What does a Psychiatrists salary really buy you in Ohio?
Ohio is 8.5% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-04-02
Ohio's Regional Price Parity (RPP) is 91.5, meaning prices are 8.5% lower the national average. A Psychiatrists earning $221,460 in Ohio has the equivalent purchasing power of $242,032 in an average-cost US state.
A Psychiatrists in Ohio earns $221,460 on paper, but low living costs mean your money goes 9% further — like earning $242,032 in an average-cost state. This makes Ohio 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.
Ohio ranks #3 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 Ohio after taxes →
A Psychiatrists in Ohio earns a median salary of $221,460 per year. After adjusting for Ohio's cost of living (RPP=91.5), the real purchasing power is $242,032 — a +9.3% difference.
Ohio's cost of living is 8.5% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Ohio is 91.5 (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 Ohio: $221,460 x (100 / 91.5) = $242,032. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Psychiatrists in Ohio enjoys 9.3% 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.