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Average Cardiologists Salary in Michigan

Cardiologists in Michigan earn an average annual salary of $364,070, which is notably below the national average of $435,200. This disparity can be attributed to a combination of factors including the local demand for specialized medical professionals, the overall economic landscape of the state, and the cost of living, which influences compensation benchmarks.

Executive Summary

  • Average Salary: $364,070 per year.
  • Growth Trend: Salaries have shifted 6.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $546,105.
  • Outlook: With a local workforce of 500 Cardiologists and a Location Quotient of 0.97, the job market in Michigan indicates a near-average concentration of these specialists compared to the national level. This suggests a stable, albeit not exceptionally high, demand for cardiovascular expertise within the state's healthcare system, supporting a consistent employment environment for professionals in this field.
2024 Market Data

Salary Overview

$364,070

The average Cardiologists in Michigan earns-16.3%below the national average.

BreakdownBased on 40h/week
Hourly

$175

Weekly

$7,001

Monthly

$30,339

Cardiologists Salary Distribution in Michigan

Salary progression for Cardiologists in Michigan, as elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience and a proven track record can expect to earn substantially more. The percentile gaps between junior and senior roles highlight the clear career progression and earning potential within this specialized medical field.

Experience LevelMarket PercentileAnnual WageHourly 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)$273,053$131.3
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$364,062$175
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$455,088$218.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$546,105$262.6

Detailed Cardiologists Market Analysis

Relocation Context

Nominal Salary

$364,070

Gross Pay

Real Wage (Purchasing Power)

$401,843

Adjusted for COL (90.6)

The average Cardiologist salary of $364,070 in Michigan presents a strong purchasing power, especially when considered against the state's Cost of Living Index of 90.6. This index is below the national average of 100, meaning that the nominal salary can support a higher standard of living and greater disposable income for Cardiologists residing and working in Michigan compared to the national average.

Job Market Context

500

Total Jobs

0.113

Per 1K Jobs

0.97

Location Quotient

Below Average

Michigan has 0.97x the national average concentration of Cardiologists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.97 for Cardiologists in Michigan signifies that the concentration of these professionals in the state is very close to the national average. This suggests a balanced job market where the supply of Cardiologists is generally aligned with the demand, indicating a competitive but accessible environment for both employers seeking talent and professionals looking for opportunities.

Nearby Job Markets

Hiring Cardiologistss?

Frequently Asked Questions

How much does a Cardiologists make in Michigan?

The median annual salary for a Cardiologists in Michigan is $364,070. This typically ranges from $64,350 for entry-level positions to $546,105 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Michigan is 16.3% lower than the national median of $435,200.

Is Michigan a lucrative place for Cardiologists?

Yes, Michigan offers a lucrative environment for Cardiologists, particularly when considering the cost of living.While the average salary is below the national average, the lower cost of living index means the effective purchasing power of a Cardiologist's salary in Michigan is quite strong. This makes the state an attractive option for financial well-being.

Is Michigan a good place to live for Cardiologists?

With a Cost of Living Index of 90.6 (lower than the national average of 100), your salary goes further here.

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

The average annual salary for Cardiologists in Michigan is $364,070, which is lower than the national average of $435,200.

What is the concentration of Cardiologists in Michigan?

Michigan has a Location Quotient of 0.97 for Cardiologists, indicating a concentration very close to the national average.

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

With a Cost of Living Index of 90.6, Michigan is more affordable than the national average, meaning the $364,070 salary provides a higher real income and purchasing power.

What is the total number of Cardiologists in Michigan?

There are approximately 500 Cardiologists working in Michigan, representing 0.113 jobs per 1,000 workers in the state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 500 employees in the Michigan area with a job density of 0.113 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 Michigan