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Average Anesthesiologists Salary in Chicago-Naperville-Elgin, IL-IN

Anesthesiologists in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $314,070. This figure is slightly below the national average of $338,880, suggesting a competitive but not peak compensation landscape. Local market dynamics, including demand and the concentration of healthcare facilities, likely influence this specific pay scale.

Executive Summary

  • Average Salary: $314,070 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $471,105.
  • Outlook: The Anesthesiologist job market in Chicago-Naperville-Elgin, IL-IN appears stable, with a local workforce of 1,020 professionals. The Location Quotient of 0.84 indicates a slightly lower concentration of Anesthesiologists compared to the national average, suggesting a balanced demand that is not oversaturated but also not experiencing exceptionally high demand relative to other professions.
2024 Market Data

Salary Overview

$314,070

The average Anesthesiologists in Chicago-Naperville-Elgin, IL-IN earns-7.3%below the national average.

BreakdownBased on 40h/week
Hourly

$151

Weekly

$6,040

Monthly

$26,173

Anesthesiologists Salary Distribution in Chicago-Naperville-Elgin, IL-IN

Salary progression for Anesthesiologists in Chicago-Naperville-Elgin, IL-IN typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn considerably more, potentially reaching well into the upper percentiles. The gap between lower and higher salary percentiles signifies substantial career growth and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$77,840$37.4
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$235,553$113.2
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$314,080$151
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$392,588$188.7
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$471,105$226.5

Detailed Anesthesiologists Market Analysis

Relocation Context

Nominal Salary

$314,070

Gross Pay

Real Wage (Purchasing Power)

$314,070

Adjusted for COL (100)

The nominal average annual salary of $314,070 in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Anesthesiologist's salary in this region is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.

Job Market Context

1,020

Total Jobs

0.228

Per 1K Jobs

0.84

Location Quotient

Below Average

Chicago-Naperville-Elgin, IL-IN has 0.84x the national average concentration of Anesthesiologists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

With a Location Quotient of 0.84, the Chicago-Naperville-Elgin, IL-IN area has a slightly lower concentration of Anesthesiologists than the national average. This suggests that while the profession is well-established, the market is not overly saturated, potentially offering good opportunities for skilled professionals without the intense competition found in areas with higher quotients.

Nearby Job Markets

Hiring Anesthesiologistss?

Frequently Asked Questions

How much does a Anesthesiologists make in Chicago-Naperville-Elgin, IL-IN?

The median annual salary for a Anesthesiologists in Chicago-Naperville-Elgin, IL-IN is $314,070. This typically ranges from $77,840 for entry-level positions to $471,105 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 7.3% lower than the national median of $338,880.

Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Anesthesiologists?

Yes, it offers a lucrative opportunity.Anesthesiologists in this region earn a substantial $314,070 annually, which aligns with the national average cost of living. While slightly below the national salary average, the stable job market and strong earning potential make it an attractive location.

Is Chicago-Naperville-Elgin, IL-IN a good place to live for Anesthesiologists?

The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.

How does the Chicago Anesthesiologist salary compare to the national average?

The average annual salary for Anesthesiologists in Chicago-Naperville-Elgin, IL-IN is $314,070, which is slightly lower than the national average of $338,880.

What is the cost of living for Anesthesiologists in Chicago?

The cost of living in Chicago-Naperville-Elgin, IL-IN is exactly at the national average (100), meaning your $314,070 salary has average purchasing power.

How many Anesthesiologists work in the Chicago area?

There are approximately 1,020 Anesthesiologists employed within the Chicago-Naperville-Elgin, IL-IN metropolitan area.

Is the Anesthesiologist job market in Chicago competitive?

With a Location Quotient of 0.84, the market is slightly less concentrated than the national average, suggesting a balanced level of competition and opportunity for Anesthesiologists.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,020 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.228 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Chicago-Naperville-Elgin, IL-IN

Semantic Salary Analysis for Anesthesiologists • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN