What does a Economists salary really buy you in Arizona?
Arizona is near the US average cost of livingData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Arizona's Regional Price Parity (RPP) is 99.9, meaning prices are 0.1% lower the national average. A Economists earning $96,390 in Arizona has the equivalent purchasing power of $96,486 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Arizona's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $65,000 | $65,065 | +$65 |
| 25th Percentile (P25) | $75,380 | $75,455 | +$75 |
| Median (P50) | $96,390 | $96,486 | +$96 |
| 75th Percentile (P75) | $119,790 | $119,909 | +$119 |
| 90th Percentile (P90) | $127,520 | $127,647 | +$127 |
Arizona's cost of living is close to the national average, so $96,390 keeps most of its value at $96,486 in real terms. Location choice here is more about career opportunities than cost arbitrage.
Where does Economists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Arizona ranks #25 out of 39 states for Economists after cost-of-living adjustment.
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A Economists in Arizona earns a median salary of $96,390 per year. After adjusting for Arizona's cost of living (RPP=99.9), the real purchasing power is $96,486 — a +0.1% difference.
Arizona's cost of living is 0.1% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Arizona is 99.9 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Economists in Arizona: $96,390 x (100 / 99.9) = $96,486. This represents what the salary would be worth in a state with average living costs.