Petroleum Engineers Salary in Anchorage, AK
The median pay for a petroleum engineers in Anchorage, AK is $205,380/year ($98.74/hour), per BLS data. Entry-level workers start around $114K. (BLS did not publish a top-end figure for this area.) Prices run high here (RPP 105.42), so that salary is closer to $194,821 in real purchasing power. Rent on a 2-bedroom averages $1,376/month, or 10.7% of estimated take-home pay.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $205K get you in Anchorage?
About petroleum engineers
Compensation breakdown
Annual earnings by percentile, Anchorage, AK
Entry-level petroleum engineers (10th percentile) start around $114K. Mid-career wages sit at $205K.BLS did not publish 90th percentile data for this occupation in this area (sample size too small).
Petroleum Engineers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Alaska | $201K | +42% | 310 |
| Utah | $167K | +18% | 380 |
| Tennessee | $164K | +16% | 50 |
| Texas | $153K | +8% | 10,640 |
| Wyoming | $153K | +8% | 320 |
| California | $148K | +5% | 1,190 |
| Oklahoma | $142K | +1% | 1,290 |
| New Jersey | $141K | -0% | 30 |
| Louisiana | $135K | -5% | 920 |
| Michigan | $131K | -7% | 80 |
| North Dakota | $130K | -8% | 190 |
| Washington | $130K | -8% | 170 |
| Minnesota | $129K | -9% | 60 |
| Kansas | $118K | -16% | 160 |
| New Mexico | $118K | -16% | 390 |
Track petroleum engineers salary changes
BLS updates this data quarterly. We'll email you when Anchorage numbers change.
Related careers in Engineering
Frequently asked questions
How much do petroleum engineers make in Anchorage, AK?
The median is $205,380 a year - that works out to about $98.74 an hour. The range is wide: entry-level workers start around $113,880. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $205K enough to live in Anchorage?
On that salary, you'd take home roughly $12,742/month after taxes. A 2-bedroom here rents for about $1,376/month (HUD Fair Market Rent), which eats 10.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a petroleum engineers salary go in Anchorage?
Anchorage has a Regional Price Parity of 105.42 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median petroleum engineers salary is worth about $194,821 in national-average purchasing power.
Where do petroleum engineers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.