Average Family Medicine Physicians Salary in Providence-Warwick, RI-MA
Family Medicine Physicians in the Providence-Warwick, RI-MA area earn an average annual salary of $246,160. This figure is slightly below the national average of $259,840, suggesting a nuanced compensation landscape influenced by regional economic factors and the specific demands of the local healthcare market. While not reaching the national benchmark, this salary reflects the critical role these practitioners play within the community.
Executive Summary
- Average Salary: $246,160 per year.
- Growth Trend: Salaries have shifted 25.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $369,240.
- Outlook: The Providence-Warwick area supports a local workforce of 370 Family Medicine Physicians. With a Location Quotient of 0.76, the concentration of these professionals is slightly below the national average, indicating a stable but not overly saturated job market. The presence of 0.53 jobs per 1,000 workers suggests consistent opportunities for qualified physicians within this metropolitan region.
Salary Overview
The average Family Medicine Physicians in Providence-Warwick, RI-MA earns-5.3%below the national average.
$118.4
$4,734
$20,513
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that the demand for Family Medicine Physicians has been steadily increasing nationwide over the past four years, driven by an aging population and a growing emphasis on primary care. This trend likely translates to a gradual upward trajectory in salaries within the Providence-Warwick area as well, reflecting the ongoing need for these essential healthcare providers.
Family Medicine Physicians Salary Distribution in Providence-Warwick, RI-MA
Salary progression for Family Medicine Physicians in Providence-Warwick, RI-MA typically correlates with experience. Entry-level positions may start at lower percentiles, while seasoned physicians with extensive experience and specialized skills can command salaries in the higher percentiles. The widening gap between entry-level and senior compensation signifies clear career advancement opportunities and increased earning potential throughout a physician's career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $125,070 | $60.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $184,620 | $88.8 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $221,720 | $106.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $307,700 | $147.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $369,240 | $177.5 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$246,160
Gross Pay
Real Wage (Purchasing Power)
$246,160
Adjusted for COL (100)
The average annual salary of $246,160 for Family Medicine Physicians in Providence-Warwick, RI-MA 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 foundation for physicians relocating to or residing in this area.
Job Market Context
370
Total Jobs
0.53
Per 1K Jobs
0.76
Location Quotient
Providence-Warwick, RI-MA has 0.76x 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.
A Location Quotient of 0.76 indicates that Family Medicine Physicians are slightly less concentrated in Providence-Warwick, RI-MA compared to the national average. This suggests that while the profession is well-established, there is room for growth and potentially less intense competition for roles compared to more saturated markets, offering a balanced environment for job seekers.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Family Medicine Physicians Salary | $332,850↑ 35% | 29 mi |
| Worcester, MA Family Medicine Physicians Salary | $246,360↑ 0% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Family Medicine Physicians Salary | $304,380↑ 24% | 38 mi |
| Barnstable Town, MA Family Medicine Physicians Salary | $236,490↓ 4% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Providence-Warwick, RI-MA?
The median annual salary for a Family Medicine Physicians in Providence-Warwick, RI-MA is $246,160. This typically ranges from $125,070 for entry-level positions to $369,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 5.3% lower than the national median of $259,840.
Is Providence-Warwick, RI-MA a lucrative place for Family Medicine Physicians?
Yes, with caveats.The average salary of $246,160 is competitive, especially considering the national average cost of living. However, it is slightly below the national average salary for the profession.
Is Providence-Warwick, RI-MA a good place to live for Family Medicine Physicians?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($332,850) and Worcester, MA.
How does the Providence-Warwick salary compare to the national average?
The average salary for Family Medicine Physicians in Providence-Warwick, RI-MA is $246,160, which is approximately 5.3% lower than the national average of $259,840.
What is the job market like for Family Medicine Physicians in Providence-Warwick?
The job market is stable, with a Location Quotient of 0.76 indicating a slightly lower concentration of physicians than the national average, suggesting consistent demand.
Does the cost of living affect the perceived value of the salary?
No, the cost of living in Providence-Warwick is at the national average (100), meaning the $246,160 salary offers purchasing power equivalent to the national average.
How many Family Medicine Physicians work in Providence-Warwick?
There are approximately 370 Family Medicine Physicians employed within the Providence-Warwick, RI-MA 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 370 employees in the Providence-Warwick, RI-MA area with a job density of 0.53 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 Providence-Warwick, RI-MA