Average Family Medicine Physicians Salary in Charlotte-Concord-Gastonia, NC-SC
Family Medicine Physicians in the Charlotte-Concord-Gastonia, NC-SC area earn an impressive average annual salary of $266,360. This figure slightly surpasses the national average of $259,840, indicating a strong demand and competitive compensation structure within this metropolitan region. Local economic factors and the specific healthcare needs of the growing population contribute to this favorable pay.
Executive Summary
- Average Salary: $266,360 per year.
- Growth Trend: Salaries have shifted 12.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $399,540.
- Outlook: The job market for Family Medicine Physicians in Charlotte-Concord-Gastonia appears stable, with a local workforce of 600 professionals. The Location Quotient of 0.64 suggests that while the concentration of these physicians is slightly below the national average, the presence of a substantial workforce indicates consistent employment opportunities. The rate of 0.446 jobs per 1,000 workers further supports a steady, albeit not rapidly expanding, demand for these essential healthcare providers.
Salary Overview
The average Family Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC earns+2.5%above the national average.
$128.1
$5,122
$22,197
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Family Medicine Physicians in Charlotte-Concord-Gastonia have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, physician shortages in certain specialties, and general inflation typically drive upward salary adjustments in the medical field.
Family Medicine Physicians Salary Distribution in Charlotte-Concord-Gastonia, NC-SC
Salary progression for Family Medicine Physicians is significantly influenced by experience. Entry-level practitioners typically earn at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills command higher compensation. The percentile gaps in salary distributions clearly signify career progression, with senior physicians occupying the higher earning brackets, reflecting their accumulated expertise and value to healthcare institutions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $184,950 | $88.9 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $199,770 | $96 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $266,365 | $128.1 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $332,950 | $160.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $399,540 | $192.1 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$266,360
Gross Pay
Real Wage (Purchasing Power)
$266,360
Adjusted for COL (100)
The average annual salary of $266,360 for Family Medicine Physicians in Charlotte-Concord-Gastonia aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary translates directly into purchasing power equivalent to the national standard, offering a balanced financial outlook for professionals considering relocation to this area.
Job Market Context
600
Total Jobs
0.446
Per 1K Jobs
0.64
Location Quotient
Charlotte-Concord-Gastonia, NC-SC has 0.64x 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.
With a Location Quotient of 0.64, the Charlotte-Concord-Gastonia metropolitan area has a slightly lower concentration of Family Medicine Physicians compared to the national average. This suggests that the job market may be less saturated than in some other regions, potentially offering more opportunities for newly qualified physicians or those seeking to establish their practice. However, the presence of a 600-person local workforce indicates a well-established community of these professionals.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Hickory-Lenoir-Morganton, NC Family Medicine Physicians Salary | $201,520↓ 24% | 45 mi |
| Spartanburg, SC Family Medicine Physicians Salary | $283,890↑ 7% | 64 mi |
| Eastern North Carolina nonmetropolitan area Family Medicine Physicians Salary | $211,230↓ 21% | 65 mi |
| Western North Carolina nonmetropolitan area Family Medicine Physicians Salary | $258,700↓ 3% | 65 mi |
| Central North Carolina nonmetropolitan area Family Medicine Physicians Salary | $202,700↓ 24% | 65 mi |
Comparing salaries near Charlotte-Concord-Gastonia, NC-SC
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Charlotte-Concord-Gastonia, NC-SC?
The median annual salary for a Family Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC is $266,360. This typically ranges from $184,950 for entry-level positions to $399,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charlotte-Concord-Gastonia, NC-SC is 2.5% higher than the national median of $259,840.
Is Charlotte-Concord-Gastonia, NC-SC a lucrative place for Family Medicine Physicians?
Yes, it offers competitive compensation.Family Medicine Physicians in this area earn above the national average salary, and the cost of living is on par with the national average, making it financially attractive.
Is Charlotte-Concord-Gastonia, NC-SC a good place to live for Family Medicine Physicians?
The Cost of Living Index in Charlotte-Concord-Gastonia, NC-SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charlotte-Concord-Gastonia, NC-SC?
Some top paying nearby cities include Hickory-Lenoir-Morganton, NC ($201,520) and Spartanburg, SC.
How does the Charlotte-Concord-Gastonia salary compare to the national average?
The average salary of $266,360 in Charlotte-Concord-Gastonia is higher than the national average of $259,840, indicating a slightly more lucrative market locally.
What is the significance of the Location Quotient (LQ) for Family Medicine Physicians in this area?
An LQ of 0.64 means there are fewer Family Medicine Physicians per capita in Charlotte-Concord-Gastonia compared to the national average, suggesting potentially less competition for available positions.
Does the cost of living affect the purchasing power of a Family Medicine Physician's salary in Charlotte-Concord-Gastonia?
No, the cost of living is at the national average (100), meaning the $266,360 salary has the same relative purchasing power as the national average salary.
What does the total local workforce size suggest about job availability?
A local workforce of 600 Family Medicine Physicians indicates a substantial and established presence of these professionals, suggesting consistent demand and ongoing employment opportunities within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 600 employees in the Charlotte-Concord-Gastonia, NC-SC area with a job density of 0.446 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 Charlotte-Concord-Gastonia, NC-SC