Average Family Medicine Physicians Salary in New Jersey
Family Medicine Physicians in New Jersey earn an average annual salary of $258,880, a figure that closely mirrors the national average of $259,840. While the nominal pay is comparable, the unique healthcare demands and regulatory landscape within New Jersey often contribute to competitive compensation packages for these essential medical professionals.
Executive Summary
- Average Salary: $258,880 per year.
- Growth Trend: Salaries have shifted 15.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $388,320.
- Outlook: New Jersey boasts a robust job market for Family Medicine Physicians, evidenced by a substantial local workforce of 5,820 individuals. The Location Quotient of 1.96 significantly exceeds the national average, indicating a higher concentration of these roles within the state, which suggests strong and sustained demand for their services.
Salary Overview
The average Family Medicine Physicians in New Jersey earns-0.4%below the national average.
$124.5
$4,978
$21,573
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that the demand for Family Medicine Physicians in New Jersey has seen consistent growth over the past four years, mirroring national trends. This sustained demand, coupled with evolving healthcare needs, likely translates to a steady upward trajectory in average salaries for the profession within the state.
Family Medicine Physicians Salary Distribution in New Jersey
The career path for Family Medicine Physicians in New Jersey offers significant earning potential that scales with experience. Entry-level physicians can expect compensation towards the lower percentiles, while seasoned professionals with extensive experience and specialized skills command salaries in the upper percentiles. These percentile gaps clearly signify the career progression and increased value attributed to seniority and expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $136,890 | $65.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $194,160 | $93.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $258,877 | $124.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $323,600 | $155.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $388,320 | $186.7 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$258,880
Gross Pay
Real Wage (Purchasing Power)
$230,320
Adjusted for COL (112.4)
While the average nominal salary of $258,880 for Family Medicine Physicians in New Jersey is strong, it's essential to consider the local Cost of Living Index of 112.4. This index, which is 12.4% above the national average, means that the purchasing power of this salary is somewhat diminished compared to areas with a lower cost of living. Therefore, while the absolute salary is high, the real disposable income may be more moderate.
Job Market Context
5,820
Total Jobs
1.369
Per 1K Jobs
1.96
Location Quotient
New Jersey has 2.0x the national concentration of Family Medicine Physicians jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.96 for Family Medicine Physicians in New Jersey strongly suggests a market where these professionals are in higher demand relative to the national average. A quotient significantly above 1.0 indicates a greater concentration of these jobs within the state, implying a competitive environment for employers seeking talent and a favorable landscape for physicians looking for opportunities.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Family Medicine Physicians Salary | $236,650↓ 9% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Family Medicine Physicians Salary | $243,050↓ 6% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Family Medicine Physicians Salary | $271,390↑ 5% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Family Medicine Physicians Salary | $266,450↑ 3% | 54 mi |
| Vineland, NJ Family Medicine Physicians Salary | $238,340↓ 8% | 63 mi |
Comparing salaries near New Jersey
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in New Jersey?
The median annual salary for a Family Medicine Physicians in New Jersey is $258,880. This typically ranges from $136,890 for entry-level positions to $388,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 0.4% lower than the national median of $259,840.
Is New Jersey a lucrative place for Family Medicine Physicians?
Yes, New Jersey offers a lucrative environment for Family Medicine Physicians.The average salary is nearly on par with the national average, and the high concentration of these roles (LQ of 1.96) indicates strong demand and competitive compensation.
Is New Jersey a good place to live for Family Medicine Physicians?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($236,650) and New York-Newark-Jersey City, NY-NJ.
How does the New Jersey salary compare to the national average?
The average annual salary for Family Medicine Physicians in New Jersey is $258,880, which is very close to the national average of $259,840.
What is the concentration of Family Medicine Physicians in New Jersey?
New Jersey has a Location Quotient of 1.96 for Family Medicine Physicians, meaning the concentration of these jobs is nearly double the national average.
How does the cost of living affect the salary in New Jersey?
With a Cost of Living Index of 112.4, New Jersey is more expensive than the national average. This means the $258,880 salary may have less purchasing power than it would in a lower-cost area.
What does the job market look like for Family Medicine Physicians in New Jersey?
The job market is robust, with a significant local workforce of 5,820 and a high concentration of roles, suggesting strong demand and ample opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,820 employees in the New Jersey area with a job density of 1.369 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 New Jersey