What is the minimum wage in Alaska

minimum wage
minimum wage

At present, the minimum wage of Alaska state is $10.85 / hour, which is the lowest amount and can legally be paid for hourly work in Alaska.

The weekly earnings estimate of $434.00 / 40-hr week is based on a standard 40-hour work week.

The yearly earnings estimate of $22,568.00 / year is based on 52 standard 40-hour work weeks.
Since most hourly employees don’t work full time and/or take time off, actual yearly earnings will likely be lower.

However, there are some exceptions to this hourly wage for student workers, tipped workers, and overtime workers, who may receive different minimum wage rates.

Note: The federal minimum wage is currently $7.25 an hour, and has not been raised since 2009 in some states of the USA. In the present year of 2023, the District of Columbia had the highest minimum wage in the U.S., at $ 16.50 per hour. This was followed by Washington, which had $ 15.74 per hour as the state minimum wage.

Overview of Alaska state’s minimum wage history from 2010 to 2023:

Presently the minimum wage information of the Alaska state

year Hourly Weekly Yearly
2023 $10.85 / hour $434.00 / 40-hr week $22,568.00 / year

The minimum wage information of the Alaska state in past years

year Hourly Weekly Yearly
2022 $10.34 / hour $413.60 / 40-hr week $21,507.20 / year
2021 $9.89 / hour $395.60 / 40-hr week $20,571.20 / year
2020 $9.84 / hour $393.60 / 40-hr week $20,467.20 / year
2019 $9.80 / hour $392.00 / 40-hr week $20,384.00 / year
2018 $9.75 / hour $390.00 / 40-hr week $20,280.00 / year
2017 $8.75 / hour $350.00 / 40-hr week $18,200.00 / year
2016 $7.75 / hour $310.00 / 40-hr week $16,120.00 / year
2015 $7.75 / hour $310.00 / 40-hr week $16,120.00 / year
2014 $7.75 / hour $310.00 / 40-hr week $16,120.00 / year
2013 $7.75 / hour $310.00 / 40-hr week $16,120.00 / year
2012 $7.75 / hour $310.00 / 40-hr week $16,120.00 / year
2011 $7.25 / hour $290.00 / 40-hr week $15,080.00 / year
2010 $7.15 / hour $286.00 / 40-hr week $14,872.00 / year
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Future minimum wage information of the Alaska state

Based on the present and past estimations, a graphical chart has been prepared which will tell you what is the minimum wage in the upcoming years and There is a possibility that earnings will change in the future.

Year 2024 2025 2026 2027 2028
minimum wage $ 10.92/ hour $ 11.18/ hour $ 11.44/ hour $ 11.7/ hour $ 11.96/ hour

Alaska state Minimum wage chart for per hour, per week and per year

This chart shows how the minimum wage has changed over the years per hour, per week, and per year.

Alaska state Minimum wage per hour –

If we compare the minimum wage for the last five years in the state of Alaska, the lowest minimum wage is $ 9.8 per hour and the highest minimum wage is $ 10.85 per hour. The minimum wage has increased by $ 0.51 per hour over the last year and $ 1.05 in the last five years.

Alaska state Minimum wage per week –

The minimum wage per week can be calculated by multiplying the hourly rate by the number of hours worked per week.
If we compare the minimum wage for the last five years in the state of Alaska, the lowest minimum wage is $ 392 per week and the highest minimum wage is $ 434 per week. The minimum wage has increased by $ 0.51 per week over the last year and $ 42 in the last five years.

Alaska state Minimum wage per year –

you can estimate the annual income of a full-time worker who earns the minimum wage by multiplying the hourly rate by the number of hours worked per year.
If we compare the minimum wage for the last five years in the state of Alaska, the lowest minimum wage is $ 20384 per year and the highest minimum wage is $ 22568 per year. The minimum wage has increased by $ 1060.8 per year over the last year and $ 2184 in the last five years.