What does a Psychologists, All Other 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 Psychologists, All Other earning $113,620 in Louisiana has the equivalent purchasing power of $125,408 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) | $35,900 | $39,624 | +$3,724 |
| 25th Percentile (P25) | $66,070 | $72,924 | +$6,854 |
| Median (P50) | $113,620 | $125,408 | +$11,788 |
| 75th Percentile (P75) | $145,000 | $160,044 | +$15,044 |
| 90th Percentile (P90) | $166,970 | $184,293 | +$17,323 |
A Psychologists, All Other in Louisiana earns $113,620 on paper, but low living costs mean your money goes 10% further — like earning $125,408 in an average-cost state. This makes Louisiana one of the best value states for this occupation.
Where does Psychologists, All Other salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Louisiana ranks #21 out of 43 states for Psychologists, All Other after cost-of-living adjustment.
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A Psychologists, All Other in Louisiana earns a median salary of $113,620 per year. After adjusting for Louisiana's cost of living (RPP=90.6), the real purchasing power is $125,408 — 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 Psychologists, All Other in Louisiana: $113,620 x (100 / 90.6) = $125,408. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Psychologists, All Other 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.