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

What does a Pharmacist 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
$163,200
Median annual (2024)
-2.0%
Real Purchasing Power
$160,000
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 Pharmacist earning $163,200 in Alaska has the equivalent purchasing power of $160,000 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) $123,220 $120,803 $-2,416
25th Percentile (P25) $146,550 $143,676 $-2,873
Median (P50) $163,200 $160,000 $-3,200
75th Percentile (P75) $174,010 $170,598 $-3,411
90th Percentile (P90) $183,920 $180,313 $-3,606
Key Insight

Alaska's cost of living is close to the national average, so $163,200 keeps most of its value at $160,000 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Pharmacist (After Cost of Living)

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

1. Alaska
$160,000
RPP 102.0
$159,306
RPP 88.0
$158,249
RPP 97.7
$155,000
RPP 86.6
5. Oregon
$153,020
RPP 106.6
$152,841
RPP 88.7
7. Alabama
$152,539
RPP 87.8
$152,123
RPP 92.3
9. Montana
$151,971
RPP 90.3
$151,683
RPP 87.3

Alaska ranks #1 out of 50 states for Pharmacist after cost-of-living adjustment.

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Frequently Asked Questions

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

A Pharmacist in Alaska earns a median salary of $163,200 per year. After adjusting for Alaska's cost of living (RPP=102.0), the real purchasing power is $160,000 — 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 Pharmacist in Alaska: $163,200 x (100 / 102.0) = $160,000. This represents what the salary would be worth in a state with average living costs.

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