What does a Psychiatrists salary really buy you in North Carolina?
North Carolina is 5.8% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-04-02
North Carolina's Regional Price Parity (RPP) is 94.2, meaning prices are 5.8% lower the national average. A Psychiatrists earning $216,000 in North Carolina has the equivalent purchasing power of $229,299 in an average-cost US state.
A Psychiatrists in North Carolina earns $216,000 on paper, but low living costs mean your money goes 6% further — like earning $229,299 in an average-cost state. This makes North Carolina 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.
North Carolina ranks #6 out of 22 states for Psychiatrists after cost-of-living adjustment.
Some links are affiliate links. See our disclosure.
How much do you actually take home? See Psychiatrists take-home pay in North Carolina after taxes →
A Psychiatrists in North Carolina earns a median salary of $216,000 per year. After adjusting for North Carolina's cost of living (RPP=94.2), the real purchasing power is $229,299 — a +6.2% difference.
North Carolina's cost of living is 5.8% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for North Carolina is 94.2 (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 North Carolina: $216,000 x (100 / 94.2) = $229,299. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Psychiatrists in North Carolina enjoys 6.2% 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.