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

Psychologist Salary, Adjusted for Cost of Living

Psychologists earn the most in Oregon ($134,350/yr) — but once you adjust for what a dollar actually buys there, Oregon drops to #3, and New Mexico pays the most real money ($135,340 in U.S.-average buying power).

paid Highest nominal pay
OR · $134,350
savings Highest real pay
NM · $135,340
trending_up Biggest climb (COL-adjusted)
KY ▲ 13 spots
Rank states by
# State Nominal / yr Cost of living Real pay / yr COL shift
New Mexico $124,800 92 $135,340 ▲ 2
North Dakota $116,130 89 $130,543 ▲ 5
Oregon $134,350 103 $129,981 ▼ 2
Alaska $124,270 102 $121,406
Wisconsin $113,360 94 $120,474 ▲ 7
Arizona $119,010 101 $118,210 ▼ 1
New Jersey $127,090 109 $116,805 ▼ 5
Delaware $113,050 100 $113,267 ▲ 6
Kentucky $99,140 90 $109,961 ▲ 13
Colorado $113,290 103 $109,935 ▲ 3
Missouri $99,410 91 $109,462 ▲ 9
Ohio $101,190 93 $109,072 ▲ 7
Massachusetts $115,180 106 $108,910 ▼ 3
Minnesota $107,030 99 $108,527 ▲ 2
Washington $115,240 107 $107,688 ▼ 6
Hawaii $117,860 110 $107,193 ▼ 10
New York $114,400 108 $106,003 ▼ 6
Rhode Island $107,490 102 $105,094 ▼ 3
Nebraska $94,540 90 $104,924 ▲ 6
California $116,000 111 $104,769 ▼ 12
Iowa $91,690 88 $104,476 ▲ 8
Nevada $102,650 100 $102,672 ▼ 4
Idaho $97,790 96 $102,404
Alabama $90,800 89 $102,226 ▲ 6
Utah $99,170 99 $100,310 ▼ 4
Georgia $96,060 96 $99,758 ▼ 2
South Carolina $92,700 94 $98,881 ▼ 1
North Carolina $92,130 94 $97,672 ▼ 1
District of Columbia $107,000 110 $97,360 ▼ 12
Wyoming $89,890 93 $96,978 ▲ 1
Pennsylvania $91,870 98 $94,156 ▼ 3
Indiana $84,990 93 $91,065 ▲ 2
Oklahoma $79,950 88 $91,015 ▲ 7
South Dakota $80,130 89 $90,454 ▲ 5
Arkansas $77,520 87 $89,168 ▲ 6
Michigan $84,730 96 $88,061 ▼ 1
Mississippi $76,000 87 $87,404 ▲ 8
Texas $83,660 97 $86,197 ▼ 1
West Virginia $77,040 90 $86,081 ▲ 3
Virginia $86,520 101 $85,575 ▼ 8
Kansas $76,690 90 $85,147 ▲ 3
Vermont $83,270 98 $85,006 ▼ 4
Illinois $83,750 100 $83,785 ▼ 7
Tennessee $76,820 92 $83,618 ▼ 1
Florida $85,610 103 $82,784 ▼ 12
Louisiana $71,330 88 $80,867
Montana $68,160 95 $72,016
New Hampshire $64,270 104 $61,700

How to read this

Nominal pay is the U.S. Bureau of Labor Statistics (BLS) median wage for psychologists 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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