What is minimum wage in Alaska?

The minimum wage shall be $10.34 per hour effective Jan. 1, 2021, calculated by multiplying all hours worked in the pay period by $10.34.


What is Alaska minimum wage 2022?

Oct. 20, 2022. No.

JUNEAU — The Alaska minimum wage will increase from $10.34 to $10.85 in 2023.

What state has the lowest minimum wage?

Which State Has the Lowest Minimum Wage? The two states with the lowest minimum wage are Georgia and Wyoming, both sitting at $5.15; however, employers in Georgia and Wyoming that are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.


How much does Alaska pay an hour?

Alaska Minimum Wage for 2022, 2023. Alaska's state minimum wage rate is $10.85 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.

Is it cheaper to live in Alaska?

The cost of living in Alaska is 28% higher than the national average. Housing is 28% higher than the national average, while utilities are 53% higher.


A.K x Shaq - Minimum Wage (Music Video)



Is Alaska a cheap state?

Unfortunately, Alaska is also known for being one of the most expensive states. As of January 2021, the cost of living in Alaska was 24.09% higher than the national average.

What state pays the most?

Massachusetts has the highest average salary in the country. New York, Washington, and California have a high cost of living and are home to a large number of Fortune 500 companies.

Who has the highest minimum wage in the United States?

Minimum wage laws vary from state to state, with some states tying their minimum wage to the cost of living while others have a set dollar amount. The highest minimum wage is in Washington D.C. at $16.10 per hour, followed by Washington at $14.49 and Massachusetts at $14.25.


What state has the highest paying minimum wage?

Excluding Washington, D.C.'s $15.20 hourly minimum wage, California has the highest in the country at $14 per hour. Washington and Massachusetts are close behind, with $13.69 per hour and $13.50 per hour, respectively.

What is overtime pay in Alaska?

In Alaska, overtime must be paid after eight hours of work in a day, as well as after 40 hours of work in a week. The overtime rate is one-and-a-half times the regular rate of pay. Overtime can be mandatory, but there are exceptions. For example, state statutes have established overtime limitations for nurses.

Can you live on minimum wage in Alaska?

In Juneau, it's 74 hours. Based on current estimated costs, the minimum wage would need to be above $18.08 per hour in order to be a living wage in Anchorage. No state's current minimum wage is at or above the statewide living wage.


Does Alaska pay time and a half?

If you work more than 8 hours in a single day and/or more than 40 hours in a single week, you must be paid time-and-one-half (1.5 times) your hourly or regular wage for those extra hours that you worked. Contact Wage and Hour office ((907) 269-4900) if you have questions.

Can you survive on minimum wage in USA?

The minimum wage in the United States is no longer a living wage. Even though many states are paying more than this amount, minimum-wage earners continue to struggle to make ends meet. At $7.25, the federal minimum wage hasn't kept up with the cost of living in more than half a century.

What President started minimum wage?

The federal minimum wage was signed into law by President Franklin Delano Roosevelt as part of the Fair Labor Standards Act of 1938, at the height of the Great Depression. Its stated purpose was to keep America's workers out of poverty and increase consumer purchasing power in order to stimulate the economy.


What is the financially best state to live in?

The five best states for your personal finances in 2022 are (No. 1 being best):
...
  • New Jersey.
  • Hawaii.
  • Connecticut.
  • Alaska.
  • Illinois.


Which states have $15 dollar minimum wage?

How many states have a $15 minimum wage? As of Jan. 1 2023, the answer is just three — Washington ($15.74), California ($15.50), and Massachusetts ($15).

How much is the average house in Alaska?

Housing doesn't come cheap in Alaska. The median sales price was $335,000 in October 2021, Redfin reported. That compares with $353,900, the median existing-home price for all housing types that month, according to the National Association of Realtors®.


Can you live comfortably in Alaska?

To live comfortably in Alaska, you'll need to earn more than $48,739 per year. According to the Bureau of Economic Analysis, Alaskans spend an average of $48,739 per year on personal consumption expenditures, including food, accommodation, recreational activities, and healthcare services.