1995 Salaries in Psychology - Table 16b

1995 Median Salaries Adjusted For Cost of
Living in Selected Metropolitan Areas
 
Metropolitan AreaCost of Living IndexFacultyIndependent Practice
MedianAdjustedN SizeMedianAdjustedN Size
 SalarySalarySalarySalary
Atlanta99.749,09149,23915109,000109,32815
Boston139.250,00035,9202180,00057,47120
Chicago107.243,00040,1122380,00074,62718
Denver104.345,00043,1451453,00050,81515
Houston95.639,13640,9373669,50072,69954
Los Angeles117.953,18245,1081380,00067,85411
Minneapolis/St. Paul98.657,27358,0862550,00050,71020
New York City221.158,50026,4592281,50036,86118
Philadelphia128.649,00038,1031165,50050,93312
Raleigh-Durham97.447,00048,2551668,00069,81525

Source: 1995 Salaries in Psychology. American Psychological Association.
Note: Salaries for faculty are reported on a 9-10 month basis while those for independent practice are reported for an 11-12 month period. Conversion from a 9-10 month to 11-12 month period can be accomplished by multiplying by 11/9. Converting from 11-12 month salaries to 9-10 month salaries can be accomplished by multiplying by 9/11.

Adjusted salaries are the result of dividing the median salaries by the cost of living index.