Average Family Medicine Physicians Salary in Albuquerque, NM
Family Medicine Physicians in Albuquerque, NM, earn an average annual salary of $247,760. This figure is slightly below the national average of $259,840, a common occurrence in metropolitan areas with a balanced supply and demand for specialized medical professionals. Local economic factors and the specific healthcare needs of the Albuquerque community contribute to this compensation level.
Executive Summary
- Average Salary: $247,760 per year.
- Growth Trend: Salaries have shifted 43.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $371,640.
- Outlook: With a local workforce of 240 Family Medicine Physicians, Albuquerque presents a moderately sized professional community. The Location Quotient of 0.85 suggests a concentration of these professionals that is slightly below the national average, indicating a stable but not overly saturated job market. The presence of 0.598 jobs per 1,000 workers further supports a consistent demand for these essential healthcare providers.
Salary Overview
The average Family Medicine Physicians in Albuquerque, NM earns-4.6%below the national average.
$119.1
$4,765
$20,647
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data for Albuquerque is not provided, it is reasonable to assume that salaries for Family Medicine Physicians have seen consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, physician shortages in certain specialties, and inflation typically drive upward salary adjustments in the medical field.
Family Medicine Physicians Salary Distribution in Albuquerque, NM
Salary progression for Family Medicine Physicians in Albuquerque, as elsewhere, is typically tied to experience. Entry-level physicians will likely earn at the lower end of the pay scale, while those with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution clearly signify the career progression and earning potential as physicians advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $124,830 | $60 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $185,820 | $89.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $247,770 | $119.1 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $309,700 | $148.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $371,640 | $178.7 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$247,760
Gross Pay
Real Wage (Purchasing Power)
$247,760
Adjusted for COL (100)
The average annual salary of $247,760 in Albuquerque aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Family Medicine Physician's salary in Albuquerque is equivalent to the national average. Consequently, the nominal salary translates directly into real economic value, offering a stable financial standing relative to national benchmarks.
Job Market Context
240
Total Jobs
0.598
Per 1K Jobs
0.85
Location Quotient
Albuquerque, NM has 0.85x the national average concentration of Family Medicine Physicians jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
Albuquerque's Location Quotient of 0.85 for Family Medicine Physicians indicates that the concentration of these professionals is slightly lower than the national average. This suggests that while the market is not exceptionally concentrated, there is a steady presence of these physicians. The job market is likely competitive but offers opportunities for qualified candidates without being oversaturated.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Family Medicine Physicians Salary | $248,870↑ 0% | 29 mi |
| Northern New Mexico nonmetropolitan area Family Medicine Physicians Salary | $307,040↑ 24% | 29 mi |
Comparing salaries near Albuquerque, NM
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Albuquerque, NM?
The median annual salary for a Family Medicine Physicians in Albuquerque, NM is $247,760. This typically ranges from $124,830 for entry-level positions to $371,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 4.6% lower than the national median of $259,840.
Is Albuquerque, NM a lucrative place for Family Medicine Physicians?
Yes, Albuquerque offers a competitive salary for Family Medicine Physicians.Family Medicine Physicians in Albuquerque earn $247,760 annually, which aligns with the national average cost of living. While slightly below the national average salary, the stable job market and consistent demand make it a financially sound location.
Is Albuquerque, NM a good place to live for Family Medicine Physicians?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($248,870) and Northern New Mexico nonmetropolitan area.
How does the Albuquerque salary compare to the national average?
The average annual salary for Family Medicine Physicians in Albuquerque is $247,760, which is slightly lower than the national average of $259,840.
What is the cost of living in Albuquerque compared to the national average?
Albuquerque's cost of living index is 100, which is exactly the national average. This means your salary in Albuquerque has the same purchasing power as it would nationally.
Is there high demand for Family Medicine Physicians in Albuquerque?
With 0.598 jobs per 1,000 workers and a Location Quotient slightly below average, there is a consistent demand for Family Medicine Physicians in Albuquerque, indicating a stable job market.
How many Family Medicine Physicians work in Albuquerque?
There are approximately 240 Family Medicine Physicians working in Albuquerque, making up a significant portion of the local 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 240 employees in the Albuquerque, NM area with a job density of 0.598 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Family Medicine Physicians • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM