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Loan Officers Salary in Alaska: Cost of Living Adjusted (2024)

What does a Loan Officers 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
$65,160
Median annual (2024)
-2.0%
Real Purchasing Power
$63,882
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 Loan Officers earning $65,160 in Alaska has the equivalent purchasing power of $63,882 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) $24,400 $23,921 $-478
25th Percentile (P25) $46,350 $45,441 $-908
Median (P50) $65,160 $63,882 $-1,277
75th Percentile (P75) $92,620 $90,803 $-1,816
90th Percentile (P90) $163,450 $160,245 $-3,204
Key Insight

Alaska's cost of living is close to the national average, so $65,160 keeps most of its value at $63,882 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Loan Officers (After Cost of Living)

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

$93,562
RPP 88.7
$91,951
RPP 107.6
3. Kansas
$91,711
RPP 90.0
4. Iowa
$90,576
RPP 88.4
$89,306
RPP 88.0
$87,398
RPP 108.8
$86,468
RPP 97.7
$85,839
RPP 92.3
9. Vermont
$85,548
RPP 101.1
$85,402
RPP 109.4

Alaska ranks #45 out of 50 states for Loan Officers after cost-of-living adjustment.

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Frequently Asked Questions

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

A Loan Officers in Alaska earns a median salary of $65,160 per year. After adjusting for Alaska's cost of living (RPP=102.0), the real purchasing power is $63,882 — 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 Loan Officers in Alaska: $65,160 x (100 / 102.0) = $63,882. This represents what the salary would be worth in a state with average living costs.

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