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Carpenters Salary in Alaska: Cost of Living Adjusted (2024)

What does a Carpenters salary really buy you in Alaska?

Alaska is 2.0% pricier than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$65,150
Median annual (2024)
-2.0%
Real Purchasing Power
$63,872
COL-adjusted (RPP=102.0)

Alaska Cost of Living Index

Alaska's Regional Price Parity (RPP) is 102.0, meaning prices are 2.0% higher the national average. A Carpenters earning $65,150 in Alaska has the equivalent purchasing power of $63,872 in an average-cost US state.

AK: 102.0
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Alaska's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $47,840 $46,901 $-938
25th Percentile (P25) $58,120 $56,980 $-1,139
Median (P50) $65,150 $63,872 $-1,277
75th Percentile (P75) $91,480 $89,686 $-1,793
90th Percentile (P90) $123,810 $121,382 $-2,427
Key Insight

Alaska's cost of living is close to the national average, so $65,150 keeps most of its value at $63,872 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Carpenters (After Cost of Living)

Where does Carpenters salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. Hawaii
$77,590
RPP 110.8
$75,429
RPP 101.3
$67,124
RPP 91.1
$66,721
RPP 109.8
$66,506
RPP 112.5
$66,171
RPP 97.7
7. Indiana
$65,915
RPP 91.8
$65,828
RPP 88.7
$65,749
RPP 93.4
10. Wisconsin
$65,427
RPP 92.3

Alaska ranks #14 out of 50 states for Carpenters after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Carpenters in Alaska after cost of living?

A Carpenters in Alaska earns a median salary of $65,150 per year. After adjusting for Alaska's cost of living (RPP=102.0), the real purchasing power is $63,872 — a -2.0% difference.

Is Alaska expensive to live in?

Alaska's cost of living is 2.0% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Alaska is 102.0 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Carpenters in Alaska: $65,150 x (100 / 102.0) = $63,872. This represents what the salary would be worth in a state with average living costs.

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