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

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

New York is 7.6% pricier than the US average

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

Nominal Salary

$173,340

Median annual (2024)

→ -7.1%

Real Purchasing Power

$161,096

COL-adjusted (RPP=107.6)

New York Cost of Living Index

New York's Regional Price Parity (RPP) is 107.6, meaning prices are 7.6% higher the national average. A General Internal Medicine Physicians earning $173,340 in New York has the equivalent purchasing power of $161,096 in an average-cost US state.

NY: 107.6

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

Key Insight

While $173,340 sounds high, New York's elevated cost of living erases 7% of that salary's purchasing power. Your real buying power is $161,096. 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 York ranks #11 out of 15 states for General Internal Medicine Physicians after cost-of-living adjustment.

What To Do Next

Build a Professional Resume

Stand out to employers with a polished, ATS-friendly resume.

Upgrade Your Skills

Take courses from top universities and companies to boost your career.

Learn New Skills

Affordable courses in tech, business, and professional development.

Grow Your Career

Expert-led courses plus LinkedIn profile integration.

Some links are affiliate links. See our disclosure.

Frequently Asked Questions

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

A General Internal Medicine Physicians in New York earns a median salary of $173,340 per year. After adjusting for New York's cost of living (RPP=107.6), the real purchasing power is $161,096 — a -7.1% difference.

Is New York expensive to live in?

New York's cost of living is 7.6% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for New York is 107.6 (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 York: $173,340 x (100 / 107.6) = $161,096. This represents what the salary would be worth in a state with average living costs.

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

Partially — a General Internal Medicine Physicians's nominal salary of $173,340 in New York has 7.1% less purchasing power due to higher living costs. The real value is $161,096. However, New York may offer better career opportunities, networking, and industry access.