Last updated: 2025 BLS data · Page refreshed:
What does a Psychiatrists salary really buy you in Iowa?
Iowa is 11.6% cheaper than the US averageData: BLS OEWS 2025 + BEA Regional Price Parities 2022 • Updated 2026-05-19
Iowa's Regional Price Parity (RPP) is 88.4, meaning prices are 11.6% lower the national average. A Psychiatrists earning $295,270 in Iowa has the equivalent purchasing power of $334,015 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Iowa's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $77,320 | $87,466 | +$10,146 |
| 25th Percentile (P25) | $151,560 | $171,447 | +$19,887 |
| Median (P50) | $295,270 | $334,015 | +$38,745 |
| 75th Percentile (P75) | $360,900 | $408,257 | +$47,357 |
| 90th Percentile (P90) | $427,810 | $483,947 | +$56,137 |
A Psychiatrists in Iowa earns $295,270 on paper, but low living costs mean your money goes 13% further — like earning $334,015 in an average-cost state. This makes Iowa one of the best value states for this occupation.
Iowa's Regional Price Parity (RPP) of 88.4 means a basket of goods and services costs about 11.6% less than the national average. For a Psychiatrists, every dollar earned effectively buys more here than in a 100-RPP state.
Adjusting $295,270 for Iowa's cost of living yields $334,016 — a 13.1% gain in real purchasing power. This magnitude usually reflects either a materially cheaper or materially pricier metro mix than the national average.
Ranked on COL-adjusted median pay for Psychiatrists, Iowa places #6 of 46 states — top quartile. Either nominal wages run high, cost of living runs low, or both.
Where does Psychiatrists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Iowa ranks #6 out of 46 states for Psychiatrists after cost-of-living adjustment.
How much do you actually take home? See Psychiatrists take-home pay in Iowa after taxes →
A Psychiatrists in Iowa earns a median salary of $295,270 per year. After adjusting for Iowa's cost of living (RPP=88.4), the real purchasing power is $334,015 — a +13.1% difference.
Iowa's cost of living is 11.6% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Iowa is 88.4 (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 Psychiatrists in Iowa: $295,270 x (100 / 88.4) = $334,015. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Psychiatrists in Iowa enjoys 13.1% 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.
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