Psychiatrists Salary in Hawaii: Cost of Living Adjusted (2024)

What does a Psychiatrists salary really buy you in Hawaii?

Hawaii is 10.8% pricier than the US average

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

Nominal Salary

$203,440

Median annual (2024)

→ -9.7%

Real Purchasing Power

$183,610

COL-adjusted (RPP=110.8)

Hawaii Cost of Living Index

Hawaii's Regional Price Parity (RPP) is 110.8, meaning prices are 10.8% higher the national average. A Psychiatrists earning $203,440 in Hawaii has the equivalent purchasing power of $183,610 in an average-cost US state.

HI: 110.8

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

Key Insight

While $203,440 sounds high, Hawaii's elevated cost of living erases 10% of that salary's purchasing power. Your real buying power is $183,610. Consider whether the higher pay offsets the higher costs.

Best States for Psychiatrists (After Cost of Living)

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

1. Kentucky

$256,856

RPP 89.4

2. Nebraska

$255,278

RPP 89.8

3. Delaware

$241,571

RPP 98.0

4. Georgia

$239,237

RPP 95.8

5. Arkansas

$225,669

RPP 86.6

6. Mississippi

$223,608

RPP 87.3

7. New York

$212,434

RPP 107.6

8. Nevada

$210,435

RPP 96.4

9. Massachusetts

$202,157

RPP 109.4

10. New Hampshire

$196,440

RPP 107.6

Hawaii ranks #11 out of 15 states for Psychiatrists after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Psychiatrists in Hawaii after cost of living?

A Psychiatrists in Hawaii earns a median salary of $203,440 per year. After adjusting for Hawaii's cost of living (RPP=110.8), the real purchasing power is $183,610 — a -9.7% difference.

Is Hawaii expensive to live in?

Hawaii's cost of living is 10.8% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Hawaii is 110.8 (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 Psychiatrists in Hawaii: $203,440 x (100 / 110.8) = $183,610. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Hawaii offset the salary?

Partially — a Psychiatrists's nominal salary of $203,440 in Hawaii has 9.7% less purchasing power due to higher living costs. The real value is $183,610. However, Hawaii may offer better career opportunities, networking, and industry access.