Average Cardiologists Salary in Detroit-Warren-Dearborn, MI
Cardiologists in the Detroit-Warren-Dearborn, MI area earn an average annual salary of $294,830. This figure is notably below the national average of $435,200, suggesting local market dynamics and potentially a different supply-demand equilibrium influence compensation. Factors such as the specific healthcare needs of the region and the competitive landscape among healthcare providers likely shape these localized pay rates.
Executive Summary
- Average Salary: $294,830 per year.
- Growth Trend: Salaries have shifted 14.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $442,245.
- Outlook: The Detroit-Warren-Dearborn metropolitan area supports a concentrated workforce of 260 Cardiologists, indicated by a Location Quotient of 1.16. This suggests a slightly higher concentration of these specialists compared to the national average, implying a stable, albeit not rapidly expanding, demand for their services within the region. The presence of a dedicated local workforce points to established healthcare infrastructure capable of supporting these roles.
Salary Overview
The average Cardiologists in Detroit-Warren-Dearborn, MI earns-32.3%below the national average.
$141.8
$5,670
$24,569
Cardiologists Salary Trends (2020-2024)
While specific historical data for this localized segment is not provided, it is reasonable to assume that Cardiologist salaries in Detroit-Warren-Dearborn have experienced gradual growth over the past four years, mirroring national trends. Economic factors, advancements in cardiac care, and increasing healthcare demands typically drive incremental salary increases for specialized medical professionals.
Cardiologists Salary Distribution in Detroit-Warren-Dearborn, MI
Salary progression for Cardiologists in Detroit-Warren-Dearborn typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth and increased earning potential throughout a Cardiologist's career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $64,350 | $30.9 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $221,123 | $106.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $294,840 | $141.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $368,538 | $177.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $442,245 | $212.6 |
Detailed Cardiologists Market Analysis
Relocation Context
Nominal Salary
$294,830
Gross Pay
Real Wage (Purchasing Power)
$294,830
Adjusted for COL (100)
The average annual salary of $294,830 for Cardiologists in Detroit-Warren-Dearborn aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Cardiologist's salary in this region is equivalent to the national average, offering a stable financial environment without the added pressure of significantly higher or lower living expenses.
Job Market Context
260
Total Jobs
0.136
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Detroit-Warren-Dearborn, MI has a slightly higher-than-average concentration of Cardiologists roles compared to the national norm.
With a Location Quotient of 1.16, the Detroit-Warren-Dearborn area exhibits a slightly higher concentration of Cardiologists than the national average. This indicates a healthy, established market for cardiac care specialists, suggesting that while demand exists, the supply is also relatively robust. It presents a competitive but accessible environment for both existing practitioners and those considering relocation.
Nearby Job Markets
Hiring Cardiologistss?
Frequently Asked Questions
How much does a Cardiologists make in Detroit-Warren-Dearborn, MI?
The median annual salary for a Cardiologists in Detroit-Warren-Dearborn, MI is $294,830. This typically ranges from $64,350 for entry-level positions to $442,245 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Detroit-Warren-Dearborn, MI is 32.3% lower than the national median of $435,200.
Is Detroit-Warren-Dearborn, MI a lucrative place for Cardiologists?
Moderately lucrative, with a strong cost of living advantage.While the average salary of $294,830 is below the national average, the cost of living being at the national average means your earnings hold their value. This offers a stable financial footing for Cardiologists in the region.
Is Detroit-Warren-Dearborn, MI a good place to live for Cardiologists?
The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100. While higher than average, this often correlates with higher wages.
How does the Detroit Cardiologist salary compare to the national average?
Cardiologists in Detroit-Warren-Dearborn earn an average of $294,830 annually, which is significantly lower than the national average of $435,200.
What is the concentration of Cardiologists in Detroit-Warren-Dearborn?
The Detroit-Warren-Dearborn area has a Location Quotient of 1.16 for Cardiologists, indicating a slightly higher concentration of these specialists compared to the national average.
Does experience impact a Cardiologist's salary in Detroit?
Yes, experience plays a crucial role, with senior Cardiologists commanding higher salaries than entry-level practitioners, reflecting significant career progression and earning potential.
What is the cost of living in Detroit-Warren-Dearborn compared to the national average?
The cost of living in Detroit-Warren-Dearborn is exactly at the national average, with an index of 100, meaning your salary's purchasing power is comparable to the national standard.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Detroit-Warren-Dearborn, MI area with a job density of 0.136 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Cardiologists • Data source: BLS OEWS 2024 •Jobs in Detroit-Warren-Dearborn, MI