revenue oversees this program. The state views this payment as an investment in Alaska’s future and a perk for people and their families to stay put.
What’s the Catch? Requirements for Getting Paid to Live in Alaska
Are you hoping to relocate to Alaska for a year and earn an additional $1,000? Think again.
Living in Alaska for a living needs dedication. Your intention to live for the rest of your life as an Alaskan citizen is one of the crucial prerequisites to being eligible for the PFD program. The following eligibility requirements from the Permanent Fund Dividend Division must also be met each year if you want to live continuously in Alaska and wish to receive compensation for it:
- Be a resident of Alaska for the full calendar year (January 1 through December 31).
- Not claimed residency in or received benefits from any other state or country since December 31 of the preceding year.
- Not have been sentenced or incarcerated as the result of a felony conviction during the prior year; or have been incarcerated for a misdemeanor if convicted of a felony or at least two misdemeanors during the preceding ten years.
- Have lived in Alaska for at least 180 days of the year, except with an allowable absence listed in Alaska Statute AS 43.23.008.
- Have been physically present in Alaska for at least 72 consecutive hours at some point during the two years prior, and at least 30 full days within the previous five years
Everyone who meets these qualifications and resides permanently in Alaska, including children and newborns, is qualified to receive a dividend. During the first full year following birth, a child whose parents are residents of Alaska will begin to receive yearly dividends. Using dividends from 2017, a family of four might get $4,400!
Other U.S. Locations That Will Pay You to Live There
The only state that pays residents to reside there is Alaska, although numerous communities have begun to provide cash or living expenditure incentives to lure residents, particularly young people, and professionals. The following locations in the United States will pay you to reside there:
Program: Roll’n Hills Addition
Qualifications: Must build a single-family home within a set amount of time that complies with neighborhood requirements.
Source: Roll’n Hills Addition page on the Curtis, NE website
- Program: Challenge Detroit
- What you get:$36,000 fellowship to live and work in Detroit. Fellows work for a hosting company four days a week and volunteer for community service projects.
- Qualifications: Must live in Detroit for a minimum of one year. Preference is given to recent college graduates and young professionals
- Source: Michigan Live News
- Program: Free Home Site Program
- What you get: Free land to build your home
- Qualifications: Must begin construction on the site within 36 months of accepting the land and complete construction within 18 months of starting
- Source: City of Lincoln Center Housing Development Packet
- Program: Residential Home Construction Rebate
- What you get: Cash rebate of up to $12,000 for building a new home in Harmony
- Qualifications: Limited program; first-come, first-served basis
- Source: Harmony Building Rebate Application on the Harmony, MN website
New Haven, Conn.
- Program:RE: New Haven
- What you get:$10,000 toward a home purchase in New Haven; $30,000 toward home renovation; $40,000 toward college tuition
- Qualifications: Income must not exceed 120% of the U.S. median family income. Use the CPD Income Eligibility Calculator to see if you qualify.
- Source:RE: New Haven website
You can earn money while residing in a wilderness area. Permanent residents receive rewards from the Alaska Permanent Fund through the Alaska Department of Revenue simply for relocating there.
Each citizen receives a different amount of dividends each year, but in 2017 they all earned $1,100. Not just Alaska offers relocation incentives; many American communities will give you free land, money for home construction or remodeling, and other things in exchange for relocating to the area.