Family Medicine Physicians Salary in Colorado: Cost of Living Adjusted (2024)

What does a Family Medicine Physicians salary really buy you in Colorado?

Colorado is 2.3% pricier than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-04-02

Nominal Salary
$234,220
Median annual (2024)
-2.2%
Real Purchasing Power
$228,954
COL-adjusted (RPP=102.3)

Colorado Cost of Living Index

Colorado's Regional Price Parity (RPP) is 102.3, meaning prices are 2.3% higher the national average. A Family Medicine Physicians earning $234,220 in Colorado has the equivalent purchasing power of $228,954 in an average-cost US state.

CO: 102.3
Cheapest (~85) US Avg (100) Priciest (~115)
Key Insight

Colorado's cost of living is close to the national average, so $234,220 keeps most of its value at $228,954 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Family Medicine Physicians (After Cost of Living)

Where does Family Medicine Physicians salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$257,432
RPP 88.8
2. Kansas
$253,377
RPP 90.0
$249,439
RPP 91.0
4. Alabama
$247,346
RPP 87.8
5. Utah
$246,740
RPP 94.5
6. Indiana
$246,078
RPP 91.8
$245,636
RPP 88.0
8. Georgia
$245,302
RPP 95.8
$243,757
RPP 94.2
10. Tennessee
$241,928
RPP 91.8

Colorado ranks #16 out of 32 states for Family Medicine Physicians after cost-of-living adjustment.

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How much do you actually take home? See Family Medicine Physicians take-home pay in Colorado after taxes →

Frequently Asked Questions

What is the real salary for a Family Medicine Physicians in Colorado after cost of living?

A Family Medicine Physicians in Colorado earns a median salary of $234,220 per year. After adjusting for Colorado's cost of living (RPP=102.3), the real purchasing power is $228,954 — a -2.2% difference.

Is Colorado expensive to live in?

Colorado's cost of living is 2.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Colorado is 102.3 (US average = 100).

What are Regional Price Parities (RPP)?

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.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Family Medicine Physicians in Colorado: $234,220 x (100 / 102.3) = $228,954. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Colorado offset the salary?

Partially — a Family Medicine Physicians's nominal salary of $234,220 in Colorado has 2.2% less purchasing power due to higher living costs. The real value is $228,954. However, Colorado may offer better career opportunities, networking, and industry access.

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