Average General Internal Medicine Physicians Salary in Albany-Schenectady-Troy, NY
General Internal Medicine Physicians in Albany-Schenectady-Troy, NY, earn an average annual salary of $203,990. This figure is notably below the national average of $272,010, suggesting localized market dynamics and potentially different demand-supply equilibriums at play within the region. Factors such as the specific healthcare needs of the population and the presence of competing healthcare systems likely influence this compensation structure.
Executive Summary
- Average Salary: $203,990 per year.
- Growth Trend: Salaries have shifted 23.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $305,985.
- Outlook: The Albany-Schenectady-Troy region supports a local workforce of 410 General Internal Medicine Physicians, indicating a stable, albeit not overwhelmingly large, presence of these professionals. With a Location Quotient of 2.14, the concentration of these physicians is more than double the national average, signaling a robust demand or a specialized focus on internal medicine within the area's healthcare landscape.
Salary Overview
The average General Internal Medicine Physicians in Albany-Schenectady-Troy, NY earns-25.0%below the national average.
$98.1
$3,923
$16,999
General Internal Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for General Internal Medicine Physicians in Albany-Schenectady-Troy have experienced growth over the past four years, mirroring national trends. Economic factors, evolving healthcare demands, and physician shortages typically drive upward salary adjustments in specialized medical fields.
General Internal Medicine Physicians Salary Distribution in Albany-Schenectady-Troy, NY
Salary progression for General Internal Medicine Physicians typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned physicians with extensive experience and specialized skills can expect to earn substantially more, often reaching into the higher percentiles of the salary distribution. The gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $70,970 | $34.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $152,993 | $73.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $191,140 | $91.9 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $254,988 | $122.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $305,985 | $147.1 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$203,990
Gross Pay
Real Wage (Purchasing Power)
$203,990
Adjusted for COL (100)
The nominal average annual salary of $203,990 for General Internal Medicine Physicians in Albany-Schenectady-Troy aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial foundation for professionals relocating to or residing in the area.
Job Market Context
410
Total Jobs
0.926
Per 1K Jobs
2.14
Location Quotient
Albany-Schenectady-Troy, NY has 2.1x the national concentration of General Internal Medicine Physicians jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 2.14 for General Internal Medicine Physicians in Albany-Schenectady-Troy indicates a significantly higher concentration of these professionals compared to the national average. This suggests that the job market may be more competitive for new entrants, or conversely, that the region has a strong, established network of internal medicine specialists catering to local healthcare needs.
Nearby Job Markets
Nearby Cities for General Internal Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA General Internal Medicine Physicians Salary | $272,320↑ 33% | 31 mi |
| Glens Falls, NY General Internal Medicine Physicians Salary | $210,620↑ 3% | 45 mi |
| Southwest New York nonmetropolitan area General Internal Medicine Physicians Salary | $254,600↑ 25% | 68 mi |
| Central East New York nonmetropolitan area General Internal Medicine Physicians Salary | $287,490↑ 41% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Albany-Schenectady-Troy, NY?
The median annual salary for a General Internal Medicine Physicians in Albany-Schenectady-Troy, NY is $203,990. This typically ranges from $70,970 for entry-level positions to $305,985 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 25.0% lower than the national median of $272,010.
Is Albany-Schenectady-Troy, NY a lucrative place for General Internal Medicine Physicianss?
No, not compared to the national average.While the average salary of $203,990 is substantial, it falls considerably short of the national average of $272,010. However, the cost of living is at the national average, making the salary's purchasing power equivalent nationally.
Is Albany-Schenectady-Troy, NY a good place to live for General Internal Medicine Physicians?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($272,320) and Glens Falls, NY.
How does the local workforce size affect job prospects for General Internal Medicine Physicians in Albany?
The local workforce of 410 suggests a well-established community of physicians, which could imply a stable job market but potentially more competition for new positions compared to areas with smaller physician concentrations.
What does a Location Quotient of 2.14 mean for General Internal Medicine Physicians in Albany?
A Location Quotient of 2.14 signifies that General Internal Medicine Physicians are more than twice as concentrated in Albany-Schenectady-Troy as they are nationally, indicating a strong regional presence and potentially high demand for their specialized services.
How does the cost of living in Albany-Schenectady-Troy compare to the national average?
The cost of living index is exactly 100, meaning it is precisely the national average. This indicates that the expenses for housing, goods, and services in this region are neither significantly higher nor lower than the typical US city.
Are there many job opportunities for General Internal Medicine Physicians in this region?
With 0.926 jobs per 1,000 workers, the availability of positions is slightly below the national average, suggesting a steady but not rapidly expanding job market for General Internal Medicine Physicians in Albany-Schenectady-Troy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.926 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for General Internal Medicine Physicians • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY