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School Psychologists Salary in Tennessee: Cost of Living Adjusted (2024)

What does a School Psychologists salary really buy you in Tennessee?

Tennessee is 8.2% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$68,530
Median annual (2024)
+8.9%
Real Purchasing Power
$74,651
COL-adjusted (RPP=91.8)

Tennessee Cost of Living Index

Tennessee's Regional Price Parity (RPP) is 91.8, meaning prices are 8.2% lower the national average. A School Psychologists earning $68,530 in Tennessee has the equivalent purchasing power of $74,651 in an average-cost US state.

TN: 91.8
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Tennessee's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $50,250 $54,738 +$4,488
25th Percentile (P25) $62,250 $67,810 +$5,560
Median (P50) $68,530 $74,651 +$6,121
75th Percentile (P75) $81,530 $88,812 +$7,282
90th Percentile (P90) $89,810 $97,832 +$8,022
Key Insight

A School Psychologists in Tennessee earns $68,530 on paper, but low living costs mean your money goes 9% further — like earning $74,651 in an average-cost state. This makes Tennessee one of the best value states for this occupation.

Best States for School Psychologists (After Cost of Living)

Where does School Psychologists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$110,000
RPP 91.0
$108,563
RPP 102.3
3. Oregon
$106,172
RPP 106.6
$105,164
RPP 112.5
$103,533
RPP 105.0
6. Georgia
$101,054
RPP 95.8
$96,939
RPP 109.8
8. Wyoming
$95,886
RPP 91.9
9. Ohio
$95,005
RPP 91.5
10. New York
$92,295
RPP 107.6

Tennessee ranks #42 out of 49 states for School Psychologists after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a School Psychologists in Tennessee after cost of living?

A School Psychologists in Tennessee earns a median salary of $68,530 per year. After adjusting for Tennessee's cost of living (RPP=91.8), the real purchasing power is $74,651 — a +8.9% difference.

Is Tennessee expensive to live in?

Tennessee's cost of living is 8.2% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Tennessee is 91.8 (US average = 100).

What are Regional Price Parities (RPP)?

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.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a School Psychologists in Tennessee: $68,530 x (100 / 91.8) = $74,651. This represents what the salary would be worth in a state with average living costs.

Is it better to be a School Psychologists in Tennessee financially?

From a purchasing power perspective, yes. A School Psychologists in Tennessee 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.

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