What does a Psychiatrists salary really buy you in Kentucky?
Kentucky is 10.6% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Kentucky's Regional Price Parity (RPP) is 89.4, meaning prices are 10.6% lower the national average. A Psychiatrists earning $229,630 in Kentucky has the equivalent purchasing power of $256,856 in an average-cost US state.
A Psychiatrists in Kentucky earns $229,630 on paper, but low living costs mean your money goes 12% further — like earning $256,856 in an average-cost state. This makes Kentucky one of the best value states for this occupation.
Where does Psychiatrists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Kentucky ranks #1 out of 15 states for Psychiatrists after cost-of-living adjustment.
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A Psychiatrists in Kentucky earns a median salary of $229,630 per year. After adjusting for Kentucky's cost of living (RPP=89.4), the real purchasing power is $256,856 — a +11.9% difference.
Kentucky's cost of living is 10.6% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Kentucky is 89.4 (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 Kentucky: $229,630 x (100 / 89.4) = $256,856. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Psychiatrists in Kentucky enjoys 11.9% 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.