analytics Real Pay Index BLS wages × BEA cost of living May 2025 release

Physical Therapist Salary, Adjusted for Cost of Living

Physical therapists earn the most in California ($124,190/yr) — but once you adjust for what a dollar actually buys there, California drops to #6, and New Mexico pays the most real money ($115,907 in U.S.-average buying power).

paid Highest nominal pay
CA · $124,190
savings Highest real pay
NM · $115,907
trending_up Biggest climb (COL-adjusted)
AR ▲ 36 spots
Rank states by
# State Nominal / yr Cost of living Real pay / yr COL shift
New Mexico $106,880 92 $115,907 ▲ 5
Mississippi $99,990 87 $114,993 ▲ 30
Arkansas $99,010 87 $113,887 ▲ 36
Alaska $115,280 102 $112,623 ▼ 2
Oklahoma $98,590 88 $112,234 ▲ 36
California $124,190 111 $112,166 ▼ 5
Kentucky $100,710 90 $111,703 ▲ 21
Louisiana $98,530 88 $111,703 ▲ 34
Nevada $111,250 100 $111,273 ▼ 5
Iowa $97,560 88 $111,164 ▲ 35
Ohio $103,050 93 $111,076 ▲ 3
Alabama $97,290 89 $109,532 ▲ 34
Missouri $99,310 91 $109,352 ▲ 25
Kansas $98,290 90 $109,129 ▲ 29
Texas $105,810 97 $109,018 ▼ 7
Tennessee $100,140 92 $109,002 ▲ 15
Indiana $101,560 93 $108,819 ▲ 5
Wyoming $100,400 93 $108,317 ▲ 12
Wisconsin $101,840 94 $108,231
South Carolina $101,330 94 $108,086 ▲ 5
West Virginia $96,600 90 $107,937 ▲ 27
Nebraska $97,090 90 $107,754 ▲ 25
Georgia $102,700 96 $106,654 ▼ 8
North Carolina $99,910 94 $105,920 ▲ 9
Illinois $105,250 100 $105,294 ▼ 16
Michigan $100,900 96 $104,867 ▲ 1
South Dakota $92,660 89 $104,599 ▲ 22
Pennsylvania $101,380 98 $103,903 ▼ 4
Idaho $99,000 96 $103,671 ▲ 11
Minnesota $102,010 99 $103,436 ▼ 12
New Jersey $112,140 109 $103,065 ▼ 28
Maine $99,720 97 $102,751 ▲ 4
Arizona $103,220 101 $102,526 ▼ 20
Delaware $102,050 100 $102,246 ▼ 18
Maryland $106,890 105 $101,840 ▼ 30
Utah $99,880 99 $101,028 ▼ 2
Connecticut $104,360 104 $100,724 ▼ 27
Virginia $101,450 101 $100,342 ▼ 15
Oregon $103,510 103 $100,144 ▼ 27
Vermont $97,970 98 $100,012 ▲ 4
Colorado $102,030 103 $99,008 ▼ 24
Washington $105,950 107 $99,007 ▼ 35
Massachusetts $103,790 106 $98,140 ▼ 32
Florida $101,040 103 $97,704 ▼ 18
Rhode Island $99,400 102 $97,184 ▼ 8
Montana $91,450 95 $96,624 ▲ 4
North Dakota $85,330 89 $95,921 ▲ 4
New Hampshire $99,850 104 $95,858 ▼ 13
New York $100,660 108 $93,272 ▼ 20
Hawaii $101,700 110 $92,496 ▼ 30
District of Columbia $101,640 110 $92,483 ▼ 30

How to read this

Nominal pay is the U.S. Bureau of Labor Statistics (BLS) median wage for physical therapists in each state. Real pay divides that by the state's cost of living (BEA Regional Price Parity, U.S. average = 100), so it reflects what the salary is actually worth locally. A state with high nominal pay but high costs can rank lower on real pay than a cheaper state — that's the COL shift column.

Methodology: nominal medians from U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) (May 2025 release); cost of living from the U.S. Bureau of Economic Analysis Regional Price Parities (all items, 2024). Real pay = nominal ÷ (RPP ÷ 100). Cite as “WageAtlas Real Pay Index.”

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