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What does a Family Medicine Physicians salary really buy you in New Jersey?
New Jersey is 8.8% pricier than the US averageData: BLS OEWS 2025 + BEA Regional Price Parities 2022 • Updated 2026-05-19
New Jersey's Regional Price Parity (RPP) is 108.8, meaning prices are 8.8% higher the national average. A Family Medicine Physicians earning $292,170 in New Jersey has the equivalent purchasing power of $268,538 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for New Jersey's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $151,840 | $139,558 | $-12,281 |
| 25th Percentile (P25) | $213,200 | $195,955 | $-17,244 |
| Median (P50) | $292,170 | $268,538 | $-23,631 |
| 75th Percentile (P75) | $386,730 | $355,450 | $-31,279 |
| 90th Percentile (P90) | $403,430 | $370,799 | $-32,630 |
While $292,170 sounds high, New Jersey's elevated cost of living erases 8% of that salary's purchasing power. Your real buying power is $268,538. Consider whether the higher pay offsets the higher costs.
New Jersey's RPP of 108.8 puts it 8.8% above the national baseline cost of living. A Family Medicine Physicians needs that premium in nominal pay just to maintain the same purchasing power as an average-cost state.
After applying New Jersey's RPP, the $292,170 median salary translates to $268,539 in real terms — a 8.1% loss. That difference can cover several months of expenses over a year for a Family Medicine Physicians.
New Jersey sits at #23 of 51 states for Family Medicine Physicians COL-adjusted salary — comfortably above the national midpoint.
Where does Family Medicine Physicians salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
New Jersey ranks #23 out of 51 states for Family Medicine Physicians after cost-of-living adjustment.
How much do you actually take home? See Family Medicine Physicians take-home pay in New Jersey after taxes →
A Family Medicine Physicians in New Jersey earns a median salary of $292,170 per year. After adjusting for New Jersey's cost of living (RPP=108.8), the real purchasing power is $268,538 — a -8.1% difference.
New Jersey's cost of living is 8.8% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for New Jersey is 108.8 (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 New Jersey: $292,170 x (100 / 108.8) = $268,538. This represents what the salary would be worth in a state with average living costs.
Partially — a Family Medicine Physicians's nominal salary of $292,170 in New Jersey has 8.1% less purchasing power due to higher living costs. The real value is $268,538. However, New Jersey may offer better career opportunities, networking, and industry access.
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