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Average Family Medicine Physicians Salary in Denver-Aurora-Centennial, CO

Family Medicine Physicians in the Denver-Aurora-Centennial, CO area earn an average annual salary of $227,380. This figure is notably below the national average of $259,840, suggesting that while the demand is present, other market factors may be influencing compensation. The specific economic landscape and healthcare needs of the Denver metropolitan area play a crucial role in shaping these localized pay rates.

Executive Summary

  • Average Salary: $227,380 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $341,070.
  • Outlook: With a local workforce of 1,200 Family Medicine Physicians, the Denver-Aurora-Centennial area demonstrates a stable, albeit not exceptionally concentrated, presence of these professionals. The Location Quotient of 1.06 indicates a slightly higher concentration of these roles compared to the national average, suggesting a healthy demand that aligns with or slightly exceeds the typical distribution of physicians in similar metropolitan regions.
2024 Market Data

Salary Overview

$227,380

The average Family Medicine Physicians in Denver-Aurora-Centennial, CO earns-12.5%below the national average.

BreakdownBased on 40h/week
Hourly

$109.3

Weekly

$4,373

Monthly

$18,948

Family Medicine Physicians Salary Distribution in Denver-Aurora-Centennial, CO

The salary progression for Family Medicine Physicians typically scales significantly with experience. Entry-level physicians can expect to earn at the lower end of the pay scale, while those with several years of practice and specialized skills will command higher salaries. The percentile gaps in salary distribution clearly signify career progression, with senior physicians often earning substantially more than their early-career counterparts.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$74,530$35.8
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$170,535$82
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$227,386$109.3
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$284,225$136.6
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$341,070$164

Detailed Family Medicine Physicians Market Analysis

Relocation Context

Nominal Salary

$227,380

Gross Pay

Real Wage (Purchasing Power)

$227,380

Adjusted for COL (100)

The average annual salary of $227,380 for Family Medicine Physicians in Denver-Aurora-Centennial aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a physician's salary in this area is equivalent to the national average, offering a balanced financial environment where take-home pay is directly comparable to living expenses nationwide.

Job Market Context

1,200

Total Jobs

0.741

Per 1K Jobs

1.06

Location Quotient

Above Average

With a location quotient of 1.06, Denver-Aurora-Centennial, CO has a slightly higher-than-average concentration of Family Medicine Physicians roles compared to the national norm.

The Location Quotient of 1.06 for Family Medicine Physicians in Denver-Aurora-Centennial signifies a market that is slightly more concentrated than the national average. This suggests a competitive environment where the number of physicians is proportionally higher relative to the general workforce, potentially leading to a balanced supply and demand dynamic for healthcare services.

Nearby Job Markets

Nearby Cities for Family Medicine Physicians

CitySalaryDist.
Boulder, CO Family Medicine Physicians Salary$273,590↑ 20%27 mi
Northwest Colorado nonmetropolitan area Family Medicine Physicians Salary$298,860↑ 31%54 mi
Southwest Colorado nonmetropolitan area Family Medicine Physicians Salary$276,980↑ 22%54 mi
Eastern and Southern Colorado nonmetropolitan area Family Medicine Physicians Salary$327,440↑ 44%54 mi

Comparing salaries near Denver-Aurora-Centennial, CO

Hiring Family Medicine Physicianss?

Frequently Asked Questions

How much does a Family Medicine Physicians make in Denver-Aurora-Centennial, CO?

The median annual salary for a Family Medicine Physicians in Denver-Aurora-Centennial, CO is $227,380. This typically ranges from $74,530 for entry-level positions to $341,070 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Denver-Aurora-Centennial, CO is 12.5% lower than the national median of $259,840.

Is Denver-Aurora-Centennial, CO a lucrative place for Family Medicine Physicianss?

No, but it is competitive.While the average salary of $227,380 is below the national average, the Location Quotient of 1.06 indicates a healthy concentration of these roles. The cost of living being at the national average further suggests a stable, though not exceptionally high, earning potential relative to expenses.

Is Denver-Aurora-Centennial, CO a good place to live for Family Medicine Physicians?

The Cost of Living Index in Denver-Aurora-Centennial, CO is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Denver-Aurora-Centennial, CO?

Some top paying nearby cities include Boulder, CO ($273,590) and Northwest Colorado nonmetropolitan area.

How does the Denver-Aurora-Centennial salary compare to the national average?

Family Medicine Physicians in Denver-Aurora-Centennial earn an average of $227,380 annually, which is less than the national average of $259,840.

What is the concentration of Family Medicine Physicians in Denver-Aurora-Centennial?

The Location Quotient is 1.06, indicating a slightly higher concentration of Family Medicine Physicians in this area compared to the national average.

What is the cost of living in Denver-Aurora-Centennial, CO?

The cost of living index for Denver-Aurora-Centennial, CO is 100, which is exactly the national average.

How many Family Medicine Physicians are there in the Denver-Aurora-Centennial area?

There are approximately 1,200 Family Medicine Physicians in the Denver-Aurora-Centennial metropolitan area.

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 Denver-Aurora-Centennial, CO area with a job density of 0.741 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Denver-Aurora-Centennial, CO

Semantic Salary Analysis for Family Medicine Physicians • Data source: BLS OEWS 2024 •Jobs in Denver-Aurora-Centennial, CO