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Physician Salary in Anchorage, AK — 2026 Guide

Estimated salaries are adjusted for Anchorage's cost of living (index: 133). National data from BLS OEWS 2024; city adjustments reflect local market conditions.

Physician Salary in Anchorage — Key Numbers

$304,969
Median Salary
$171,357
25th Percentile
$434,830
75th Percentile
$532,000
90th Percentile
National median (Physician)$229,300
vs. National median+33.0%
Anchorage median household income$84,800
vs. City household income+259.6%

Cost of Living in Anchorage

Cost of Living Index
133(100 = avg)
Median Monthly Rent$1,335/mo
Rent-to-Income Ratio5.3%
Annual rent cost$16,020
Median Home Price$370,000
Home Price / Salary1.2×
20% Down Payment$74,000
Years to save (20% rate)1.2 yrs

Rent-to-income below 28% is considered affordable; above 35% is cost-burdened. Home price multiple below 3× is affordable; above 5× is expensive by traditional guidelines.

Job Market in Anchorage

4.5%
Unemployment Rate
400,000
Metro Population
19 min
Avg Commute
34.8
Median Age

Anchorage has a metro population of 400,000, offering a growing job market with opportunities especially in established local industries. The 4.5% unemployment rate is near the national average.

Financial Calculators for Anchorage

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Cost of Living — Anchorage
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Physician Salary in Alaska
Statewide salary breakdown

Other Professions in Anchorage

Chief Executive Officer$279,300Dentist$233,428IT Manager$225,448Marketing Manager$209,635Lawyer$193,861HR Manager$181,346

Frequently Asked Questions

How much does a Physician make in Anchorage, AK?

The estimated median salary for a Physician in Anchorage is $304,969 per year (2026). This is derived from the national BLS median of $229,300 adjusted by Anchorage's cost of living index (133). The typical salary range runs from $171,357 (25th percentile) to $434,830 (75th percentile), with top earners reaching $532,000.

Is Anchorage affordable for a Physician?

On a $304,969 annual salary, a Physician in Anchorage would spend approximately 5.3% of gross monthly income on median rent ($1,335/month). This is well within the 28% affordability threshold, making Anchorage relatively affordable for this profession. The median home price of $370,000 is 1.2× the annual salary.

How does a Physician's salary compare to Anchorage's overall income?

Anchorage's median household income is $84,800. A Physician earning the city-adjusted median of $304,969 earns 259.6% more than the typical Anchorage household — placing them solidly in the middle-to-upper income tier for the city.

Explore More Salary Data

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Salary data from U.S. Bureau of Labor Statistics (BLS) OEWS, 2024 release. City salary estimates adjusted by cost of living index. City data from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024–2025). Last updated: March 2026.