How to Get Paid to Live in Alaska | Best Tips for 2024

how to Get Paid to Live in Alaska

If you’re considering relocating to another state or city, it’s worth exploring states in the United States that offer incentives for new residents.

Some states have programs designed to attract people by offering reduced real estate prices or even free homes.

Alaska, for example, is known for its program that pays residents to live there, making it an appealing option for full-time remote workers and nature enthusiasts.

To learn more about how to take advantage of these opportunities and get paid to live in Alaska, consider exploring the specific steps and tips available for potential residents.

Can You Get Paid to Live in Alaska?

Moving to Alaska and becoming a resident allows individuals to apply for dividends from the Alaska Permanent Fund. This fund, a sovereign wealth fund, invests in various assets including local stocks, global stocks, U.S. bonds, real estate, and private equity. Alaska residents are eligible to receive annual dividends known as the Permanent Fund Dividend (PFD). To qualify for these dividends, individuals must reside in the state for one calendar year and have the intention to continue living there permanently. This program provides a unique opportunity for Alaskan residents to benefit from the state’s natural resource wealth.

How Much Can One Make by Living in Alaska?

The dividend amount received by individuals is contingent on the investment returns for the year.

In 2022, the dividend stood at $3,284.00 per person, marking one of the highest payouts after adjusting for inflation.

This demonstrated a substantial increase compared to the $1,114 dividend in 2021 and the $992 dividend in 2020.

The significant rise in the 2022 dividend reflects favorable investment returns, potentially indicating a strong financial performance for the year.

This increase may have positively impacted individuals who received the dividend, providing them with a higher return on their investments.

To determine the dividends, the state will divide the distribution amount from the Permanent Fund’s account by the total number of applicants.

While the payments may not be substantial enough to serve as a primary income source, applying for the PFD can be considered as one of the side hustle ideas to explore for additional annual earnings.

What You’ll Need to Get Paid to Live in Alaska

Before you get paid to live in Alaska, ensure you have the following requirements to process your application:

  • Application Form: You can get the form and apply online or offline.
  • Proof of Intention to Live in Alaska: Applicants must present evidence of their residency in the state. These documents include a lease or rental agreement, mortgage statement, proof of employment, or an Alaska driver’s license.
  • Other Identifying Documents: Prepare other essential documents, such as your original birth certificate, passport, naturalization certificate, or other identification that the PFD Division may request after receiving your application.

Where to Get Paid to Live in Alaska

Get Paid to Live in Alaska - Juneau

Earning money to reside in Alaska is a passive income opportunity that is well-suited for people, families, or qualified remote workers seeking additional perks while settling in a different location.

But which cities should you go to? Here are two cities in Alaska you can check out:

1. Juneau

Juneau, Alaska’s capital city. is a consolidated city borough that sits at the Gastineau Channel and the Alaskan panhandle.

It’s also the second-largest city in the U.S. and has one of the largest wilderness areas in the country.

How Much You Can Make

According to MakeMyMove, new residents will receive $1,000 per year. However, the numbers are estimates as the PFD calculates payouts based on the year’s investment returns.

What Makes This Option Great

Juneau boasts exciting adventures on land, air, and sea, such as flying over glaciers and watching whales.

The city also has various free outdoor recreation, including exploring wildlife, bear watching, and fishing.

Also, Juneau becomes a playground for winter sports, as you can experience snowboarding and Nordic skiing on its snow-covered slopes.

  • Fees/Commission: None
  • Payment Methods: Check or Direct Deposit

2. Ketchikan

Ketchikan is located at the southernmost entrance of the Inside Passage, a series of waterways along the southern coast of Alaska. This passage is a popular route for cruises due to its stunning natural beauty.

Potential residents of Ketchikan can receive up to $2,000 annually, along with three months of free home Internet access, through an exclusive offer from MakeMyMove. However, it’s important to note that the actual amount received depends on the investment performance of the PFD.

What makes this opportunity appealing is Ketchikan’s reputation for its salmon and picturesque surroundings. The city proudly displays the rich culture of Alaska Natives through its numerous totem poles. Additionally, nature enthusiasts can enjoy observing a variety of wildlife, including bald eagles, black bears, and wolves.

In summary, Ketchikan is an ideal location for individuals, families, and remote workers who appreciate living in a culturally rich and visually stunning environment.

How to Get Paid to Live In Alaska: Step-By-Step Instructions

How to Get Paid to Live In Alaska

Follow these four steps to get paid to live in Alaska.

Step 1: Check and Meet Requirements

Alaska residents must meet the following eligibility requirements to apply for the PFD:

  • Must be an Alaska resident for one calendar year
  • Must have the intention to be a resident indefinitely
  • Must not have claimed residency in another state or country
  • Must not have a criminal record
  • Must not be absent from Alaska for over 180 days unless given an allowable absence due to military service or college leave

Step 2: Provide Proof of Intention to Live in Alaska

Part of the requirements is proof of your intention to live in the state. 

Some of the acceptable proofs include:

  • Moving truck rental receipt
  • Alaska driver’s license
  • Employment proof
  • Vehicle registration
  • Voter registration

Meanwhile, some unacceptable proofs include:

  • Employer paid moving expenses and housing
  • Bank statements, utility bills, and mail with a home address
  • Unemployment records

Step 3: Apply for the PFD

If you meet the requirements, you have the option to submit your application between January 1st and March 31st. You have the choice to either fill out the application form online through a myAlaska account or print the documents, sign them, and submit them. Upon online submission, you will receive an email to confirm receipt of your application. Processing time for physical form submissions is four to six weeks. It’s important to carefully follow the instructions before submitting and make a note of your confirmation number.

Step 4: Receive and Spend Your Money

Once your application is approved, you can expect to receive your payouts typically around October. The payment will be issued either as a check or via direct deposit, based on the payment method you specified in the application form. It’s important to note that this is not an automatic annual membership; you need to reapply each year to receive dividends.

Why You Should Consider Getting Paid to Live in Alaska as a Side Hustle

If you’re uncertain about living in Alaska, here are other factors to think about when considering a move there, aside from the opportunity to receive free money.

  • Inexpensive Real Estate: The state offers affordable real estate with an average home value of $345,363.
  • No Sales or Income Tax: Alaska doesn’t require state sales tax and income tax, allowing you to save more from your income.
  • Breathtaking Environment: The environment is full of nature, wildlife, and tourist attractions. Plus, you can experience free outdoor recreation such as fishing and wildlife viewing.
  • Rich Cultural History: Alaska’s history dates back thousands of years, resulting in a state’s rich culture and history.

Conclusion

Moving and living in another state now offers another chance to earn extra income. If you meet the requirements and consider factors carefully, you can live in your dream city with extra money in your pocket.

Reference

  • https://gigworker.com/get-paid-to-live-in-alaska/

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