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In a report compiled by the government of Alaska, the real GDP of Alaska was $51.1 billion in 2011, $52.9 billion in 2012 and $51.5 billion in 2013.The drop-off that occurred between 2012 and 2013 has been attributed to the decline in the mining sector, specifically the oil and gas sectors, a consequence of declined production.
Fairbanks is home to the University of Alaska Fairbanks, the founding campus of the University of Alaska system, established in 1917. Fairbanks International Airport is located three miles (4.8 km) southwest of the central business district of the city; Fairbanks is the smallest city in the United States with regularly scheduled non-stop ...
Alaska has the seventh-highest per capita income in the United States, at $30,651 (2014). Its personal per capita income is $33,568 (2003), the twelfth-highest in the country. Its median household income is $69,825 (2014), ranked second in the country, and its median family income is $82,870 (2014), the fifth-highest in the country.
The Senior Citizens League estimated that the Social Security cost-of-living adjustment for 2025 could be 2.4%. The 2025 Social Security cost-of-living increase will be far smaller than this year ...
Hughes has bought a house in Ohio and he’s wondering how long he can remain in Nunapitchuk, the southwest Alaska village with a population of 525 he has come to love.
Federal government employees, particularly United States Postal Service (USPS) workers and active-duty military members, receive a Cost of Living Allowance usually set at 25% of base pay because, while the cost of living has gone down, it is still one of the highest in the country. [137]
Visualisation of Numbeo's 2023 cost of living index by country. The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain ...
Cost of living during this period was well above the national average due to transportation costs, as well as gouging. Prostitution and bars flourished — as did churches and religious communes. In the late 1970s and early 1980s, the Tanana Valley was designated as a potential agricultural area for Alaska. The state of Alaska then made large ...