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Insurance Agent Salary in Alaska: Cost of Living Adjusted (2024)

What does a Insurance Agent 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
$54,720
Median annual (2024)
-2.0%
Real Purchasing Power
$53,647
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 Insurance Agent earning $54,720 in Alaska has the equivalent purchasing power of $53,647 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) $45,340 $44,450 $-889
25th Percentile (P25) $47,820 $46,882 $-937
Median (P50) $54,720 $53,647 $-1,072
75th Percentile (P75) $70,930 $69,539 $-1,390
90th Percentile (P90) $79,850 $78,284 $-1,565
Key Insight

Alaska's cost of living is close to the national average, so $54,720 keeps most of its value at $53,647 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Insurance Agent (After Cost of Living)

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

$80,501
RPP 97.7
$76,543
RPP 92.3
$74,239
RPP 88.7
$72,453
RPP 106.4
5. Alabama
$71,822
RPP 87.8
$71,764
RPP 108.8
7. Iowa
$71,436
RPP 88.4
$71,021
RPP 104.7
$70,987
RPP 109.4
10. New York
$70,501
RPP 107.6

Alaska ranks #41 out of 50 states for Insurance Agent after cost-of-living adjustment.

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Frequently Asked Questions

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

A Insurance Agent in Alaska earns a median salary of $54,720 per year. After adjusting for Alaska's cost of living (RPP=102.0), the real purchasing power is $53,647 — 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 Insurance Agent in Alaska: $54,720 x (100 / 102.0) = $53,647. This represents what the salary would be worth in a state with average living costs.

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