Average General Internal Medicine Physicians Salary in Charlotte-Concord-Gastonia, NC-SC
General Internal Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC are earning an impressive average annual salary of $288,940. This figure notably surpasses the national average of $272,010, indicating a strong local demand and potentially higher reimbursement rates or a more competitive healthcare market within the region. The specific economic drivers and healthcare needs of the Charlotte metropolitan area likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $288,940 per year.
- Growth Trend: Salaries have shifted 8.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $433,410.
- Outlook: With a local workforce of 420 General Internal Medicine Physicians and a Location Quotient of 0.73, the job market in Charlotte-Concord-Gastonia, NC-SC shows a slightly lower concentration compared to the national average. This suggests that while there is a stable presence of these professionals, the demand might not be overwhelmingly saturated, offering a steady environment for those in the field.
Salary Overview
The average General Internal Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC earns+6.2%above the national average.
$138.9
$5,557
$24,078
General Internal Medicine Physicians Salary Trends (2020-2024)
While specific historical data for this role in Charlotte is not provided, it is reasonable to assume a general upward trend in physician salaries over the past four years, mirroring national patterns. Factors such as increasing healthcare demands, inflation, and evolving medical practices typically contribute to salary growth for specialized medical professionals.
General Internal Medicine Physicians Salary Distribution in Charlotte-Concord-Gastonia, NC-SC
Salary progression for General Internal Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC, like elsewhere, is strongly tied to experience. Entry-level physicians can expect to earn at the lower end of the pay scale, while those with extensive experience, specialized skills, or leadership roles will command significantly higher salaries, often reaching the upper percentiles. The gap between entry-level and senior positions highlights clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $133,600 | $64.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $216,705 | $104.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $288,933 | $138.9 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $361,175 | $173.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $433,410 | $208.4 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$288,940
Gross Pay
Real Wage (Purchasing Power)
$288,940
Adjusted for COL (100)
The average annual salary of $288,940 in Charlotte-Concord-Gastonia, NC-SC aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a physician's salary in this area is equivalent to the national standard, offering a stable financial environment without the immediate pressure of higher or lower living expenses impacting disposable income.
Job Market Context
420
Total Jobs
0.315
Per 1K Jobs
0.73
Location Quotient
Charlotte-Concord-Gastonia, NC-SC has 0.73x the national average concentration of General Internal Medicine Physicians jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.73 for General Internal Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC indicates that the concentration of these professionals is below the national average. This suggests that the market is not overly saturated with this specific specialty, potentially leading to a more favorable environment for job seekers or those looking to establish or expand practices.
Nearby Job Markets
Nearby Cities for General Internal Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Eastern North Carolina nonmetropolitan area General Internal Medicine Physicians Salary | $235,100↓ 19% | 65 mi |
Comparing salaries near Charlotte-Concord-Gastonia, NC-SC
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Charlotte-Concord-Gastonia, NC-SC?
The median annual salary for a General Internal Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC is $288,940. This typically ranges from $133,600 for entry-level positions to $433,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charlotte-Concord-Gastonia, NC-SC is 6.2% higher than the national median of $272,010.
Is Charlotte-Concord-Gastonia, NC-SC a lucrative place for General Internal Medicine Physicianss?
Yes, it is a lucrative place for General Internal Medicine Physicians.The average salary of $288,940 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Charlotte-Concord-Gastonia, NC-SC a good place to live for General Internal Medicine Physicians?
The Cost of Living Index in Charlotte-Concord-Gastonia, NC-SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charlotte-Concord-Gastonia, NC-SC?
Some top paying nearby cities include Eastern North Carolina nonmetropolitan area ($235,100) and others.
How does the Charlotte physician salary compare to the national average?
General Internal Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC earn an average of $288,940 annually, which is higher than the national average of $272,010.
What is the Cost of Living in Charlotte-Concord-Gastonia, NC-SC for physicians?
The Cost of Living Index in Charlotte-Concord-Gastonia, NC-SC is 100, which is exactly the national average, meaning living expenses are neither significantly higher nor lower than the typical US city.
Is there high demand for General Internal Medicine Physicians in Charlotte?
With a Location Quotient of 0.73, the concentration of these physicians is below the national average, suggesting a potentially healthy demand relative to supply in the Charlotte metropolitan area.
How many General Internal Medicine Physicians are there in Charlotte-Concord-Gastonia, NC-SC?
The local workforce for General Internal Medicine Physicians in Charlotte-Concord-Gastonia, NC-SC consists of approximately 420 professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Charlotte-Concord-Gastonia, NC-SC area with a job density of 0.315 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 Charlotte-Concord-Gastonia, NC-SC