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Average Cardiologists Salary in New York-Newark-Jersey City, NY-NJ

Cardiologists in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an average annual salary of $389,860. This figure is notably below the national average of $435,200, suggesting a complex interplay of local market dynamics and demand. Factors such as the concentration of specialists and the overall healthcare infrastructure likely contribute to this localized compensation.

Executive Summary

  • Average Salary: $389,860 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $584,790.
  • Outlook: The New York-Newark-Jersey City, NY-NJ area supports a robust workforce of 2,820 Cardiologists. With a Location Quotient of 2.58, this region demonstrates a significantly higher concentration of these specialists compared to the national average, indicating a strong and established presence within the local healthcare ecosystem.
2024 Market Data

Salary Overview

$389,860

The average Cardiologists in New York-Newark-Jersey City, NY-NJ earns-10.4%below the national average.

BreakdownBased on 40h/week
Hourly

$187.4

Weekly

$7,497

Monthly

$32,488

Cardiologists Salary Distribution in New York-Newark-Jersey City, NY-NJ

Salary progression for Cardiologists in this region, as in most areas, is strongly tied to experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and a proven track record can expect to earn significantly more. The gap between the lower and upper percentiles of earnings highlights the substantial career advancement and earning potential available.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$103,110$49.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$292,395$140.6
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$389,854$187.4
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$487,325$234.3
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$584,790$281.1

Detailed Cardiologists Market Analysis

Relocation Context

Nominal Salary

$389,860

Gross Pay

Real Wage (Purchasing Power)

$389,860

Adjusted for COL (100)

The average annual salary for Cardiologists in New York-Newark-Jersey City, NY-NJ stands at $389,860. This nominal salary is directly comparable to the national average cost of living index of 100, meaning that the purchasing power of a Cardiologist's salary in this region is effectively on par with the national average.

Job Market Context

2,820

Total Jobs

0.302

Per 1K Jobs

2.58

Location Quotient

Major Hub

New York-Newark-Jersey City, NY-NJ has 2.6x 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.

The Location Quotient of 2.58 for Cardiologists in New York-Newark-Jersey City, NY-NJ signifies a market with a substantial concentration of these professionals, more than double the national average. This indicates a highly competitive environment for new entrants but also a rich network and potential for collaboration among established practitioners.

Nearby Job Markets

Hiring Cardiologistss?

Frequently Asked Questions

How much does a Cardiologists make in New York-Newark-Jersey City, NY-NJ?

The median annual salary for a Cardiologists in New York-Newark-Jersey City, NY-NJ is $389,860. This typically ranges from $103,110 for entry-level positions to $584,790 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York-Newark-Jersey City, NY-NJ is 10.4% lower than the national median of $435,200.

Is New York-Newark-Jersey City, NY-NJ a lucrative place for Cardiologists?

Yes, with caveats.While the average salary is below the national average, the high concentration of specialists and a cost of living matching the national average suggest a stable and significant earning potential for experienced professionals.

Is New York-Newark-Jersey City, NY-NJ a good place to live for Cardiologists?

The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.

How does the local salary compare to the national average?

The average annual salary for Cardiologists in New York-Newark-Jersey City, NY-NJ is $389,860, which is lower than the national average of $435,200.

What is the concentration of Cardiologists in this area?

The concentration, measured by the Location Quotient, is 2.58, indicating that Cardiologists are more than twice as prevalent in this region compared to the national average.

How does the cost of living affect the Cardiologist salary?

The cost of living in New York-Newark-Jersey City, NY-NJ is at the national average (index of 100), meaning the $389,860 salary has the same purchasing power as the national average salary.

What does the total local workforce number signify?

A total local workforce of 2,820 Cardiologists indicates a substantial and established presence of these medical professionals within the region's healthcare system.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,820 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.302 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in New York-Newark-Jersey City, NY-NJ

Semantic Salary Analysis for Cardiologists • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ