Average Family Medicine Physicians Salary in Raleigh-Cary, NC
Family Medicine Physicians in Raleigh-Cary, NC, earn an average annual salary of $253,810. This figure is slightly below the national average of $259,840, suggesting a localized compensation structure influenced by regional economic factors and demand within the Research Triangle area. While not reaching the national benchmark, this salary reflects the vital role these professionals play in community healthcare.
Executive Summary
- Average Salary: $253,810 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $380,715.
- Outlook: The job market for Family Medicine Physicians in Raleigh-Cary, NC, is characterized by a modest workforce size of 230 professionals. With a Location Quotient of 0.46, the concentration of these physicians is below the national average, indicating a potentially less saturated market compared to other regions. This suggests a steady demand for their services, although the overall volume of positions may not be as high as in more densely populated or specialized healthcare hubs.
Salary Overview
The average Family Medicine Physicians in Raleigh-Cary, NC earns-2.3%below the national average.
$122
$4,881
$21,151
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data for Raleigh-Cary is not provided, it is reasonable to assume that salaries for Family Medicine Physicians have experienced a general upward trend over the past four years, mirroring national patterns. Factors such as increasing healthcare needs, physician shortages in certain specialties, and inflation likely contribute to a gradual rise in compensation, even in markets that are not experiencing explosive growth.
Family Medicine Physicians Salary Distribution in Raleigh-Cary, NC
Salary progression for Family Medicine Physicians in Raleigh-Cary, NC, typically correlates with experience. Entry-level positions will naturally command lower salaries, while seasoned physicians with extensive experience and specialized skills can expect to earn significantly more. The difference between the lower and upper salary percentiles highlights the substantial career growth and earning potential available as professionals advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $190,300 | $91.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $190,358 | $91.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $253,802 | $122 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $317,263 | $152.5 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $380,715 | $183 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$253,810
Gross Pay
Real Wage (Purchasing Power)
$253,810
Adjusted for COL (100)
The average annual salary of $253,810 in Raleigh-Cary, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Family Medicine Physician's salary in this area is equivalent to the national standard. Consequently, relocating to Raleigh-Cary offers no significant advantage or disadvantage in terms of real income when compared to the national average cost of living.
Job Market Context
230
Total Jobs
0.324
Per 1K Jobs
0.46
Location Quotient
At 0.46x, Raleigh-Cary, NC has a notably lower concentration of Family Medicine Physicians jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.46 for Family Medicine Physicians in Raleigh-Cary, NC, indicates that the concentration of these professionals is less than half of the national average. This suggests that the job market is not oversaturated, and there may be ample opportunities for qualified physicians. While the total local workforce is moderate at 230, the lower concentration implies that demand might outpace supply in certain areas or practice settings.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Family Medicine Physicians Salary | $211,080↓ 17% | 18 mi |
| Fayetteville, NC Family Medicine Physicians Salary | $203,360↓ 20% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Raleigh-Cary, NC?
The median annual salary for a Family Medicine Physicians in Raleigh-Cary, NC is $253,810. This typically ranges from $190,300 for entry-level positions to $380,715 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 2.3% lower than the national median of $259,840.
Is Raleigh-Cary, NC a lucrative place for Family Medicine Physicians?
Yes, with caveats.The average salary of $253,810 is competitive, especially considering the national average cost of living. However, it is slightly below the national average salary for the profession.
Is Raleigh-Cary, NC a good place to live for Family Medicine Physicians?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($211,080) and Fayetteville, NC.
How does the Raleigh-Cary salary compare to the national average?
Family Medicine Physicians in Raleigh-Cary, NC, earn an average of $253,810 annually, which is slightly less than the national average of $259,840.
What is the cost of living in Raleigh-Cary, NC for physicians?
The cost of living in Raleigh-Cary, NC, is exactly at the national average (index of 100), meaning your salary's purchasing power is comparable to the national standard.
Is there high demand for Family Medicine Physicians in Raleigh-Cary, NC?
With a Location Quotient below the national average (0.46), the concentration of Family Medicine Physicians is lower, suggesting potential demand and opportunity for new professionals entering the market.
How many Family Medicine Physicians work in Raleigh-Cary, NC?
There are approximately 230 Family Medicine Physicians employed in the Raleigh-Cary, NC 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 230 employees in the Raleigh-Cary, NC area with a job density of 0.324 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 Raleigh-Cary, NC