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Average Family Medicine Physicians Salary in Kentucky

Family Medicine Physicians in Kentucky earn an impressive average annual salary of $277,570, surpassing the national average of $259,840. This elevated compensation reflects the state's specific healthcare demands and the critical role these physicians play in serving its communities. The localized economic factors and physician distribution within Kentucky contribute to this favorable salary landscape.

Executive Summary

  • Average Salary: $277,570 per year.
  • Growth Trend: Salaries have shifted 53.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $416,355.
  • Outlook: With a local workforce of 1,520 Family Medicine Physicians, Kentucky demonstrates a robust presence in this specialty. The location quotient of 1.09 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a stable and potentially growing demand for their services within the state's healthcare system.
2024 Market Data

Salary Overview

$277,570

The average Family Medicine Physicians in Kentucky earns+6.8%above the national average.

BreakdownBased on 40h/week
Hourly

$133.5

Weekly

$5,338

Monthly

$23,131

Family Medicine Physicians Salary Distribution in Kentucky

The career progression for Family Medicine Physicians in Kentucky offers significant earning potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior salaries underscores the value placed on experience and expertise within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$67,430$32.4
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$208,178$100.1
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$277,576$133.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$346,963$166.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$416,355$200.2

Detailed Family Medicine Physicians Market Analysis

Relocation Context

Nominal Salary

$277,570

Gross Pay

Real Wage (Purchasing Power)

$309,098

Adjusted for COL (89.8)

The average annual salary of $277,570 in Kentucky presents a strong financial advantage when considering the local cost of living. With a Cost of Living Index of 89.8, which is below the national average of 100, physicians can expect their earnings to have greater purchasing power. This means that the nominal salary translates into a higher real income, enhancing the overall quality of life for these medical professionals.

Job Market Context

1,520

Total Jobs

0.764

Per 1K Jobs

1.09

Location Quotient

Above Average

With a location quotient of 1.09, Kentucky has a slightly higher-than-average concentration of Family Medicine Physicians roles compared to the national norm.

Kentucky's location quotient of 1.09 for Family Medicine Physicians signifies a market where this profession is slightly more concentrated than the national average. This suggests a healthy, competitive environment with a good supply of physicians relative to the general workforce, indicating a stable job market that can support both new entrants and experienced practitioners.

Nearby Job Markets

Nearby Cities for Family Medicine Physicians

CitySalaryDist.
Lexington-Fayette, KY Family Medicine Physicians Salary$291,650↑ 5%28 mi
Cincinnati, OH-KY-IN Family Medicine Physicians Salary$245,690↓ 11%100 mi

Comparing salaries near Kentucky

Hiring Family Medicine Physicianss?

Frequently Asked Questions

How much does a Family Medicine Physicians make in Kentucky?

The median annual salary for a Family Medicine Physicians in Kentucky is $277,570. This typically ranges from $67,430 for entry-level positions to $416,355 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Kentucky is 6.8% higher than the national median of $259,840.

Is Kentucky a lucrative place for Family Medicine Physicians?

Yes, Kentucky offers a lucrative environment for Family Medicine Physicians.The average salary of $277,570 significantly exceeds the national average, and the cost of living is below the national average, enhancing purchasing power.

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

With a Cost of Living Index of 89.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Kentucky?

Some top paying nearby cities include Lexington-Fayette, KY ($291,650) and Cincinnati, OH-KY-IN.

How does Kentucky's Family Medicine Physician salary compare to the national average?

Family Medicine Physicians in Kentucky earn an average of $277,570 annually, which is higher than the national average of $259,840.

What is the concentration of Family Medicine Physicians in Kentucky?

Kentucky has a location quotient of 1.09 for Family Medicine Physicians, indicating a slightly higher concentration of these professionals compared to the national average.

How does the cost of living in Kentucky affect a physician's salary?

With a Cost of Living Index of 89.8, Kentucky's lower cost of living means that the average salary of $277,570 provides greater real income and purchasing power for physicians.

What is the total number of Family Medicine Physicians in Kentucky?

There are approximately 1,520 Family Medicine Physicians working in Kentucky.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,520 employees in the Kentucky area with a job density of 0.764 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Family Medicine Physicians • Data source: BLS OEWS 2024 •Jobs in Kentucky