Average General Internal Medicine Physicians Salary in Minneapolis-St. Paul-Bloomington, MN-WI
General Internal Medicine Physicians in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area command an impressive average annual salary of $279,990. This figure notably surpasses the national average of $272,010, indicating a premium for physicians in this region. The localized demand and specialized healthcare needs within this significant metropolitan hub likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $279,990 per year.
- Growth Trend: Salaries have shifted 13.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $419,985.
- Outlook: With a local workforce of 1,050 General Internal Medicine Physicians and a Location Quotient of 1.26, the Minneapolis-St. Paul-Bloomington area demonstrates a robust and slightly concentrated job market for this specialty. This quotient suggests a higher prevalence of these physicians compared to the national average, implying consistent demand and a healthy employment landscape for qualified professionals.
Salary Overview
The average General Internal Medicine Physicians in Minneapolis-St. Paul-Bloomington, MN-WI earns+2.9%above the national average.
$134.6
$5,384
$23,333
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 Minneapolis-St. Paul-Bloomington have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, physician shortages in certain areas, and advancements in medical practices typically drive upward salary adjustments in this vital profession.
General Internal Medicine Physicians Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Salary progression for General Internal Medicine Physicians is strongly tied to experience. Entry-level physicians can expect to earn at the lower end of the pay scale, while those with several years of practice and specialized skills will command significantly higher salaries, often reaching the upper percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities and increased earning potential with accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $136,430 | $65.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $209,993 | $101 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $279,989 | $134.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $349,988 | $168.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $419,985 | $201.9 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$279,990
Gross Pay
Real Wage (Purchasing Power)
$279,990
Adjusted for COL (100)
The average annual salary of $279,990 in Minneapolis-St. Paul-Bloomington aligns perfectly with the national average Cost of Living Index of 100. This means that physicians earning this salary will find their purchasing power is equivalent to the national average, enjoying a stable financial standing without the added pressure of a higher cost of living impacting their take-home pay.
Job Market Context
1,050
Total Jobs
0.543
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, Minneapolis-St. Paul-Bloomington, MN-WI has a slightly higher-than-average concentration of General Internal Medicine Physicians roles compared to the national norm.
A Location Quotient of 1.26 for General Internal Medicine Physicians in Minneapolis-St. Paul-Bloomington signifies a market where this specialty is more concentrated than the national average. This suggests a competitive yet abundant job market, with a solid presence of these professionals indicating established healthcare infrastructure and ongoing demand for their services within the region.
Nearby Job Markets
Nearby Cities for General Internal Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Southeast Minnesota nonmetropolitan area General Internal Medicine Physicians Salary | $320,900↑ 15% | 58 mi |
| St. Cloud, MN General Internal Medicine Physicians Salary | $350,470↑ 25% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a General Internal Medicine Physicians in Minneapolis-St. Paul-Bloomington, MN-WI is $279,990. This typically ranges from $136,430 for entry-level positions to $419,985 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 2.9% higher than the national median of $272,010.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for General Internal Medicine Physicianss?
Yes, it is a lucrative location for General Internal Medicine Physicians.Physicians in this area earn an average of $279,990, which is higher than the national average. Furthermore, the cost of living is at the national average, allowing for strong purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for General Internal Medicine Physicians?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Southeast Minnesota nonmetropolitan area ($320,900) and St. Cloud, MN.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
The average annual salary for General Internal Medicine Physicians in Minneapolis-St. Paul-Bloomington is $279,990, which is $7,980 higher than the national average of $272,010.
What is the concentration of General Internal Medicine Physicians in Minneapolis-St. Paul-Bloomington?
The Location Quotient of 1.26 indicates that General Internal Medicine Physicians are 26% more concentrated in Minneapolis-St. Paul-Bloomington than the national average, suggesting a strong presence of this profession.
How does the cost of living affect the physician's salary in Minneapolis-St. Paul-Bloomington?
With a Cost of Living Index of 100, the local cost of living is exactly at the national average. This means the $279,990 salary offers purchasing power equivalent to the national average, making it a financially stable region.
What is the total number of General Internal Medicine Physicians in the Minneapolis-St. Paul-Bloomington area?
There are approximately 1,050 General Internal Medicine Physicians employed within the Minneapolis-St. Paul-Bloomington 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 1,050 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 0.543 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 Minneapolis-St. Paul-Bloomington, MN-WI