Yes, Alaska will actually pay you to move there. Residents get between $500 and $2,000 per year from the government.
Most people living in Alaska get the Alaska Permanent Fund Dividend, which is just over $1,500 per year. This practice started in 1982 when the Alaska Permanent Fund Foundation split its funds from the Alaskan oils into funds that couldn’t be touched and an energy reserve. The council decided in 1982 to share a portion of the energy reserve with the Alaskan residents, which is when the PFD began.
How To Register for the Alaska Permanent Fund Dividend
Residents must register every year for the PFD. This year, registration began on January 1 and goes through March 31. The Alaska Permanent Fund Foundation announces the PFD amount in September. They then begin paying out the dividend in October of that year. In 2019, residents each received $1,606.
You must apply for the fund every year. You can do so online or complete a paper application. If you are applying for the first time, you may have to provide more information than you would if you were reapplying.
Qualifying for the Alaska Permanent Fund Division
So how do you qualify for the PFD? You must meet the following:
- Be a resident of Alaska for the entire calendar year
- Plan to remain an Alaskan resident indefinitely
- You can’t claim residency in any other state or take any other state’s benefit for residency
- You can’t have a conviction in the previous year
- You can’t have served jail time in the previous year
- You can’t be gone from Alaska for more than 180 days without approval
You must meet all of these situations in order to be eligible for the PFD.
Does Alaska Pay you to Live There?
The PFD certainly sounds like Alaska is one of those places that you pay you to move there, and in fact, it is. The PFD is an incentive not only to move to Alaska but to set up permanent residency. As a part of the eligibility process, you must demonstrate your intent to live in Alaska indefinitely. This goes beyond showing your physical presence in the state.
How do you prove your intent to live there indefinitely? You’ll need to do one of the following:
- Provide proof of moving your household items to Alaska with moving truck receipts or other proof
- Proof of a lease agreement in your name
- Proof of a mortgage in your name
- Proof of employment in Alaska
- Proof of vehicle registration
- Proof of voter registration
While the PFD is a great incentive to move to Alaska as it’s one of those places that pay you to move there, you should know the true factors of living in Alaska including their higher cost of living and cold temperatures. Make sure that Alaska is somewhere that you can live comfortably and if you can, enjoy your dividend for becoming a permanent resident.