Alaska, commonly referred to as America’s last frontier, is one of the most popular tourist destinations globally. Many people consider Alaska one of the most adventurous states to live in, thanks to the various outdoor activities that characterize the state, such as skiing, boating, fishing, and hiking. However, the extreme climatic conditions prevalent in the area make it a challenging habitat for the faint-hearted.
The state’s dense forests, cold temperatures, vast tundras, and snowy mountains attract only adventure-seeking, hardy individuals. Nevertheless, its unique beauty and plenty of wildlife make it worthy of stay despite the cold winters. Below are the top reasons why many families have recently been moving to Alaska:
Structured Incentives for Residents
In 1976, the State Government of Alaska established the Permanent Fund Dividend Program, where it conserved a portion of its revenues accrued from trading minerals. The fund was meant to help the future generations of Alaskans as well as attract more residents to the state. Each permanent resident receives a substantial amount of dividend every year, a factor that attracts many people to move into the state.
Affordable Real Estate
Irrefutably, the cost of living in Alaska can be relatively high, considering that most food items such as groceries have to be imported. However, this is significantly different when it comes to real estate. Both rental and purchase prices for real estate properties are quite affordable.
Whether you want to live in one of Alaska’s majestic cities, a lively town or a secluded, remote location, there are endless options to choose from. All you need to do is liaise with a reputable local realtor to make your property search as seamless as possible.
Zero Income and Sales Tax
Residents of many states in the U.S. are victims of punitive tax programs inflicted on them by the state and federal governments. However, it’s way different for the Alaskan residents. They are neither required to pay sales tax nor do they pay income tax to the state government.
This allows individuals to save on income and sales tax, enhancing their financial muscles to invest in real estate. However, all residents are subject to real estate and property tax.
Need to Move to Alaska? We Can Help
If you contemplate moving to Alaska and are unsure where to start, worry not because we have your back at Golden North Van Lines. We have a team of professional movers to handle your move to ensure you have a seamless relocation. Contact us online or call us at (800) 478-4685 to discover how we can make your move to Alaska a success.