SalaryNode

Average All Occupations Salary in Anchorage, AK

In Anchorage, Alaska, the average annual salary for All Occupations stands at a robust $73,940. This figure notably surpasses the national average of $67,140, indicating a favorable compensation landscape for workers in the region. Several factors, including the unique economic drivers and potentially higher operational costs associated with Alaska, contribute to this elevated pay scale.

Executive Summary

  • Average Salary: $73,940 per year.
  • Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $128,920.
  • Outlook: Anchorage boasts a substantial local workforce of 174,740 individuals, with All Occupations represented at a rate of 1,000 jobs per 1,000 workers, matching the national average. The Location Quotient of 1.0 suggests that the concentration of these roles in Anchorage is precisely in line with the national distribution, implying a stable and consistent demand for a broad range of professions within the city's economy.
2024 Market Data

Salary Overview

$73,940

The average All Occupations in Anchorage, AK earns+10.1%above the national average.

BreakdownBased on 40h/week
Hourly

$35.6

Weekly

$1,422

Monthly

$6,162

All Occupations Salary Distribution in Anchorage, AK

Salary progression within All Occupations in Anchorage typically sees significant increases with experience. Entry-level positions might start at a lower percentile, but as professionals gain skills and tenure, their earnings can ascend to higher percentiles, reflecting increased value and responsibility. The widening gap between entry-level and senior-level salaries underscores the opportunities for career advancement and substantial income growth.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$34,240$16.5
ExperiencedProficient professional working independently.25% (Junior)$55,455$26.7
Mid-LevelEstablished expert. Standard market value.50% (Median)$59,060$28.4
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$92,425$44.4
Top TierIndustry leader / Executive level compensation.90% (Expert)$128,920$62

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$73,940

Gross Pay

Real Wage (Purchasing Power)

$73,940

Adjusted for COL (100)

The average annual salary of $73,940 in Anchorage aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Anchorage resident earning the average salary is equivalent to that of a national average earner, suggesting that the higher nominal wages effectively offset the cost of living, providing a comparable standard of living.

Job Market Context

174,740

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Anchorage, AK has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

With a Location Quotient of 1.0 for All Occupations, Anchorage's job market reflects the national average in terms of job concentration. This indicates neither an oversupply nor a significant undersupply of these roles relative to the national landscape. The market is neither exceptionally competitive nor lacking in opportunities, presenting a balanced environment for job seekers and employers alike.

Nearby Job Markets

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Anchorage, AK?

The median annual salary for a All Occupations in Anchorage, AK is $73,940. This typically ranges from $34,240 for entry-level positions to $128,920 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Anchorage, AK is 10.1% higher than the national median of $67,140.

Is Anchorage, AK a lucrative place for All Occupationss?

Yes, Anchorage, AK offers competitive compensation for All Occupations.The average salary of $73,940 significantly exceeds the national average, and this is balanced by a cost of living index that is also at the national average.

Is Anchorage, AK a good place to live for All Occupations?

The Cost of Living Index in Anchorage, AK is 100. While higher than average, this often correlates with higher wages.

How does the Anchorage salary compare to the national average?

The average salary for All Occupations in Anchorage is $73,940, which is higher than the national average of $67,140.

What is the cost of living in Anchorage, AK?

Anchorage's cost of living index is 100, which is exactly the national average, meaning it costs about the same to live there as the typical US city.

How large is the workforce in Anchorage?

Anchorage has a total local workforce of 174,740 individuals.

Is there a high concentration of 'All Occupations' jobs in Anchorage?

The Location Quotient for 'All Occupations' in Anchorage is 1.0, indicating that the concentration of these jobs is the same as the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 174,740 employees in the Anchorage, AK area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Anchorage, AK