What does a Millwrights salary really buy you in Alaska?
Alaska is 2.0% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Alaska's Regional Price Parity (RPP) is 102.0, meaning prices are 2.0% higher the national average. A Millwrights earning $72,790 in Alaska has the equivalent purchasing power of $71,362 in an average-cost US state.
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) | $52,980 | $51,941 | $-1,038 |
| 25th Percentile (P25) | $61,560 | $60,352 | $-1,207 |
| Median (P50) | $72,790 | $71,362 | $-1,427 |
| 75th Percentile (P75) | $83,910 | $82,264 | $-1,645 |
| 90th Percentile (P90) | $93,990 | $92,147 | $-1,842 |
Alaska's cost of living is close to the national average, so $72,790 keeps most of its value at $71,362 in real terms. Location choice here is more about career opportunities than cost arbitrage.
Where does Millwrights salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Alaska ranks #17 out of 48 states for Millwrights after cost-of-living adjustment.
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A Millwrights in Alaska earns a median salary of $72,790 per year. After adjusting for Alaska's cost of living (RPP=102.0), the real purchasing power is $71,362 — a -2.0% difference.
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).
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.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Millwrights in Alaska: $72,790 x (100 / 102.0) = $71,362. This represents what the salary would be worth in a state with average living costs.