Average Family Medicine Physicians Salary in Milwaukee-Waukesha, WI
Family Medicine Physicians in the Milwaukee-Waukesha, WI area earn an impressive average annual salary of $304,110. This figure significantly surpasses the national average of $259,840, indicating a strong demand and potentially higher operational costs or specialized needs within the local healthcare landscape. The economic factors and specific healthcare requirements of the Milwaukee-Waukesha region contribute to this elevated compensation.
Executive Summary
- Average Salary: $304,110 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $456,165.
- Outlook: With a local workforce of 380 Family Medicine Physicians, Milwaukee-Waukesha presents a moderately concentrated market. The Location Quotient of 0.66 suggests that while the profession is present, it is slightly less concentrated than the national average, implying a stable but not oversaturated job market. This balance indicates consistent opportunities for skilled physicians seeking to establish or advance their careers in the area.
Salary Overview
The average Family Medicine Physicians in Milwaukee-Waukesha, WI earns+17.0%above the national average.
$146.2
$5,848
$25,343
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Family Medicine Physicians in Milwaukee-Waukesha has experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, physician shortages in certain specialties, and inflation likely contribute to an upward trajectory in compensation, ensuring that the earning potential for these professionals remains robust.
Family Medicine Physicians Salary Distribution in Milwaukee-Waukesha, WI
The salary progression for Family Medicine Physicians in Milwaukee-Waukesha typically scales with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more. The percentile gaps in salary distribution reflect this career advancement, with senior physicians occupying the higher earning brackets, showcasing a clear path for professional and financial growth.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $188,480 | $90.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $228,083 | $109.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $304,117 | $146.2 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $380,138 | $182.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $456,165 | $219.3 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$304,110
Gross Pay
Real Wage (Purchasing Power)
$304,110
Adjusted for COL (100)
The average annual salary of $304,110 in Milwaukee-Waukesha, WI, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Family Medicine Physician's salary in this region is equivalent to the national standard. While the salary is notably higher than the national average, the cost of living does not inflate disproportionately, suggesting that the increased earnings translate directly into a comparable standard of living.
Job Market Context
380
Total Jobs
0.464
Per 1K Jobs
0.66
Location Quotient
Milwaukee-Waukesha, WI has 0.66x the national average concentration of Family Medicine Physicians jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.66 for Family Medicine Physicians in Milwaukee-Waukesha indicates a lower concentration of these professionals compared to the national average. This suggests that the job market may be less competitive in terms of physician density, potentially offering more opportunities for new entrants or those looking to transition. While not as densely populated with this specialty as the national average, the presence of 380 professionals points to a well-established, albeit less saturated, demand.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Family Medicine Physicians Salary | $296,150↓ 3% | 25 mi |
| Kenosha, WI Family Medicine Physicians Salary | $333,540↑ 10% | 33 mi |
| Fond du Lac, WI Family Medicine Physicians Salary | $317,120↑ 4% | 54 mi |
Comparing salaries near Milwaukee-Waukesha, WI
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Milwaukee-Waukesha, WI?
The median annual salary for a Family Medicine Physicians in Milwaukee-Waukesha, WI is $304,110. This typically ranges from $188,480 for entry-level positions to $456,165 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 17.0% higher than the national median of $259,840.
Is Milwaukee-Waukesha, WI a lucrative place for Family Medicine Physicians?
Yes, Milwaukee-Waukesha, WI is a lucrative location for Family Medicine Physicians.The average salary of $304,110 significantly exceeds the national average, and the cost of living is on par with the national index, indicating strong earning potential.
Is Milwaukee-Waukesha, WI a good place to live for Family Medicine Physicians?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($296,150) and Kenosha, WI.
How does the Milwaukee-Waukesha salary compare to the national average?
Family Medicine Physicians in Milwaukee-Waukesha earn an average of $304,110 annually, which is considerably higher than the national average of $259,840.
What is the job market like for Family Medicine Physicians in this area?
The job market is moderately concentrated, with a Location Quotient of 0.66, suggesting stable demand and opportunities without excessive competition.
Does the cost of living affect the value of the salary?
No, the cost of living in Milwaukee-Waukesha is at the national average (100), meaning the higher salary offers equivalent purchasing power to the national average.
How many Family Medicine Physicians work in Milwaukee-Waukesha?
There are approximately 380 Family Medicine Physicians employed within the Milwaukee-Waukesha, WI 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 380 employees in the Milwaukee-Waukesha, WI area with a job density of 0.464 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 Milwaukee-Waukesha, WI