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Average General Internal Medicine Physicians Salary in Iowa

General Internal Medicine Physicians in Iowa are earning an impressive average annual salary of $280,320, which notably surpasses the national average of $272,010. This elevated compensation in Iowa can be attributed to a combination of factors, including the specific healthcare demands within the state and the overall economic landscape that influences physician remuneration.

Executive Summary

  • Average Salary: $280,320 per year.
  • Growth Trend: Salaries have shifted 21.8% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $420,480.
  • Outlook: With a total local workforce of 360 General Internal Medicine Physicians, Iowa presents a moderate employment landscape for this specialty. The Location Quotient of 0.53 indicates that this profession is less concentrated in Iowa compared to the national average, suggesting that while opportunities exist, the field is not oversaturated, potentially leading to stable demand for qualified professionals.
2024 Market Data

Salary Overview

$280,320

The average General Internal Medicine Physicians in Iowa earns+3.1%above the national average.

BreakdownBased on 40h/week
Hourly

$134.8

Weekly

$5,391

Monthly

$23,360

General Internal Medicine Physicians Salary Distribution in Iowa

Salary progression for General Internal Medicine Physicians in Iowa, as elsewhere, is typically tied to experience. Entry-level physicians can expect to earn at the lower end of the pay scale, while those with extensive experience and specialized skills will command higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior physician salaries signifies clear career advancement opportunities and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$80,840$38.9
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$210,240$101.1
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$280,322$134.8
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$350,400$168.5
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$420,480$202.2

Detailed General Internal Medicine Physicians Market Analysis

Relocation Context

Nominal Salary

$280,320

Gross Pay

Real Wage (Purchasing Power)

$312,508

Adjusted for COL (89.7)

The average annual salary of $280,320 in Iowa offers significant purchasing power, especially when contrasted with the state's Cost of Living Index of 89.7, which is below the national average of 100. This means that the nominal salary translates into a higher real income, allowing physicians to enjoy a better standard of living and greater financial flexibility compared to many other regions in the United States.

Job Market Context

360

Total Jobs

0.231

Per 1K Jobs

0.53

Location Quotient

Below Average

Iowa has 0.53x 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.

The Location Quotient of 0.53 for General Internal Medicine Physicians in Iowa suggests that the state has a lower concentration of these professionals relative to the national average. This indicates that the job market may be less competitive, and there could be a greater demand for physicians in this specialty compared to states with higher concentration ratios, potentially offering more abundant job opportunities.

Nearby Job Markets

Nearby Cities for General Internal Medicine Physicians

Comparing salaries near Iowa

Hiring General Internal Medicine Physicianss?

Frequently Asked Questions

How much does a General Internal Medicine Physicians make in Iowa?

The median annual salary for a General Internal Medicine Physicians in Iowa is $280,320. This typically ranges from $80,840 for entry-level positions to $420,480 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Iowa is 3.1% higher than the national median of $272,010.

Is Iowa a lucrative place for General Internal Medicine Physicians?

Yes, Iowa offers a lucrative environment for General Internal Medicine Physicians.Physicians in Iowa earn above the national average salary, and the lower cost of living further enhances their financial well-being and purchasing power.

Is Iowa a good place to live for General Internal Medicine Physicians?

With a Cost of Living Index of 89.7 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Iowa?

Some top paying nearby cities include Des Moines-West Des Moines, IA ($328,150) and Cedar Rapids, IA.

How does Iowa's average salary compare to the national average for General Internal Medicine Physicians?

General Internal Medicine Physicians in Iowa earn an average of $280,320 annually, which is higher than the national average of $272,010.

What is the concentration of General Internal Medicine Physicians in Iowa?

Iowa has a Location Quotient of 0.53 for General Internal Medicine Physicians, meaning the profession is less concentrated in the state compared to the national average.

How does the cost of living in Iowa affect physician salaries?

With a Cost of Living Index of 89.7 (below the national average of 100), the $280,320 salary in Iowa provides a higher real income and greater purchasing power for physicians.

What does the job market look like for General Internal Medicine Physicians in Iowa?

The job market is moderately sized with 360 physicians, and the lower concentration suggests potentially stable demand and good opportunities for qualified professionals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Iowa area with a job density of 0.231 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.