Average Family Medicine Physicians Salary in Waco, TX
The average salary for a Family Medicine Physicians in Waco, TX is $238,190. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $238,190 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $357,285.
- Outlook: The current demand for Family Medicine Physicianss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Waco, TX economy.
Salary Overview
The average Family Medicine Physicians in Waco, TX earns-8.3%below the national average.
$114.5
$4,581
$19,849
Family Medicine Physicians Salary Trends (2020-2024)
Over the past 4 years, Family Medicine Physicians salaries in Waco, TX have seen a slight adjustment of -0.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Family Medicine Physicians Salary Distribution in Waco, TX
The earning potential for Family Medicine Physicianss in Waco, TX varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $161,630, while highly experienced professionals can command wages upwards of $357,285.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $161,630 | $77.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $178,643 | $85.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $225,900 | $108.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $297,738 | $143.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $357,285 | $171.8 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$238,190
Gross Pay
Real Wage (Purchasing Power)
$238,190
Adjusted for COL (100)
In Waco, TX, the Cost of Living Index is 100. This increases your effective purchasing power from $238,190 to $238,190.
Job Market Context
90
Total Jobs
0.685
Per 1K Jobs
0.98
Location Quotient
Waco, TX has 0.98x 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.
90 people work as Family Medicine Physicians in Waco, TX.
Only 0.685 out of every 1,000 local jobs are Family Medicine Physicians roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Family Medicine Physicians Salary | $229,260↓ 4% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Family Medicine Physicians Salary | $229,330↓ 4% | 41 mi |
| Coastal Plains Region of Texas nonmetropolitan area Family Medicine Physicians Salary | $213,530↓ 10% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Family Medicine Physicians Salary | $179,660↓ 25% | 41 mi |
Comparing salaries near Waco, TX
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Waco, TX?
The median annual salary for a Family Medicine Physicians in Waco, TX is $238,190. This typically ranges from $161,630 for entry-level positions to $357,285 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 8.3% lower than the national median of $259,840.
Is Waco, TX a good place for Family Medicine Physicianss?
It depends on your priorities. While the average Family Medicine Physicians salary in Waco, TX is $238,190 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Waco, TX. See distinct detailed breakdown below.
Is Waco, TX a good place to live for Family Medicine Physicians?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($229,260) and Northwestern Region of Texas nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Waco, TX area with a job density of 0.685 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 Waco, TX