I was told you get paid to live in Alaska is this right? Why and how much?

Question

I was told you get paid to live in Alaska is this right? Why and how much?

Answer 1

Oh jeez. If you don't know, don't answer. Anyway,



Residents of Alaska who have been here for an entire calender year (excepting generous allowances for travel, military service, college, peace corps, or political office) or who were born during the previous year get a "Permanent Fund Dividend" (PFD) the following October.



The PFD last October was $845. It peaked at about $1500 6 years ago when the stock market was doing so well. Half the earnings on a $25 billion fund get split among eligible residents but there is a 5-year running average so the up and downs are smoothed out.



Everyone is eligible unless you cheated on it in the past. Men, women, children. Employed, unemployed, etc. Just for taking up space. So a family of 6 got checks totalling $5,070 last October. And will do so again this year.



Parents ought to put the kids' check in a college or rainy-day fund for the kids, IMO, but they don't have to. They can buy a new 4 wheeler or a downpayment on a truck or a mess of new guns. As one might imagine, it creates quite a retail feeding frenzy up here.



Any politician who votes to tap even the earnings of the fund for some funding need like schools or police never gets re-elected. It is a VERY popular benefit in a state with no income tax nor state sales tax.

Answer 2

Used to. Sort of. There used to be a "Homesteading Law" where if you made a homestead and stayed 5 years you got to keep it. Not exactly pay, but it has value. I don't think that program is still in effect.

Depending on your treaty, if you're from a Native American tribe, you might get paid to live there.

Otherwise.....I think you're out of luck.

Answer 3

You get an annual stipend from the oil drilling up there. My old roomate was from Kodiak Island and he got like $2000-$2500 a year if I remember right. Cost of living is higher though.

Answer 4

Who told you this? You need to explain your question a bit further.

Answer 5

I don't know the amount but it is a kick back for the pipeline

Answer 6

Used to. Not anymore.

Answer 7

what u do?



and depends