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Carpenter Salary in Anchorage, AK

How much does a carpenter make in Anchorage? Explore median, entry-level, and senior salaries adjusted for Anchorage's cost of living.

Median Salary
$63,590
per year in Anchorage
Entry Level
$32,855
Starting salary
Senior Level
$89,026
Experienced professionals
Cost of Living
171
71% above national avg

Salary Breakdown by Experience Level

See how carpenter salaries break down across different pay periods in Anchorage.

PeriodEntry LevelMedianSenior
Annual$32,855$63,590$89,026
Monthly$2,738$5,299$7,419
Biweekly$1,264$2,446$3,424
Weekly$632$1,223$1,712
Hourly$16$31$43

Anchorage vs National Average

How Anchorage's carpenter salaries compare to national figures.

Anchorage Salary
$63,590
COL Index: 171
National Average
$62,340
COL Index: 100
Difference
+$1,250
Higher in Anchorage

Cost of Living in Anchorage

1-Bedroom Rent
$2,450
per month
Median Income
$73,456
per year
Population
290,797
residents
Rent % of Income
40.0%
median household
Cost of Living Index: 171 — A score of 100 represents the U.S. average. Salaries in Anchorage have been adjusted to account for local cost differences.

About Carpenter

Overview

Build and repair wooden structures and fixtures.

Education

High school diploma; apprenticeship preferred

Key Skills

CarpentryTool OperationBuilding CodesSafety

Growth Rate

Expected job growth: +12% over the next decade

Compare Cities: Carpenter Salary

See Carpenter salaries in other top cities.

New York, NY
$69,680
+10%
Los Angeles, CA
$73,840
+16%
Chicago, IL
$76,510
+20%
Houston, TX
$48,910
-23%
Phoenix, AZ
$59,030
-7%

Financial Tools to Explore

Use these Pulsafi calculators to understand your finances based on a carpenter salary in Anchorage.

Salary Breakdown Calculator

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Cost of Living Calculator

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Rent vs Buy Calculator

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Carpenter Salary in Anchorage, AK — Complete Guide

Median Salary Overview

The median salary for a carpenter in Anchorage, AK is $63,590 per year, adjusted for the local cost of living index of 171. This figure reflects typical earnings for experienced professionals in this role, considering Anchorage's unique economic conditions.

Salary Range and Experience Levels

Entry-level carpenter professionals in Anchorage can expect to earn around $32,855 annually. As professionals gain experience, salaries typically increase, with senior-level carpenters earning approximately $89,026 per year. This represents a 171% increase from entry to senior level.

Cost of Living Adjustment

Anchorage's cost of living index of 171 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Anchorage are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $62,340, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a carpenter's salary in Anchorage typically goes toward housing. With a 1-bedroom apartment averaging $2,450 per month, housing represents about 46.2% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Carpenters are in growing demand across the United States, with an expected job growth of 12% over the next decade. In Anchorage, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.