Average Family Medicine Physicians Salary in Chicago-Naperville-Elgin, IL-IN
Family Medicine Physicians in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $187,620. This figure is notably lower than the national average of $259,840, suggesting that local market dynamics, such as physician supply and demand, and potentially lower operational costs, influence compensation in this region.
Executive Summary
- Average Salary: $187,620 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $281,430.
- Outlook: With a local workforce of 1,200 Family Medicine Physicians and a Location Quotient of 0.38, the job market in Chicago-Naperville-Elgin, IL-IN indicates a lower concentration of these professionals compared to the national average. This suggests that while the absolute number of physicians is substantial, the relative demand might be less intense than in more concentrated areas, potentially impacting hiring dynamics.
Salary Overview
The average Family Medicine Physicians in Chicago-Naperville-Elgin, IL-IN earns-27.8%below the national average.
$90.2
$3,608
$15,635
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Family Medicine Physicians nationwide and in major metropolitan areas like Chicago have experienced steady growth over the past four years, driven by an aging population and increasing healthcare needs. This trend likely reflects an upward adjustment in compensation to attract and retain qualified medical professionals.
Family Medicine Physicians Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Family Medicine Physicians typically scales significantly with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned physicians with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in salary distribution signify clear career progression pathways and the financial rewards associated with advancing in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $67,550 | $32.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $140,715 | $67.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $182,830 | $87.9 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $234,525 | $112.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $281,430 | $135.3 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$187,620
Gross Pay
Real Wage (Purchasing Power)
$187,620
Adjusted for COL (100)
The average annual salary of $187,620 for Family Medicine Physicians in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial standing for physicians relocating to or residing in this area.
Job Market Context
1,200
Total Jobs
0.268
Per 1K Jobs
0.38
Location Quotient
At 0.38x, Chicago-Naperville-Elgin, IL-IN has a notably lower concentration of Family Medicine Physicians jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.38 for Family Medicine Physicians in Chicago-Naperville-Elgin, IL-IN signifies that this profession is less concentrated in this region compared to the national average. This suggests a potentially less saturated market, which could translate into more opportunities for physicians seeking employment, though it also implies a lower relative demand from the perspective of workforce concentration.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI Family Medicine Physicians Salary | $333,540↑ 78% | 51 mi |
| Racine-Mount Pleasant, WI Family Medicine Physicians Salary | $296,150↑ 58% | 59 mi |
| Niles, MI Family Medicine Physicians Salary | $160,880↓ 14% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Family Medicine Physicians in Chicago-Naperville-Elgin, IL-IN is $187,620. This typically ranges from $67,550 for entry-level positions to $281,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 27.8% lower than the national median of $259,840.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Family Medicine Physicians?
No, not compared to the national average.While the average salary of $187,620 is substantial, it falls significantly below the national average of $259,840, indicating less lucrative compensation in this specific metropolitan area.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Family Medicine Physicians?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Kenosha, WI ($333,540) and Racine-Mount Pleasant, WI.
How does the number of Family Medicine Physicians in Chicago compare nationally?
With 1,200 Family Medicine Physicians, the Chicago-Naperville-Elgin, IL-IN area has a considerable number of professionals, but the Location Quotient of 0.38 suggests a lower relative concentration compared to the national average.
What does a Location Quotient of 0.38 mean for job seekers?
A Location Quotient of 0.38 indicates that Family Medicine Physicians are less common in this region than the national average, which could imply a less competitive job market for these specialists.
How does the cost of living affect the salary for Family Medicine Physicians in Chicago?
With a Cost of Living Index of 100, the nominal salary of $187,620 has the same purchasing power as the national average, meaning the salary effectively covers the average cost of living without a premium or deficit.
Are there many job openings for Family Medicine Physicians in Chicago?
While the total workforce is 1,200, the lower Location Quotient suggests that the demand relative to the national average might not be exceptionally high, though specific job opening data would provide a clearer picture.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,200 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.268 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 Chicago-Naperville-Elgin, IL-IN