General Internal Medicine Physicians Salary in New Jersey: Cost of Living Adjusted (2024)

What does a General Internal Medicine Physicians salary really buy you in New Jersey?

New Jersey is 8.8% pricier than the US average

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

Nominal Salary

$155,570

Median annual (2024)

→ -8.1%

Real Purchasing Power

$142,987

COL-adjusted (RPP=108.8)

New Jersey Cost of Living Index

New Jersey's Regional Price Parity (RPP) is 108.8, meaning prices are 8.8% higher the national average. A General Internal Medicine Physicians earning $155,570 in New Jersey has the equivalent purchasing power of $142,987 in an average-cost US state.

NJ: 108.8

Cheapest (~85) US Avg (100) Priciest (~115)

Key Insight

While $155,570 sounds high, New Jersey's elevated cost of living erases 8% of that salary's purchasing power. Your real buying power is $142,987. Consider whether the higher pay offsets the higher costs.

Best States for General Internal Medicine Physicians (After Cost of Living)

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

1. West Virginia

$263,408

RPP 89.2

2. Kentucky

$258,657

RPP 89.4

3. Michigan

$243,329

RPP 93.4

4. Illinois

$231,865

RPP 101.3

5. Vermont

$226,350

RPP 101.1

6. Louisiana

$224,878

RPP 90.6

7. Rhode Island

$213,314

RPP 104.7

8. Connecticut

$201,306

RPP 106.4

9. Nebraska

$198,908

RPP 89.8

10. Ohio

$185,781

RPP 91.5

New Jersey ranks #14 out of 15 states for General Internal Medicine Physicians after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a General Internal Medicine Physicians in New Jersey after cost of living?

A General Internal Medicine Physicians in New Jersey earns a median salary of $155,570 per year. After adjusting for New Jersey's cost of living (RPP=108.8), the real purchasing power is $142,987 — a -8.1% difference.

Is New Jersey expensive to live in?

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).

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 General Internal Medicine Physicians in New Jersey: $155,570 x (100 / 108.8) = $142,987. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in New Jersey offset the salary?

Partially — a General Internal Medicine Physicians's nominal salary of $155,570 in New Jersey has 8.1% less purchasing power due to higher living costs. The real value is $142,987. However, New Jersey may offer better career opportunities, networking, and industry access.