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Average Family Medicine Physicians Salary in Anchorage, AK

Family Medicine Physicians in Anchorage, Alaska, command an impressive average annual salary of $305,930. This figure significantly surpasses the national average of $259,840, indicating a strong demand and potentially higher cost of doing business or living in the region. Factors such as geographic isolation and specialized healthcare needs in Alaska likely contribute to this elevated compensation.

Executive Summary

  • Average Salary: $305,930 per year.
  • Growth Trend: Salaries have shifted 27.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $458,895.
  • Outlook: The job market for Family Medicine Physicians in Anchorage appears robust, with a total local workforce of 280 professionals. The Location Quotient of 2.28 suggests a concentration of these roles nearly 2.3 times higher than the national average, pointing to a substantial demand relative to the general workforce. This indicates a healthy and potentially growing employment landscape for this specialty in the area.
2024 Market Data

Salary Overview

$305,930

The average Family Medicine Physicians in Anchorage, AK earns+17.7%above the national average.

BreakdownBased on 40h/week
Hourly

$147.1

Weekly

$5,883

Monthly

$25,494

Family Medicine Physicians Salary Distribution in Anchorage, AK

Salary progression for Family Medicine Physicians in Anchorage is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in compensation clearly signify career advancement opportunities and the increasing value placed on expertise as physicians progress in their careers.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$171,640$82.5
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$229,448$110.3
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$305,926$147.1
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$382,413$183.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$458,895$220.6

Detailed Family Medicine Physicians Market Analysis

Relocation Context

Nominal Salary

$305,930

Gross Pay

Real Wage (Purchasing Power)

$305,930

Adjusted for COL (100)

Anchorage, AK, presents a compelling financial proposition for Family Medicine Physicians. With an average annual salary of $305,930 and a Cost of Living Index at the national average of 100, the nominal salary translates directly into strong purchasing power. This means that physicians relocating to Anchorage can expect their earnings to maintain their value relative to the cost of goods and services, making it an economically attractive location.

Job Market Context

280

Total Jobs

1.594

Per 1K Jobs

2.28

Location Quotient

Major Hub

Anchorage, AK has 2.3x the national concentration of Family Medicine Physicians 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 2.28 for Family Medicine Physicians in Anchorage signifies a highly concentrated market. This indicates that the demand for these specialists is significantly higher in Anchorage compared to the rest of the United States. Such a high concentration suggests a competitive environment for employers seeking talent, while also presenting abundant opportunities for physicians looking to practice in a region where their skills are in high demand.

Nearby Job Markets

Hiring Family Medicine Physicianss?

Frequently Asked Questions

How much does a Family Medicine Physicians make in Anchorage, AK?

The median annual salary for a Family Medicine Physicians in Anchorage, AK is $305,930. This typically ranges from $171,640 for entry-level positions to $458,895 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Anchorage, AK is 17.7% higher than the national median of $259,840.

Is Anchorage, AK a lucrative place for Family Medicine Physicians?

Yes, Anchorage, AK is a highly lucrative location for Family Medicine Physicians.Physicians here earn significantly more than the national average, and the cost of living is on par with the national average, maximizing earning potential.

Is Anchorage, AK a good place to live for Family Medicine Physicians?

The Cost of Living Index in Anchorage, AK is 100. While higher than average, this often correlates with higher wages.

How does the Anchorage salary compare to the national average?

Family Medicine Physicians in Anchorage earn an average of $305,930 annually, which is considerably higher than the national average of $259,840.

What is the concentration of Family Medicine Physicians in Anchorage?

Anchorage has a Location Quotient of 2.28, meaning the concentration of Family Medicine Physicians is more than double the national average, indicating high demand.

Does the cost of living affect the salary in Anchorage?

No, the cost of living in Anchorage is at the national average (100), so the higher salary directly translates to greater purchasing power for physicians.

How many Family Medicine Physicians work in Anchorage?

There are approximately 280 Family Medicine Physicians employed in the Anchorage, AK area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Anchorage, AK area with a job density of 1.594 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Family Medicine Physicians • Data source: BLS OEWS 2024 •Jobs in Anchorage, AK