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Average Dermatologists Salary in Minnesota

Dermatologists in Minnesota earn a substantial average annual salary of $447,890, significantly exceeding the national average of $350,320. This elevated compensation reflects a combination of specialized demand within the state and the unique economic factors that influence healthcare professional remuneration in the region.

Executive Summary

  • Average Salary: $447,890 per year.
  • Growth Trend: Salaries have shifted 28.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $671,835.
  • Outlook: With a local workforce of 200 Dermatologists and a Location Quotient of 1.06, Minnesota demonstrates a slightly higher concentration of these specialists than the national average. This suggests a stable, albeit not overwhelmingly saturated, job market for dermatological professionals, indicating consistent demand for their expertise within the state.
2024 Market Data

Salary Overview

$447,890

The average Dermatologists in Minnesota earns+27.9%above the national average.

BreakdownBased on 40h/week
Hourly

$215.3

Weekly

$8,613

Monthly

$37,324

Dermatologists Salary Distribution in Minnesota

Salary progression for Dermatologists in Minnesota typically scales significantly with experience. Entry-level positions will command lower figures, while seasoned professionals with extensive experience and a proven track record can expect to earn considerably more, potentially reaching into higher percentile brackets that signify senior-level compensation.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$76,590$36.8
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$335,918$161.5
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$447,886$215.3
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$559,863$269.2
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$671,835$323

Detailed Dermatologists Market Analysis

Relocation Context

Nominal Salary

$447,890

Gross Pay

Real Wage (Purchasing Power)

$474,460

Adjusted for COL (94.4)

The average annual salary of $447,890 in Minnesota presents a strong financial advantage when considering the local Cost of Living Index of 94.4. This index, being below the national average of 100, indicates that the purchasing power of a Dermatologist's salary in Minnesota is likely higher than in many other parts of the country, making it an attractive location financially.

Job Market Context

200

Total Jobs

0.069

Per 1K Jobs

1.06

Location Quotient

Above Average

With a location quotient of 1.06, Minnesota has a slightly higher-than-average concentration of Dermatologists roles compared to the national norm.

A Location Quotient of 1.06 signifies that Dermatologists are slightly more concentrated in Minnesota compared to the national average. This suggests a healthy and competitive market where demand is met by a slightly more abundant supply of specialists, indicating a balanced environment for both employers seeking talent and professionals seeking opportunities.

Nearby Job Markets

Hiring Dermatologistss?

Frequently Asked Questions

How much does a Dermatologists make in Minnesota?

The median annual salary for a Dermatologists in Minnesota is $447,890. This typically ranges from $76,590 for entry-level positions to $671,835 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 27.9% higher than the national median of $350,320.

Is Minnesota a lucrative place for Dermatologists?

Yes, Minnesota is a lucrative place for Dermatologists.Dermatologists in Minnesota earn significantly above the national average, with an average salary of $447,890. Coupled with a cost of living slightly below the national average, this makes the state financially advantageous for these specialists.

Is Minnesota a good place to live for Dermatologists?

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

How does the Minnesota Dermatologist salary compare to the national average?

The average annual salary for Dermatologists in Minnesota is $447,890, which is substantially higher than the national average of $350,320.

What is the concentration of Dermatologists in Minnesota?

Minnesota has a Location Quotient of 1.06 for Dermatologists, indicating a slightly higher concentration of these professionals compared to the national average.

Does the cost of living affect the Dermatologist salary in Minnesota?

Yes, the cost of living in Minnesota is 94.4, which is below the national average. This means the high nominal salary of $447,890 offers strong purchasing power for Dermatologists in the state.

How many Dermatologists are employed in Minnesota?

There are approximately 200 Dermatologists employed within Minnesota, representing a specialized segment of the state's healthcare workforce.

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 Minnesota area with a job density of 0.069 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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