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What does a Physical Therapists salary really buy you in New Mexico?
New Mexico is 9.0% cheaper than the US averageData: BLS OEWS 2025 + BEA Regional Price Parities 2022 • Updated 2026-05-19
New Mexico's Regional Price Parity (RPP) is 91.0, meaning prices are 9.0% lower the national average. A Physical Therapists earning $106,880 in New Mexico has the equivalent purchasing power of $117,450 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 Mexico's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $77,260 | $84,901 | +$7,641 |
| 25th Percentile (P25) | $89,440 | $98,285 | +$8,845 |
| Median (P50) | $106,880 | $117,450 | +$10,570 |
| 75th Percentile (P75) | $128,110 | $140,780 | +$12,670 |
| 90th Percentile (P90) | $146,400 | $160,879 | +$14,479 |
A Physical Therapists in New Mexico earns $106,880 on paper, but low living costs mean your money goes 10% further — like earning $117,450 in an average-cost state. This makes New Mexico one of the best value states for this occupation.
New Mexico's Regional Price Parity (RPP) of 91.0 means a basket of goods and services costs about 9.0% less than the national average. For a Physical Therapists, every dollar earned effectively buys more here than in a 100-RPP state.
After applying New Mexico's RPP, the $106,880 median salary translates to $117,451 in real terms — a 9.9% gain. That difference can cover several months of expenses over a year for a Physical Therapists.
Ranked on COL-adjusted median pay for Physical Therapists, New Mexico places #1 of 51 states — top quartile. Either nominal wages run high, cost of living runs low, or both.
Where does Physical Therapists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
New Mexico ranks #1 out of 51 states for Physical Therapists after cost-of-living adjustment.
How much do you actually take home? See Physical Therapists take-home pay in New Mexico after taxes →
A Physical Therapists in New Mexico earns a median salary of $106,880 per year. After adjusting for New Mexico's cost of living (RPP=91.0), the real purchasing power is $117,450 — a +9.9% difference.
New Mexico's cost of living is 9.0% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for New Mexico is 91.0 (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 Physical Therapists in New Mexico: $106,880 x (100 / 91.0) = $117,450. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Physical Therapists in New Mexico enjoys 9.9% 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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