Physicians, All Other Salary in Michigan: Cost of Living Adjusted (2024)

What does a Physicians, All Other salary really buy you in Michigan?

Michigan is 6.6% cheaper than the US average

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

Nominal Salary

$197,950

Median annual (2024)

→ +7.1%

Real Purchasing Power

$211,937

COL-adjusted (RPP=93.4)

Michigan Cost of Living Index

Michigan's Regional Price Parity (RPP) is 93.4, meaning prices are 6.6% lower the national average. A Physicians, All Other earning $197,950 in Michigan has the equivalent purchasing power of $211,937 in an average-cost US state.

MI: 93.4

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

Key Insight

A Physicians, All Other in Michigan earns $197,950 on paper, but low living costs mean your money goes 7% further — like earning $211,937 in an average-cost state. This makes Michigan one of the best value states for this occupation.

Best States for Physicians, All Other (After Cost of Living)

Where does Physicians, All Other salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. West Virginia

$256,367

RPP 89.2

2. Ohio

$252,786

RPP 91.5

3. North Carolina

$251,560

RPP 94.2

4. Utah

$246,285

RPP 94.5

5. Delaware

$236,918

RPP 98.0

6. Arizona

$223,903

RPP 99.9

7. New York

$220,920

RPP 107.6

8. New Jersey

$219,549

RPP 108.8

9. Rhode Island

$219,044

RPP 104.7

10. Illinois

$216,071

RPP 101.3

Michigan ranks #12 out of 17 states for Physicians, All Other after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Physicians, All Other in Michigan after cost of living?

A Physicians, All Other in Michigan earns a median salary of $197,950 per year. After adjusting for Michigan's cost of living (RPP=93.4), the real purchasing power is $211,937 — a +7.1% difference.

Is Michigan expensive to live in?

Michigan's cost of living is 6.6% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Michigan is 93.4 (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 Physicians, All Other in Michigan: $197,950 x (100 / 93.4) = $211,937. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Physicians, All Other in Michigan financially?

From a purchasing power perspective, yes. A Physicians, All Other in Michigan enjoys 7.1% 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.