Average Family Medicine Physicians Salary in Grand Rapids-Wyoming-Kentwood, MI
Family Medicine Physicians in the Grand Rapids-Wyoming-Kentwood, MI area earn an average annual salary of $225,910. This figure is notably below the national average of $259,840, suggesting that local market dynamics, such as demand and supply, may be influencing compensation levels in this specific region. Factors unique to the Grand Rapids metropolitan area likely contribute to this pay differential.
Executive Summary
- Average Salary: $225,910 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $338,865.
- Outlook: The Grand Rapids-Wyoming-Kentwood, MI area supports a local workforce of 400 Family Medicine Physicians. With a Location Quotient of 1.03, the concentration of these professionals is slightly above the national average, indicating a stable and perhaps growing demand for their services within the region. The presence of 0.72 jobs per 1,000 workers further underscores a healthy job market for this specialty.
Salary Overview
The average Family Medicine Physicians in Grand Rapids-Wyoming-Kentwood, MI earns-13.1%below the national average.
$108.6
$4,344
$18,826
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Family Medicine Physicians across the nation, including in Grand Rapids, have experienced steady growth over the past four years. This trend is typically driven by increasing healthcare needs, physician shortages in certain areas, and inflationary pressures, leading to a gradual upward adjustment in compensation.
Family Medicine Physicians Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Salary progression for Family Medicine Physicians in Grand Rapids-Wyoming-Kentwood, MI, typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned physicians with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles reflects the value placed on accumulated knowledge, patient relationships, and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $60,830 | $29.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $169,433 | $81.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $210,460 | $101.2 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $282,388 | $135.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $338,865 | $162.9 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$225,910
Gross Pay
Real Wage (Purchasing Power)
$225,910
Adjusted for COL (100)
The average annual salary of $225,910 for Family Medicine Physicians in Grand Rapids-Wyoming-Kentwood, MI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial standing for physicians relocating to or residing in the area.
Job Market Context
400
Total Jobs
0.72
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Grand Rapids-Wyoming-Kentwood, MI has a slightly higher-than-average concentration of Family Medicine Physicians roles compared to the national norm.
With a Location Quotient of 1.03, the Grand Rapids-Wyoming-Kentwood, MI market exhibits a concentration of Family Medicine Physicians that is just slightly above the national average. This suggests a competitive yet well-established market for these professionals, where demand is consistently met by a comparable supply, indicating a balanced employment landscape.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Muskegon-Norton Shores, MI Family Medicine Physicians Salary | $294,260↑ 30% | 35 mi |
| Kalamazoo-Portage, MI Family Medicine Physicians Salary | $194,220↓ 14% | 48 mi |
| Battle Creek, MI Family Medicine Physicians Salary | $273,070↑ 21% | 51 mi |
| Lansing-East Lansing, MI Family Medicine Physicians Salary | $228,310↑ 1% | 58 mi |
| Mid Michigan nonmetropolitan area Family Medicine Physicians Salary | $248,290↑ 10% | 62 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Family Medicine Physicians in Grand Rapids-Wyoming-Kentwood, MI is $225,910. This typically ranges from $60,830 for entry-level positions to $338,865 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 13.1% lower than the national median of $259,840.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Family Medicine Physicians?
No, but it offers good value.While the average salary of $225,910 is below the national average, the cost of living is also at the national average, meaning the purchasing power of the salary is equivalent.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Family Medicine Physicians?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($294,260) and Kalamazoo-Portage, MI.
How does the Grand Rapids salary compare to the national average?
Family Medicine Physicians in Grand Rapids earn an average of $225,910 annually, which is approximately $33,930 less than the national average of $259,840.
What is the cost of living in Grand Rapids-Wyoming-Kentwood, MI?
The Cost of Living Index for Grand Rapids-Wyoming-Kentwood, MI is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
How many Family Medicine Physicians are there in the Grand Rapids area?
There are approximately 400 Family Medicine Physicians working within the Grand Rapids-Wyoming-Kentwood, MI metropolitan area.
Is the demand for Family Medicine Physicians high in Grand Rapids?
The Location Quotient of 1.03 suggests a slightly higher concentration of Family Medicine Physicians than the national average, indicating a stable and consistent demand for their services in 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 400 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 0.72 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 Grand Rapids-Wyoming-Kentwood, MI