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Average Anesthesiologists Salary in Minnesota

Anesthesiologists in Minnesota earn a substantial average annual salary of $465,340, significantly outpacing the national average of $338,880. This elevated compensation is driven by a combination of specialized skill requirements, the critical nature of the role in healthcare, and potentially higher demand within the state's healthcare infrastructure.

Executive Summary

  • Average Salary: $465,340 per year.
  • Growth Trend: Salaries have shifted 18.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $698,010.
  • Outlook: Minnesota presents a robust job market for Anesthesiologists, evidenced by a total local workforce of 970 professionals. The Location Quotient of 1.22 indicates a concentration of these specialists that is 22% higher than the national average, suggesting a healthy and potentially growing demand for their services within the state.
2024 Market Data

Salary Overview

$465,340

The average Anesthesiologists in Minnesota earns+37.3%above the national average.

BreakdownBased on 40h/week
Hourly

$223.7

Weekly

$8,949

Monthly

$38,778

Anesthesiologists Salary Distribution in Minnesota

The career progression for Anesthesiologists typically involves a significant salary increase with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized expertise can expect to earn considerably more, potentially reaching higher percentiles of the salary distribution. The widening gap between entry-level and senior roles signifies substantial career advancement opportunities and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$87,380$42
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$349,005$167.8
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$465,338$223.7
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$581,675$279.7
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$698,010$335.6

Detailed Anesthesiologists Market Analysis

Relocation Context

Nominal Salary

$465,340

Gross Pay

Real Wage (Purchasing Power)

$492,945

Adjusted for COL (94.4)

The nominal average annual salary of $465,340 in Minnesota offers considerable purchasing power, especially when considering the local Cost of Living Index of 94.4. This index is slightly below the national average (100), meaning that the high earnings of Anesthesiologists in Minnesota translate to a strong real income and a comfortable lifestyle relative to the rest of the country.

Job Market Context

970

Total Jobs

0.332

Per 1K Jobs

1.22

Location Quotient

Above Average

With a location quotient of 1.22, Minnesota has a slightly higher-than-average concentration of Anesthesiologists roles compared to the national norm.

With a Location Quotient of 1.22, Minnesota demonstrates a notable concentration of Anesthesiologists compared to the national average. This suggests that the job market is relatively robust and that there is a consistent demand for these specialized professionals, making it a potentially competitive yet rewarding environment for both new entrants and experienced practitioners.

Nearby Job Markets

Nearby Cities for Anesthesiologists

CitySalaryDist.
St. Cloud, MN Anesthesiologists Salary$408,440↓ 12%17 mi

Comparing salaries near Minnesota

Hiring Anesthesiologistss?

Frequently Asked Questions

How much does a Anesthesiologists make in Minnesota?

The median annual salary for a Anesthesiologists in Minnesota is $465,340. This typically ranges from $87,380 for entry-level positions to $698,010 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 37.3% higher than the national median of $338,880.

Is Minnesota a lucrative place for Anesthesiologists?

Yes, Minnesota is a highly lucrative state for Anesthesiologists.The average annual salary of $465,340 significantly exceeds the national average, and the cost of living is slightly below the national average, enhancing real income.

Is Minnesota a good place to live for Anesthesiologists?

With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Minnesota?

Some top paying nearby cities include St. Cloud, MN ($408,440) and others.

How does the Anesthesiologist salary in Minnesota compare to the national average?

Anesthesiologists in Minnesota earn an average of $465,340 annually, which is substantially higher than the national average of $338,880.

What is the concentration of Anesthesiologists in Minnesota?

Minnesota has a Location Quotient of 1.22 for Anesthesiologists, indicating a concentration that is 22% higher than the national average.

How does the cost of living in Minnesota affect Anesthesiologist earnings?

With a Cost of Living Index of 94.4, Minnesota is slightly more affordable than the national average, meaning the high salary of $465,340 provides excellent purchasing power.

What does the number of Anesthesiologists in Minnesota suggest about job opportunities?

The presence of 970 Anesthesiologists and a Location Quotient above 1 suggests a strong and stable job market with consistent demand for these medical professionals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 970 employees in the Minnesota area with a job density of 0.332 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Anesthesiologists • Data source: BLS OEWS 2024 •Jobs in Minnesota