1995 Salaries in Psychology - Table 16b

1995 Median Salaries Adjusted For Cost of
Living in Selected Metropolitan Areas
 
Metropolitan Area Cost of Living Index Faculty Independent Practice
Median Adjusted N Size Median Adjusted N Size
  Salary Salary Salary Salary
Atlanta 99.7 49,091 49,239 15 109,000 109,328 15
Boston 139.2 50,000 35,920 21 80,000 57,471 20
Chicago 107.2 43,000 40,112 23 80,000 74,627 18
Denver 104.3 45,000 43,145 14 53,000 50,815 15
Houston 95.6 39,136 40,937 36 69,500 72,699 54
Los Angeles 117.9 53,182 45,108 13 80,000 67,854 11
Minneapolis/St. Paul 98.6 57,273 58,086 25 50,000 50,710 20
New York City 221.1 58,500 26,459 22 81,500 36,861 18
Philadelphia 128.6 49,000 38,103 11 65,500 50,933 12
Raleigh-Durham 97.4 47,000 48,255 16 68,000 69,815 25

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.