Last updated: 2025 BLS data · Page refreshed:
What does a Psychiatrists salary really buy you in Alaska?
Alaska is 2.0% pricier than the US averageData: BLS OEWS 2025 + BEA Regional Price Parities 2022 • Updated 2026-05-19
Alaska's Regional Price Parity (RPP) is 102.0, meaning prices are 2.0% higher the national average. A Psychiatrists earning $342,170 in Alaska has the equivalent purchasing power of $335,460 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) | $83,170 | $81,539 | $-1,630 |
| 25th Percentile (P25) | $118,600 | $116,274 | $-2,325 |
| Median (P50) | $342,170 | $335,460 | $-6,709 |
| 75th Percentile (P75) | $393,920 | $386,196 | $-7,723 |
| 90th Percentile (P90) | $421,650 | $413,382 | $-8,267 |
Alaska's cost of living is close to the national average, so $342,170 keeps most of its value at $335,460 in real terms. Location choice here is more about career opportunities than cost arbitrage.
With an RPP of 102.0, Alaska is within a few percent of the national cost-of-living baseline. Salary adjustment for Psychiatrists is therefore minor — what you earn is close to what you'd keep in real purchasing power.
After adjusting for Alaska's cost of living, $342,170 nominal nets out to $335,461 in real purchasing power — a small 2.0% loss. The state's cost profile is close enough to average that COL alone shouldn't drive location decisions for this Psychiatrists.
Ranked on COL-adjusted median pay for Psychiatrists, Alaska places #5 of 46 states — top quartile. Either nominal wages run high, cost of living runs low, or both.
Where does Psychiatrists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Alaska ranks #5 out of 46 states for Psychiatrists after cost-of-living adjustment.
How much do you actually take home? See Psychiatrists take-home pay in Alaska after taxes →
A Psychiatrists in Alaska earns a median salary of $342,170 per year. After adjusting for Alaska's cost of living (RPP=102.0), the real purchasing power is $335,460 — 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 Psychiatrists in Alaska: $342,170 x (100 / 102.0) = $335,460. This represents what the salary would be worth in a state with average living costs.
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