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

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

Tennessee is 8.2% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$229,050
Median annual (2024)
+8.9%
Real Purchasing Power
$249,509
COL-adjusted (RPP=91.8)

Tennessee Cost of Living Index

Tennessee's Regional Price Parity (RPP) is 91.8, meaning prices are 8.2% lower the national average. A Family Medicine Physicians earning $229,050 in Tennessee has the equivalent purchasing power of $249,509 in an average-cost US state.

TN: 91.8
Cheapest (~85) US Avg (100) Priciest (~115)
Key Insight

A Family Medicine Physicians in Tennessee earns $229,050 on paper, but low living costs mean your money goes 9% further — like earning $249,509 in an average-cost state. This makes Tennessee one of the best value states for this occupation.

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.

$265,269
RPP 87.3
2. Kansas
$263,555
RPP 90.0
$253,151
RPP 93.6
$249,509
RPP 91.8
$247,113
RPP 88.0
$246,869
RPP 88.8
$241,305
RPP 94.2
8. Ohio
$241,092
RPP 91.5
$240,775
RPP 98.0
10. Missouri
$238,188
RPP 91.1

Tennessee ranks #4 out of 24 states for Family Medicine Physicians after cost-of-living adjustment.

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Frequently Asked Questions

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

A Family Medicine Physicians in Tennessee earns a median salary of $229,050 per year. After adjusting for Tennessee's cost of living (RPP=91.8), the real purchasing power is $249,509 — a +8.9% difference.

Is Tennessee expensive to live in?

Tennessee's cost of living is 8.2% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Tennessee is 91.8 (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 Tennessee: $229,050 x (100 / 91.8) = $249,509. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Family Medicine Physicians in Tennessee financially?

From a purchasing power perspective, yes. A Family Medicine Physicians in Tennessee enjoys 8.9% 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.

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