Average Construction and Extraction Occupations Salary in Anchorage, AK
Construction and Extraction Occupations in Anchorage, AK, command an impressive average annual salary of $76,780. This figure significantly surpasses the national average of $64,030, indicating a robust demand for these skilled professionals in the Alaskan capital. Factors such as the unique logistical challenges and the need for specialized infrastructure in Alaska likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $76,780 per year.
- Growth Trend: Salaries have shifted 10.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,880.
- Outlook: With a local workforce of 9,440 individuals in Construction and Extraction Occupations, Anchorage demonstrates a substantial presence in this sector. The location quotient of 1.31 further underscores this, suggesting that these roles are more concentrated in Anchorage than the national average. This indicates a healthy and potentially growing job market with consistent demand for skilled labor in construction and extraction.
Salary Overview
The average Construction and Extraction Occupations in Anchorage, AK earns+19.9%above the national average.
$36.9
$1,477
$6,398
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Construction and Extraction Occupations in Anchorage have experienced steady growth over the past four years, mirroring national trends. Increased infrastructure projects, resource development, and the general cost of living adjustments likely contribute to a positive salary trajectory for professionals in this field.
Construction and Extraction Occupations Salary Distribution in Anchorage, AK
Career progression within Construction and Extraction Occupations in Anchorage offers significant earning potential. Entry-level positions typically start at lower salary bands, but with accumulated experience, specialized certifications, and demonstrated expertise, professionals can advance to senior roles commanding substantially higher salaries. The widening gap between entry-level and senior-level compensation reflects the value placed on experience and skill in this demanding industry.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $46,640 | $22.4 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $57,585 | $27.7 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $71,760 | $34.5 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $95,975 | $46.1 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $105,880 | $50.9 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$76,780
Gross Pay
Real Wage (Purchasing Power)
$76,780
Adjusted for COL (100)
The nominal average annual salary of $76,780 in Anchorage aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the salary is higher than the national average, the purchasing power of that salary is on par with the rest of the United States. Therefore, relocating to Anchorage for these roles offers a comparable standard of living from a cost perspective, with the added benefit of a higher nominal income.
Job Market Context
9,440
Total Jobs
53.996
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Anchorage, AK has a slightly higher-than-average concentration of Construction and Extraction Occupations roles compared to the national norm.
Anchorage's location quotient of 1.31 for Construction and Extraction Occupations signifies a market that is 31% more concentrated than the national average. This suggests a competitive yet robust environment where these roles are a significant part of the local economy. While the concentration indicates a good number of opportunities, it also implies a pool of experienced local talent, making it important for newcomers to highlight unique skills or experience.
Nearby Job Markets
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Anchorage, AK?
The median annual salary for a Construction and Extraction Occupations in Anchorage, AK is $76,780. This typically ranges from $46,640 for entry-level positions to $105,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Anchorage, AK is 19.9% higher than the national median of $64,030.
Is Anchorage, AK a lucrative place for Construction and Extraction Occupationss?
Yes, Anchorage offers a lucrative environment for Construction and Extraction Occupations.The average salary of $76,780 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong purchasing power.
Is Anchorage, AK a good place to live for Construction and Extraction 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 construction salary compare to the national average?
The average annual salary for Construction and Extraction Occupations in Anchorage is $76,780, which is considerably higher than the national average of $64,030.
What is the concentration of Construction and Extraction jobs in Anchorage?
Anchorage has a location quotient of 1.31 for these occupations, meaning the jobs are 31% more concentrated locally than the national average, indicating a strong presence in the job market.
Does the cost of living affect the value of the Anchorage salary?
No, the cost of living in Anchorage is indexed at 100, which is the national average. This means the higher nominal salary of $76,780 offers a purchasing power equivalent to the national average.
How many people work in Construction and Extraction in Anchorage?
There are approximately 9,440 individuals employed in Construction and Extraction Occupations within Anchorage, AK.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,440 employees in the Anchorage, AK area with a job density of 53.996 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Anchorage, AK