Average General Internal Medicine Physicians Salary in Chicago-Naperville-Elgin, IL-IN
General Internal Medicine Physicians in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $255,530. This figure is slightly below the national average of $272,010, suggesting a localized market dynamic influencing compensation. Factors such as regional demand, healthcare infrastructure, and the specific needs of the patient population likely contribute to this pay scale.
Executive Summary
- Average Salary: $255,530 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $383,295.
- Outlook: With a local workforce of 1,420 General Internal Medicine Physicians, the Chicago-Naperville-Elgin area demonstrates a substantial presence in this medical specialty. The Location Quotient of 0.74 indicates that this profession is slightly less concentrated here compared to the national average, suggesting a stable but not overly saturated job market. The number of jobs per 1,000 workers at 0.318 further supports a consistent demand for these essential healthcare providers.
Salary Overview
The average General Internal Medicine Physicians in Chicago-Naperville-Elgin, IL-IN earns-6.1%below the national average.
$122.9
$4,914
$21,294
General Internal Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for skilled medical professionals like General Internal Medicine Physicians have experienced consistent growth over the past four years, driven by increasing healthcare needs and advancements in medical practices. This upward trend is likely reflected in the Chicago-Naperville-Elgin area, contributing to the current compensation levels.
General Internal Medicine Physicians Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for General Internal Medicine Physicians typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned physicians with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $71,360 | $34.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $191,648 | $92.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $234,440 | $112.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $319,413 | $153.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $383,295 | $184.3 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$255,530
Gross Pay
Real Wage (Purchasing Power)
$255,530
Adjusted for COL (100)
The average annual salary of $255,530 for General Internal Medicine Physicians in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of this salary within the Chicago metropolitan area is equivalent to the national average, offering a balanced financial landscape for physicians.
Job Market Context
1,420
Total Jobs
0.318
Per 1K Jobs
0.74
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 0.74x 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 0.74 for General Internal Medicine Physicians in Chicago-Naperville-Elgin, IL-IN suggests that the concentration of these professionals is slightly below the national average. This indicates that while the market is robust enough to support a significant number of practitioners, there may be opportunities for new physicians to establish themselves without facing extreme competition, relative to national benchmarks.
Nearby Job Markets
Nearby Cities for General Internal Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Niles, MI General Internal Medicine Physicians Salary | $420,110↑ 64% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a General Internal Medicine Physicians in Chicago-Naperville-Elgin, IL-IN is $255,530. This typically ranges from $71,360 for entry-level positions to $383,295 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 6.1% lower than the national median of $272,010.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for General Internal Medicine Physicianss?
Yes, it offers competitive compensation and a stable job market.While the average salary is slightly below the national average, it is still substantial at $255,530 and is matched by a Cost of Living Index of 100, indicating strong purchasing power. The market also shows consistent demand with a notable workforce size.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for General Internal Medicine Physicians?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Niles, MI ($420,110) and others.
How does the Chicago salary compare to the national average for General Internal Medicine Physicians?
The average annual salary for General Internal Medicine Physicians in Chicago-Naperville-Elgin, IL-IN is $255,530, which is approximately $16,480 less than the national average of $272,010.
What is the Cost of Living in Chicago-Naperville-Elgin, IL-IN relative to the national average?
The Cost of Living Index for the Chicago-Naperville-Elgin, IL-IN area is 100, which is exactly the national average. This means the purchasing power of the local salary is equivalent to the national average.
How concentrated is the job market for General Internal Medicine Physicians in Chicago?
The Location Quotient is 0.74, indicating that General Internal Medicine Physicians are slightly less concentrated in the Chicago-Naperville-Elgin, IL-IN area compared to the national average.
What is the total number of General Internal Medicine Physicians in the Chicago area?
There are approximately 1,420 General Internal Medicine Physicians employed within the Chicago-Naperville-Elgin, IL-IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,420 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.318 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 Chicago-Naperville-Elgin, IL-IN