What does a Psychologist salary really buy you in Louisiana?
Louisiana is 9.4% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Louisiana's Regional Price Parity (RPP) is 90.6, meaning prices are 9.4% lower the national average. A Psychologist earning $67,470 in Louisiana has the equivalent purchasing power of $74,470 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Louisiana's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $45,080 | $49,757 | +$4,677 |
| 25th Percentile (P25) | $63,850 | $70,474 | +$6,624 |
| Median (P50) | $67,470 | $74,470 | +$7,000 |
| 75th Percentile (P75) | $81,940 | $90,441 | +$8,501 |
| 90th Percentile (P90) | $121,770 | $134,403 | +$12,633 |
A Psychologist in Louisiana earns $67,470 on paper, but low living costs mean your money goes 10% further — like earning $74,470 in an average-cost state. This makes Louisiana one of the best value states for this occupation.
Where does Psychologist salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Louisiana ranks #41 out of 45 states for Psychologist after cost-of-living adjustment.
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A Psychologist in Louisiana earns a median salary of $67,470 per year. After adjusting for Louisiana's cost of living (RPP=90.6), the real purchasing power is $74,470 — a +10.4% difference.
Louisiana's cost of living is 9.4% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Louisiana is 90.6 (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 Psychologist in Louisiana: $67,470 x (100 / 90.6) = $74,470. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Psychologist in Louisiana enjoys 10.4% 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.