Since 1976, Alaska has paid its residents to live there due to its Permanent Fund Reserve.
The payouts are funded by Alaska’s oil royalties and are divided up evenly among citizens.This essentially pays people to move to Alaska, permanently that is. Investment earnings on Alaskan mineral royalties are paid out to Alaska residents. The Yearly Resource Rebate payouts vary. Generally, residents can expect an average of about $1,250. The state feels that it is an investment in their current population as well investing in future generations in hopes that they stay in Alaska. To be eligible for the dividend, you need to have lived in Alaska for one year. This financial incentive can help make up for the higher cost of living that many pay in Alaska. This can be helpful for making other financial goals – like establishing an emergency fund or saving for a home down payment.
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