Alaska Residents - How much do you get paid each year to live in Alaska?

Discussion in 'Off Topic' started by illusion88, Feb 1, 2006.

  1. illusion88

    illusion88 Lifer

    Joined:
    Oct 2, 2001
    Messages:
    13,165
    Likes Received:
    0
    I say that you get paid roughly $1000 and under, whereas my buddy says that you get paid something like $10,000 a year!

    So who is right?
     
  2. imported_Tick

    imported_Tick Diamond Member

    Joined:
    Feb 17, 2005
    Messages:
    4,685
    Likes Received:
    0
    Paid to live in Alaska? Huh?
     
  3. Ranger X

    Ranger X Lifer

    Joined:
    Mar 18, 2000
    Messages:
    11,218
    Likes Received:
    0
    I thought it was a one-time payment for moving to Alaska but I could be wrong.
     
  4. RCN

    RCN Platinum Member

    Joined:
    Dec 31, 2005
    Messages:
    2,134
    Likes Received:
    0
  5. chambersc

    chambersc Diamond Member

    Joined:
    Feb 11, 2005
    Messages:
    6,253
    Likes Received:
    0
    you get paid like $1200 every year. i believe in july.
     
  6. Caveman

    Caveman Platinum Member

    Joined:
    Nov 18, 1999
    Messages:
    2,263
    Likes Received:
    0
    Depends on the year as I understand it's based on oil production, etc...

    Varies between about $700-$1300/year
     
  7. Cooler

    Cooler Diamond Member

    Joined:
    Mar 31, 2005
    Messages:
    3,835
    Likes Received:
    0
    so what if you just own land there?
     
  8. FoBoT

    FoBoT No Lifer

    Joined:
    Apr 30, 2001
    Messages:
    63,089
    Likes Received:
    0
  9. Jittles

    Jittles Golden Member

    Joined:
    Apr 17, 2001
    Messages:
    1,341
    Likes Received:
    0
    Lowest I've been paid is about 800 bucks, highest was about 1950 during the economic boom. Most of the PFD money comes from stocks and funds, not directly from oil money. It also lags behind as it's based off the previous year.
     
  10. DVK916

    DVK916 Banned

    Joined:
    Dec 12, 2005
    Messages:
    2,765
    Likes Received:
    0

    Why does your profile say you live in California.
     
  11. EagleKeeper

    EagleKeeper Discussion Club Moderator<br>Elite Member
    Staff Member

    Joined:
    Oct 30, 2000
    Messages:
    42,600
    Likes Received:
    0
    Possibly because he no longer lives in AK.

    The checks come out in late summer/early fall; one per person that has been an AK resident for more than 1 year.

    (6 grand rugrats still in Kodiak)

     
  12. Xyclone

    Xyclone Lifer

    Joined:
    Aug 24, 2004
    Messages:
    10,308
    Likes Received:
    0
    I didn't know this, but I still wouldn't live there. :p
     
  13. EagleKeeper

    EagleKeeper Discussion Club Moderator<br>Elite Member
    Staff Member

    Joined:
    Oct 30, 2000
    Messages:
    42,600
    Likes Received:
    0
    Parts of Alaska have not much different climate than Seattle/San Francisco

     
  14. DVK916

    DVK916 Banned

    Joined:
    Dec 12, 2005
    Messages:
    2,765
    Likes Received:
    0

    He must be greatfull to be out of that frozen wasteland and in wonderful California. I am sure your counting the days until you can finally get your children and wife out of that frozen wasteland as well.
     
  15. Whoozyerdaddy

    Joined:
    Jun 27, 2005
    Messages:
    19,261
    Likes Received:
    0
    <--- Lives in Alaska

    To answer the OP's question: The pay out varies from year to year. It's based on a five year average of permement fund earnings. Last year was about $850. Checks in the past have been close to $2000. I think the lowest check I've ever received was about $400.

    Alaska had a windfall back in the 70's. Rather than blow it all on government projects we created the Permenent Fund.

    The PFD was established with oil money from the mid 1970's so the general perception is that it is an oil fund. It has since matured to where the fund itself is mostly stocks, bonds and real estate. Think of it as a $33 billion hedge fund. The price of oil has little bearing on the value of the PFD and, in fact, almost no oil lease revenue is added to the fund anymore. It is a self sustaining growth fund.

    Alaska considers itself to be an "ownership state". If you hark back to the quaint old days when the concept of government was that of a true citizen government OF the people, BY the people and FOR the people you'll have a concept of how the fund works. The idea is that since the people are the government, when the government (re: the people) makes money it should divided up amongst the citizenry. So every year a portion of the earnings is paid out to the people. Another chunk is reinvested into the fund and the rest goes to the state government as part of the budget. No state income tax FTW!!!

    Edit: The people who choose to receive their checks via direct deposit get them the 2nd week in October. The hard checks start mailing the last week in October.
     
  16. DVK916

    DVK916 Banned

    Joined:
    Dec 12, 2005
    Messages:
    2,765
    Likes Received:
    0
    Yes, but who would want to live in a frozen wasteland.
     
  17. IAteYourMother

    Joined:
    Nov 3, 2004
    Messages:
    10,467
    Likes Received:
    1
    1k per person?? So if I had 10 kids and a wife, then we'd get 12k a year?
     
  18. Whoozyerdaddy

    Joined:
    Jun 27, 2005
    Messages:
    19,261
    Likes Received:
    0
    It's amazing that when someone talks of living up here Alaska is a "frozen wasteland". But when we say we want to drill in ANWR it magically turns into a "pristine wilderness". /rant

    Nobody lives in Ak for $1000 check every year.

    As for it being a frozen wasteland... I posted a thread last week about it being fifty below. This summer I'll post another one about it being 90 above and sunny at midnight. I'm here for the summers. When I've had enough of winter I hop a five hour flight to Maui. :D
     
  19. Whoozyerdaddy

    Joined:
    Jun 27, 2005
    Messages:
    19,261
    Likes Received:
    0
    Yup. And if you had 10 kids that would be your gorcery bill for a month. :p
     
  20. IAteYourMother

    Joined:
    Nov 3, 2004
    Messages:
    10,467
    Likes Received:
    1
    hmm... adopting children ftw?
     
  21. Whoozyerdaddy

    Joined:
    Jun 27, 2005
    Messages:
    19,261
    Likes Received:
    0
    Like I said before... Nobody lives up here for the check. Do the math. A kid costs what... $300,000 to raise? 18 PFD checks (one per year till they leave the nest... and that's assuming you're a selfish bastard and YOU keep the money instead of letting them keep it) totaling $18k isn't even a dent in that. Makes a nice college fund though if properly invested. ;)

    The PFD is an oddity to the rest of the US. But it's not a lot of money and it's not as big a deal as it's often made out to be.
     
  22. DVK916

    DVK916 Banned

    Joined:
    Dec 12, 2005
    Messages:
    2,765
    Likes Received:
    0
    People live in Alaska because they have too. No one really wants to live there.
     
  23. Whoozyerdaddy

    Joined:
    Jun 27, 2005
    Messages:
    19,261
    Likes Received:
    0
    Explain? Alaska isn't a penal colony. We do have a choice y'know.
     
  24. DVK916

    DVK916 Banned

    Joined:
    Dec 12, 2005
    Messages:
    2,765
    Likes Received:
    0
    People live in Alaska for work releated reason.
     
  25. UncleWai

    UncleWai Diamond Member

    Joined:
    Oct 23, 2001
    Messages:
    5,548
    Likes Received:
    4
    All the extra shipping cost to ship to alaska on online orders is not worth it.