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Average Cardiologists Salary in Albuquerque, NM

Cardiologists in Albuquerque, NM, earn an average annual salary of $315,800. This figure is notably lower than the national average of $435,200, suggesting that while demand exists, the local economic factors and cost of living may influence compensation structures. The specific economic landscape of Albuquerque plays a crucial role in shaping these salary expectations for highly specialized medical professionals.

Executive Summary

  • Average Salary: $315,800 per year.
  • Growth Trend: Salaries have shifted 2.2% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $473,700.
  • Outlook: The job market for Cardiologists in Albuquerque presents a concentrated demand, as indicated by a robust Location Quotient of 4.27, significantly exceeding the national benchmark. With a local workforce of 200 professionals and 0.499 jobs per 1,000 workers, the data suggests a strong presence and potentially high demand for these specialized roles within the region, signaling a stable job market.
2024 Market Data

Salary Overview

$315,800

The average Cardiologists in Albuquerque, NM earns-27.4%below the national average.

BreakdownBased on 40h/week
Hourly

$151.8

Weekly

$6,073

Monthly

$26,317

Cardiologists Salary Distribution in Albuquerque, NM

Salary progression for Cardiologists in Albuquerque typically scales significantly with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn substantially more, potentially reaching higher percentiles of the salary distribution. The widening gap between entry-level and senior-level compensation clearly signifies substantial career growth opportunities and rewards for expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$230,100$110.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$236,850$113.9
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$315,806$151.8
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$394,750$189.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$473,700$227.7

Detailed Cardiologists Market Analysis

Relocation Context

Nominal Salary

$315,800

Gross Pay

Real Wage (Purchasing Power)

$315,800

Adjusted for COL (100)

The nominal average salary of $315,800 for Cardiologists in Albuquerque aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Cardiologist's salary in Albuquerque is equivalent to the national average, indicating that the lower nominal salary is balanced by a neutral cost of living, making it a financially stable location.

Job Market Context

200

Total Jobs

0.499

Per 1K Jobs

4.27

Location Quotient

Major Hub

Albuquerque, NM has 4.3x the national concentration of Cardiologists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

Albuquerque's Location Quotient of 4.27 for Cardiologists signifies a highly concentrated market, indicating that the concentration of these professionals is more than four times the national average. This suggests a robust and specialized healthcare sector within the city, potentially leading to a competitive environment for hiring but also signifying a strong regional focus on cardiac care services.

Nearby Job Markets

Hiring Cardiologistss?

Frequently Asked Questions

How much does a Cardiologists make in Albuquerque, NM?

The median annual salary for a Cardiologists in Albuquerque, NM is $315,800. This typically ranges from $230,100 for entry-level positions to $473,700 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Albuquerque, NM is 27.4% lower than the national median of $435,200.

Is Albuquerque, NM a lucrative place for Cardiologists?

Yes, with caveats.While the average salary is below the national average, the high concentration of cardiologists and a cost of living on par with the national average suggest a stable and potentially rewarding career environment.

Is Albuquerque, NM a good place to live for Cardiologists?

The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.

How does Albuquerque's Cardiologist salary compare to the national average?

The average annual salary for Cardiologists in Albuquerque is $315,800, which is lower than the national average of $435,200.

What is the concentration of Cardiologists in Albuquerque?

Albuquerque has a high concentration of Cardiologists, with a Location Quotient of 4.27, significantly above the national average of 1.0.

How does the cost of living in Albuquerque affect a Cardiologist's salary?

Albuquerque's Cost of Living Index is 100, which is the national average. This means the $315,800 salary has purchasing power equivalent to the national average.

What does the job market look like for Cardiologists in Albuquerque?

The job market appears robust, with a strong concentration of professionals (LQ 4.27) and a local workforce of 200, indicating significant demand and specialization in cardiac care.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Albuquerque, NM area with a job density of 0.499 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Cardiologists • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM