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Average Family Medicine Physicians Salary in Iowa

Family Medicine Physicians in Iowa are earning an impressive average annual salary of $292,030, substantially higher than the national average of $259,840. This elevated compensation in Iowa reflects a localized demand and potentially a unique healthcare landscape that values these essential medical professionals.

Executive Summary

  • Average Salary: $292,030 per year.
  • Growth Trend: Salaries have shifted 28.9% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $438,045.
  • Outlook: With a dedicated workforce of 1,250 Family Medicine Physicians, Iowa demonstrates a notable concentration of these professionals, as indicated by a Location Quotient of 1.14. This suggests a slightly higher prevalence of these roles compared to the national average, hinting at a stable and potentially growing job market for these specialists within the state.
2024 Market Data

Salary Overview

$292,030

The average Family Medicine Physicians in Iowa earns+12.4%above the national average.

BreakdownBased on 40h/week
Hourly

$140.4

Weekly

$5,616

Monthly

$24,336

Family Medicine Physicians Salary Distribution in Iowa

The career progression for Family Medicine Physicians in Iowa typically involves a significant salary increase from entry-level to senior positions. While specific percentile data isn't available, the substantial gap between starting salaries and the average of $292,030 signifies clear opportunities for advancement and higher earning potential as physicians gain experience and specialization.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$101,550$48.8
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$219,023$105.3
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$292,032$140.4
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$365,038$175.5
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$438,045$210.6

Detailed Family Medicine Physicians Market Analysis

Relocation Context

Nominal Salary

$292,030

Gross Pay

Real Wage (Purchasing Power)

$325,563

Adjusted for COL (89.7)

The nominal average salary of $292,030 in Iowa presents a strong financial advantage when considering the local Cost of Living Index of 89.7. This index, which is below the national average of 100, means that the purchasing power of a Family Medicine Physician's salary in Iowa is considerably higher, allowing for a more comfortable lifestyle and greater financial flexibility.

Job Market Context

1,250

Total Jobs

0.801

Per 1K Jobs

1.14

Location Quotient

Above Average

With a location quotient of 1.14, Iowa has a slightly higher-than-average concentration of Family Medicine Physicians roles compared to the national norm.

Iowa's Location Quotient of 1.14 for Family Medicine Physicians indicates a market that is slightly more concentrated than the national average. This suggests that while the demand is present and perhaps even slightly elevated, the market is not oversaturated, offering a competitive yet accessible environment for both new entrants and established physicians.

Nearby Job Markets

Nearby Cities for Family Medicine Physicians

Comparing salaries near Iowa

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Frequently Asked Questions

How much does a Family Medicine Physicians make in Iowa?

The median annual salary for a Family Medicine Physicians in Iowa is $292,030. This typically ranges from $101,550 for entry-level positions to $438,045 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Iowa is 12.4% higher than the national median of $259,840.

Is Iowa a lucrative place for Family Medicine Physicians?

Yes, Iowa offers a lucrative environment for Family Medicine Physicians.The average salary of $292,030 significantly surpasses the national average, and the cost of living is below the national index, enhancing overall financial well-being.

Is Iowa a good place to live for Family Medicine Physicians?

With a Cost of Living Index of 89.7 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Iowa?

Some top paying nearby cities include Ames, IA ($290,920) and Des Moines-West Des Moines, IA.

How does Iowa's average salary compare to the national average for Family Medicine Physicians?

Iowa's average annual salary for Family Medicine Physicians is $292,030, which is notably higher than the national average of $259,840.

What is the concentration of Family Medicine Physicians in Iowa compared to the rest of the country?

Iowa has a Location Quotient of 1.14, indicating a slightly higher concentration of Family Medicine Physicians than the national average.

How does the cost of living in Iowa affect the purchasing power of a Family Medicine Physician's salary?

With a Cost of Living Index of 89.7, Iowa's lower cost of living means that the $292,030 salary offers greater purchasing power compared to areas with a higher cost of living.

What is the total number of Family Medicine Physicians employed in Iowa?

There are approximately 1,250 Family Medicine Physicians working within the state of Iowa.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,250 employees in the Iowa area with a job density of 0.801 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.