Average Family Medicine Physicians Salary in Sioux Falls, SD-MN
Family Medicine Physicians in Sioux Falls, SD-MN earn an average annual salary of $210,070, which is notably below the national average of $259,840. This regional disparity in compensation is often influenced by a combination of local economic factors, demand for specialized medical services, and the overall cost of doing business within the healthcare sector in this specific metropolitan area.
Executive Summary
- Average Salary: $210,070 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $315,105.
- Outlook: The job market for Family Medicine Physicians in Sioux Falls, SD-MN appears robust, with a total local workforce of 360 individuals. The Location Quotient of 2.92 significantly exceeds the national average, indicating a higher concentration of these professionals relative to the general workforce, suggesting strong local demand and a specialized need for their services within the region.
Salary Overview
The average Family Medicine Physicians in Sioux Falls, SD-MN earns-19.2%below the national average.
$101
$4,040
$17,506
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data for Sioux Falls is not provided, it is generally assumed that the demand for Family Medicine Physicians has seen consistent growth over the past four years, mirroring national trends. This sustained demand, coupled with potential increases in healthcare needs and the rising cost of medical services, likely contributes to a positive trajectory for physician salaries in the region, with expectations of continued upward movement.
Family Medicine Physicians Salary Distribution in Sioux Falls, SD-MN
Salary progression for Family Medicine Physicians in Sioux Falls, SD-MN typically scales significantly with experience. Entry-level physicians can expect to earn at the lower end of the pay scale, while those with extensive experience and specialized skills will command higher salaries, often reaching into the upper percentiles. The increasing gap between entry-level and senior positions highlights clear career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $71,540 | $34.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $157,553 | $75.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $217,460 | $104.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $262,588 | $126.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $315,105 | $151.5 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$210,070
Gross Pay
Real Wage (Purchasing Power)
$210,070
Adjusted for COL (100)
The nominal average salary of $210,070 for Family Medicine Physicians in Sioux Falls, SD-MN aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a physician's salary in Sioux Falls is equivalent to that of a physician earning the national average in a location with a national average cost of living, offering a stable financial foundation.
Job Market Context
360
Total Jobs
2.041
Per 1K Jobs
2.92
Location Quotient
Sioux Falls, SD-MN has 2.9x 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.
With a Location Quotient of 2.92, Sioux Falls, SD-MN exhibits a significantly higher concentration of Family Medicine Physicians compared to the national average. This suggests a specialized market where these professionals are in relatively high demand and are a key component of the local healthcare infrastructure, potentially leading to competitive opportunities for qualified candidates.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Family Medicine Physicians Salary | $359,590↑ 71% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Sioux Falls, SD-MN?
The median annual salary for a Family Medicine Physicians in Sioux Falls, SD-MN is $210,070. This typically ranges from $71,540 for entry-level positions to $315,105 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sioux Falls, SD-MN is 19.2% lower than the national median of $259,840.
Is Sioux Falls, SD-MN a lucrative place for Family Medicine Physicians?
Yes, with a caveat regarding national averages.While the average salary of $210,070 is below the national figure, the strong concentration (LQ 2.92) and average cost of living (100) suggest a stable and in-demand market for these physicians.
Is Sioux Falls, SD-MN a good place to live for Family Medicine Physicians?
The Cost of Living Index in Sioux Falls, SD-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sioux Falls, SD-MN?
Some top paying nearby cities include Sioux City, IA-NE-SD ($359,590) and others.
How does the Sioux Falls salary compare to the national average?
Family Medicine Physicians in Sioux Falls earn an average of $210,070 annually, which is $49,770 less than the national average of $259,840.
What is the concentration of Family Medicine Physicians in Sioux Falls?
The Location Quotient (LQ) for Family Medicine Physicians in Sioux Falls is 2.92, indicating that the area has nearly three times the national average concentration of these professionals.
How does the cost of living in Sioux Falls affect physician salaries?
Sioux Falls has a Cost of Living Index of 100, which is the national average. This means the $210,070 salary has purchasing power equivalent to the national average, making it relatively stable despite being below the national salary benchmark.
What does the job market look like for Family Medicine Physicians in Sioux Falls?
The market is robust with 360 local professionals and a high Location Quotient, suggesting strong demand and a specialized need for Family Medicine Physicians in the Sioux Falls area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Sioux Falls, SD-MN area with a job density of 2.041 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 Sioux Falls, SD-MN