Table E-1
Alaska Rent-Wage Disparities, 2009

Table E-1 shows how much money a person in each Alaska census area would need to earn in order for them to be spending only the recommended 30 percent of their income on housing (typical two-bedroom rental). For instance, a person renting a two-bedroom apartment in Anchorage would need to earn $19.83 per hour working regular fulltime hours. But if they were only able to earn minimum wage at $7.15, they would need to work 109 hours per week.

Source: National Low Income Housing Coalition “Out of Reach” reports, compiled by Alaska Housing Finance Corporation (emailed from K. Duncan, AHFC, 7/26/11)

*Affordable rent means monthly rent affordable to a household earning 30% of Annual Median Income, applying the generally accepted standard of spending not more than 30% of income on housing costs.

** Minimum wage of $7.15/hr, effective 1/1/03. (Beginning 1/1/2010, minimum wage was raised to $7.75).
FMR-Fair Market Rent as issued by HUD 10/1/2008 (Federal fiscal year 09 began Oct. 1, 2008)

Cost Effectiveness of Supportive Housing

Sources: Compiled by AK Coalition on Housing and Homelessness from OMB, API, DHSS, DOC, Clitheroe Ctr, & AHFC data (email from K. Duncan, AHFC, 7/26/11)

¹Supportive Housing calculation includes rent subsidy of $600/mo-$20/day; care coordination at $20/day; social supports (bus tokens, meal svcs, etc.) at $20/day; and administrative overhead at $10/day.