What does a School Psychologists salary really buy you in Indiana?
Indiana is 8.2% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Indiana's Regional Price Parity (RPP) is 91.8, meaning prices are 8.2% lower the national average. A School Psychologists earning $74,760 in Indiana has the equivalent purchasing power of $81,437 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Indiana's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $52,890 | $57,614 | +$4,724 |
| 25th Percentile (P25) | $65,300 | $71,132 | +$5,832 |
| Median (P50) | $74,760 | $81,437 | +$6,677 |
| 75th Percentile (P75) | $83,680 | $91,154 | +$7,474 |
| 90th Percentile (P90) | $102,780 | $111,960 | +$9,180 |
A School Psychologists in Indiana earns $74,760 on paper, but low living costs mean your money goes 9% further — like earning $81,437 in an average-cost state. This makes Indiana one of the best value states for this occupation.
Where does School Psychologists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Indiana ranks #27 out of 49 states for School Psychologists after cost-of-living adjustment.
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A School Psychologists in Indiana earns a median salary of $74,760 per year. After adjusting for Indiana's cost of living (RPP=91.8), the real purchasing power is $81,437 — a +8.9% difference.
Indiana's cost of living is 8.2% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Indiana is 91.8 (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 School Psychologists in Indiana: $74,760 x (100 / 91.8) = $81,437. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A School Psychologists in Indiana enjoys 8.9% 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.