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Physicists Salary in Illinois: Cost of Living Adjusted (2024)

What does a Physicists salary really buy you in Illinois?

Illinois is near the US average cost of living

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

Nominal Salary
$131,260
Median annual (2024)
-1.3%
Real Purchasing Power
$129,575
COL-adjusted (RPP=101.3)

Illinois Cost of Living Index

Illinois's Regional Price Parity (RPP) is 101.3, meaning prices are 1.3% higher the national average. A Physicists earning $131,260 in Illinois has the equivalent purchasing power of $129,575 in an average-cost US state.

IL: 101.3
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Illinois's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $78,410 $77,403 $-1,006
25th Percentile (P25) $78,590 $77,581 $-1,008
Median (P50) $131,260 $129,575 $-1,684
75th Percentile (P75) $167,280 $165,133 $-2,146
90th Percentile (P90) $207,880 $205,212 $-2,667
Key Insight

Illinois's cost of living is close to the national average, so $131,260 keeps most of its value at $129,575 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Physicists (After Cost of Living)

Where does Physicists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$227,789
RPP 97.7
$216,704
RPP 96.2
3. Florida
$204,720
RPP 102.1
$198,079
RPP 91.1
$193,362
RPP 91.0
6. Arizona
$191,151
RPP 99.9
$189,172
RPP 91.8
$188,657
RPP 89.4
$188,526
RPP 92.3
$181,199
RPP 94.2

Illinois ranks #31 out of 39 states for Physicists after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Physicists in Illinois after cost of living?

A Physicists in Illinois earns a median salary of $131,260 per year. After adjusting for Illinois's cost of living (RPP=101.3), the real purchasing power is $129,575 — a -1.3% difference.

Is Illinois expensive to live in?

Illinois's cost of living is 1.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Illinois is 101.3 (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 Physicists in Illinois: $131,260 x (100 / 101.3) = $129,575. This represents what the salary would be worth in a state with average living costs.

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