What does a Family Medicine Physicians salary really buy you in Minnesota?
Minnesota is 2.3% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-04-02
Minnesota's Regional Price Parity (RPP) is 97.7, meaning prices are 2.3% lower the national average. A Family Medicine Physicians earning $232,760 in Minnesota has the equivalent purchasing power of $238,239 in an average-cost US state.
Minnesota's cost of living is close to the national average, so $232,760 keeps most of its value at $238,239 in real terms. Location choice here is more about career opportunities than cost arbitrage.
Where does Family Medicine Physicians salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Minnesota ranks #13 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 Minnesota after taxes →
A Family Medicine Physicians in Minnesota earns a median salary of $232,760 per year. After adjusting for Minnesota's cost of living (RPP=97.7), the real purchasing power is $238,239 — a +2.4% difference.
Minnesota's cost of living is 2.3% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Minnesota is 97.7 (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 Family Medicine Physicians in Minnesota: $232,760 x (100 / 97.7) = $238,239. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Family Medicine Physicians in Minnesota enjoys 2.4% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.