A Physician Assistant earning $150K/year in Alaska takes home $113,751 after all taxes. That’s $9,479/month, with an effective tax rate of 24.2%.
The estimated median salary for Physician Assistants in Alaska is $152K (adjusted from the national median of $120K using Alaska’s cost-of-living index of 127). At $150K, you’re earning 1% below the state-adjusted median for this profession.
You’re earning slightly below the state-adjusted median, which is common for mid-career Physician Assistants or those in lower-cost areas within Alaska. The salary range for Physician Assistants nationally is 90K–160K, so there’s room for growth as you gain experience and specialization.
Filing as married filing jointly on $150K (single earner) saves you $9,324/year ($777/month) compared to filing single. This marriage bonus comes from the doubled standard deduction ($32,200 vs $16,100) and wider lower brackets.
Physician assistants who take on locum tenens (temporary) assignments may receive 1099 income subject to self-employment tax. If you work in multiple states during a year, you may owe taxes in each state where you practiced. Continuing medical education (CME) expenses are no longer deductible federally as unreimbursed employee expenses, but some employers reimburse them tax-free. If you carry student loan debt, the student loan interest deduction (up to $2,500) phases out at higher income levels.
At #1 out of 50 states for take-home pay on a $150K salary, Alaska is among the best states for keeping your paycheck. You’re in the best state for take-home pay at this salary.
After adjusting for cost of living, Alaska ranks #47 in purchasing power. That’s a drop from #1 in raw take-home — Alaska’s higher cost of living erodes some of your advantage.