Average General Internal Medicine Physicians Salary in Colorado
General Internal Medicine Physicians in Colorado earn an average annual salary of $268,320, slightly below the national average of $272,010. This marginal difference is often influenced by a complex interplay of factors including the state's specific healthcare demands, the cost of living, and the concentration of physicians within the local workforce.
Executive Summary
- Average Salary: $268,320 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $402,480.
- Outlook: With a total local workforce of 700 General Internal Medicine Physicians, Colorado presents a moderately sized, yet potentially stable job market. The Location Quotient of 0.56 indicates that this profession is less concentrated in Colorado compared to the national average, suggesting that while the absolute number of physicians is substantial, the demand relative to the national landscape might be more specialized or less saturated.
Salary Overview
The average General Internal Medicine Physicians in Colorado earns-1.4%below the national average.
$129
$5,160
$22,360
General Internal Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the field of General Internal Medicine in Colorado has experienced consistent salary growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, physician shortages in certain specialties, and inflation likely contribute to an upward trajectory in compensation for these vital healthcare professionals.
General Internal Medicine Physicians Salary Distribution in Colorado
Salary progression for General Internal Medicine Physicians in Colorado typically scales significantly with experience. Entry-level positions may start at the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between lower and higher percentile earnings clearly signifies the career advancement and increased earning potential available through specialization and accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $132,700 | $63.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $201,240 | $96.8 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $268,320 | $129 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $335,400 | $161.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $402,480 | $193.5 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$268,320
Gross Pay
Real Wage (Purchasing Power)
$254,332
Adjusted for COL (105.5)
The average annual salary of $268,320 in Colorado needs to be viewed in the context of its Cost of Living Index of 105.5. This index, which is 5.5% higher than the national average, means that while the nominal salary is robust, the purchasing power of that income is slightly diminished compared to a national average cost of living. Prospective physicians should factor this into their financial planning.
Job Market Context
700
Total Jobs
0.243
Per 1K Jobs
0.56
Location Quotient
Colorado has 0.56x 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 0.56 for General Internal Medicine Physicians in Colorado suggests that the state has a lower concentration of these professionals relative to the national average. This could indicate a less competitive market for highly specialized roles or potentially a higher demand for physicians in certain areas, making it an opportune market for those seeking employment, especially if they possess in-demand skills.
Nearby Job Markets
Nearby Cities for General Internal Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO General Internal Medicine Physicians Salary | $300,660↑ 12% | 32 mi |
| Denver-Aurora-Centennial, CO General Internal Medicine Physicians Salary | $265,530↓ 1% | 54 mi |
| Boulder, CO General Internal Medicine Physicians Salary | $236,200↓ 12% | 67 mi |
Comparing salaries near Colorado
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Colorado?
The median annual salary for a General Internal Medicine Physicians in Colorado is $268,320. This typically ranges from $132,700 for entry-level positions to $402,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado is 1.4% lower than the national median of $272,010.
Is Colorado a lucrative place for General Internal Medicine Physicians?
Yes, with considerations.Colorado offers a strong average salary of $268,320, which is competitive, though slightly below the national average. However, the higher cost of living means careful financial planning is essential for maximizing earning potential.
Is Colorado a good place to live for General Internal Medicine Physicians?
The Cost of Living Index in Colorado is 105.5. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado?
Some top paying nearby cities include Colorado Springs, CO ($300,660) and Denver-Aurora-Centennial, CO.
How does Colorado's physician salary compare nationally?
General Internal Medicine Physicians in Colorado earn an average of $268,320 annually, which is slightly lower than the national average of $272,010.
What is the significance of the Location Quotient in Colorado?
A Location Quotient of 0.56 indicates that General Internal Medicine Physicians are less concentrated in Colorado compared to the national average, potentially signaling a less saturated job market.
How does the cost of living affect physician salaries in Colorado?
Colorado's Cost of Living Index is 105.5, meaning it's 5.5% more expensive than the national average. This higher cost of living slightly reduces the real value of the $268,320 average salary compared to areas with a lower cost of living.
What is the total number of General Internal Medicine Physicians in Colorado?
There are approximately 700 General Internal Medicine Physicians working in Colorado, representing a significant presence within the state'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 700 employees in the Colorado area with a job density of 0.243 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 Colorado