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

What does a Economists 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
$108,960
Median annual (2024)
-2.0%
Real Purchasing Power
$106,823
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 Economists earning $108,960 in Alaska has the equivalent purchasing power of $106,823 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) $64,830 $63,558 $-1,271
25th Percentile (P25) $87,330 $85,617 $-1,712
Median (P50) $108,960 $106,823 $-2,136
75th Percentile (P75) $133,190 $130,578 $-2,611
90th Percentile (P90) $174,970 $171,539 $-3,430
Key Insight

Alaska's cost of living is close to the national average, so $108,960 keeps most of its value at $106,823 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Economists (After Cost of Living)

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

$144,965
RPP 102.1
2. Georgia
$132,797
RPP 95.8
$132,249
RPP 107.6
$131,057
RPP 105.0
5. Ohio
$128,688
RPP 91.5
6. Kansas
$127,888
RPP 90.0
$126,805
RPP 91.1
$120,174
RPP 91.8
$118,651
RPP 94.2
$117,775
RPP 96.2

Alaska ranks #16 out of 39 states for Economists after cost-of-living adjustment.

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Frequently Asked Questions

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

A Economists in Alaska earns a median salary of $108,960 per year. After adjusting for Alaska's cost of living (RPP=102.0), the real purchasing power is $106,823 — 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 Economists in Alaska: $108,960 x (100 / 102.0) = $106,823. This represents what the salary would be worth in a state with average living costs.

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