Average Family Medicine Physicians Salary in South Central Kentucky nonmetropolitan area
Family Medicine Physicians in the South Central Kentucky nonmetropolitan area earn an average annual salary of $216,680. This figure is notably below the national average of $259,840, suggesting that while the demand is present, the compensation may reflect regional economic factors and a less competitive market compared to larger metropolitan hubs.
Executive Summary
- Average Salary: $216,680 per year.
- Growth Trend: Salaries have shifted 5.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $325,020.
- Outlook: The local workforce of 230 Family Medicine Physicians, coupled with a Location Quotient of 1.94, indicates a significant concentration of these professionals relative to the national average. This suggests a robust demand and a specialized market for their services within the South Central Kentucky region, implying a stable job outlook for those in the field.
Salary Overview
The average Family Medicine Physicians in South Central Kentucky nonmetropolitan area earns-16.6%below the national average.
$104.2
$4,167
$18,057
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Family Medicine Physicians across the nation, including in regions like South Central Kentucky, have experienced steady growth over the past four years. This trend is driven by ongoing demand for primary care services and evolving healthcare landscapes.
Family Medicine Physicians Salary Distribution in South Central Kentucky nonmetropolitan area
Salary progression for Family Medicine Physicians typically scales with experience. Entry-level practitioners may find themselves at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching the 75th or 90th percentile. These percentile gaps clearly signify substantial career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $25,990 | $12.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $162,510 | $78.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $203,260 | $97.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $270,850 | $130.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $325,020 | $156.3 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$216,680
Gross Pay
Real Wage (Purchasing Power)
$216,680
Adjusted for COL (100)
The average annual salary of $216,680 in South Central Kentucky aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a physician's salary in this region is equivalent to the national standard, offering a stable financial foundation without the premium often associated with higher cost-of-living areas.
Job Market Context
230
Total Jobs
1.356
Per 1K Jobs
1.94
Location Quotient
South Central Kentucky nonmetropolitan area has 1.9x 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 1.94, Family Medicine Physicians are nearly twice as concentrated in South Central Kentucky compared to the national average. This suggests a specialized and potentially less saturated market, where physicians may find a strong demand for their expertise, though the lower average salary compared to the national benchmark warrants consideration.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Family Medicine Physicians Salary | $291,650↑ 35% | 28 mi |
| Cincinnati, OH-KY-IN Family Medicine Physicians Salary | $245,690↑ 13% | 100 mi |
Comparing salaries near South Central Kentucky nonmetropolitan area
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in South Central Kentucky nonmetropolitan area?
The median annual salary for a Family Medicine Physicians in South Central Kentucky nonmetropolitan area is $216,680. This typically ranges from $25,990 for entry-level positions to $325,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Kentucky nonmetropolitan area is 16.6% lower than the national median of $259,840.
Is South Central Kentucky nonmetropolitan area a lucrative place for Family Medicine Physicians?
No, not compared to the national average.While the average salary of $216,680 is substantial, it falls below the national average of $259,840. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is South Central Kentucky nonmetropolitan area a good place to live for Family Medicine Physicians?
The Cost of Living Index in South Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($291,650) and Cincinnati, OH-KY-IN.
How does the local workforce size affect job prospects?
A local workforce of 230 indicates a moderate-sized professional community. While not excessively large, it suggests a stable presence of physicians, which can translate to consistent opportunities for both new entrants and experienced professionals.
What does a Location Quotient of 1.94 mean for physicians?
A Location Quotient of 1.94 signifies that Family Medicine Physicians are more concentrated in South Central Kentucky than the national average. This implies a higher demand relative to the general population, potentially leading to more job openings and a competitive environment.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $216,680 salary offers purchasing power equivalent to the national average. This means that while the nominal salary is lower than the national average, the cost of goods and services is not higher, providing a balanced financial outlook.
Are there many job openings for Family Medicine Physicians in this area?
The concentration of 1.356 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, rate of job availability. This indicates consistent opportunities within the region's healthcare system.
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 South Central Kentucky nonmetropolitan area area with a job density of 1.356 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Family Medicine Physicians Salaries by State
Top Jobs in South Central Kentucky nonmetropolitan area
- All Occupations Salary in South Central Kentucky nonmetropolitan area
- Production Occupations Salary in South Central Kentucky nonmetropolitan area
- Office and Administrative Support Occupations Salary in South Central Kentucky nonmetropolitan area
- Transportation and Material Moving Occupations Salary in South Central Kentucky nonmetropolitan area
- Sales and Related Occupations Salary in South Central Kentucky nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in South Central Kentucky nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in South Central Kentucky nonmetropolitan area
- Educational Instruction and Library Occupations Salary in South Central Kentucky nonmetropolitan area
- Management Occupations Salary in South Central Kentucky nonmetropolitan area
- Healthcare Support Occupations Salary in South Central Kentucky nonmetropolitan area
- Browse All Jobs in South Central Kentucky nonmetropolitan area →
Semantic Salary Analysis for Family Medicine Physicians • Data source: BLS OEWS 2024 •Jobs in South Central Kentucky nonmetropolitan area