What does a Psychiatrists salary really buy you in South Carolina?
South Carolina is 6.4% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
South Carolina's Regional Price Parity (RPP) is 93.6, meaning prices are 6.4% lower the national average. A Psychiatrists earning $135,530 in South Carolina has the equivalent purchasing power of $144,797 in an average-cost US state.
A Psychiatrists in South Carolina earns $135,530 on paper, but low living costs mean your money goes 7% further — like earning $144,797 in an average-cost state. This makes South 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.
South Carolina ranks #13 out of 15 states for Psychiatrists after cost-of-living adjustment.
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A Psychiatrists in South Carolina earns a median salary of $135,530 per year. After adjusting for South Carolina's cost of living (RPP=93.6), the real purchasing power is $144,797 — a +6.8% difference.
South Carolina's cost of living is 6.4% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for South Carolina is 93.6 (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 South Carolina: $135,530 x (100 / 93.6) = $144,797. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Psychiatrists in South Carolina enjoys 6.8% 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.