How much does Alaska pay residents to live there?

Alaska‘s Permanent Fund Dividends (PFDs) provide residents with a yearly cash payment, with the 2022 payout being the highest at $3,284. The history of the PFD dates back to 1976 when Alaska voters established the Permanent Fund to deposit at least 25% of the state‘s oil and mineral royalties. To be eligible for PFD payments, residents must apply between January 1 and March 31 and have plans to remain in Alaska indefinitely. Additionally, Alaska offers various incentives for people who move there, including property tax exemptions, income tax deductions, and relocation assistance programs.