Average General Internal Medicine Physicians Salary in Minnesota
General Internal Medicine Physicians in Minnesota are earning an impressive average annual salary of $327,510, substantially exceeding the national average of $272,010. This elevated compensation is likely driven by a combination of factors unique to the state, including a robust healthcare system, specialized demand, and potentially higher living costs in key metropolitan areas.
Executive Summary
- Average Salary: $327,510 per year.
- Growth Trend: Salaries have shifted 27.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $491,265.
- Outlook: With a local workforce of 1,870 General Internal Medicine Physicians, Minnesota demonstrates a significant presence in this medical specialty. The Location Quotient of 1.48 indicates a higher concentration of these professionals compared to the national average, suggesting a strong and established demand for their services within the state's healthcare infrastructure.
Salary Overview
The average General Internal Medicine Physicians in Minnesota earns+20.4%above the national average.
$157.5
$6,298
$27,293
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 Minnesota have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in medical technology, and inflation typically contribute to a steady upward trajectory in physician compensation.
General Internal Medicine Physicians Salary Distribution in Minnesota
Salary progression for General Internal Medicine Physicians in Minnesota typically scales significantly with experience. Entry-level physicians can expect to earn at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills command top-tier salaries, often found in the higher percentiles. The widening gap between entry-level and senior positions clearly signifies substantial career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $164,990 | $79.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $245,633 | $118.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $327,517 | $157.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $409,388 | $196.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $491,265 | $236.2 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$327,510
Gross Pay
Real Wage (Purchasing Power)
$346,939
Adjusted for COL (94.4)
The nominal average annual salary of $327,510 for General Internal Medicine Physicians in Minnesota presents a favorable financial picture when considering the local Cost of Living Index of 94.4. This index is slightly below the national average, meaning that the higher physician earnings translate into greater purchasing power and a potentially higher standard of living for these medical professionals compared to their national counterparts.
Job Market Context
1,870
Total Jobs
0.64
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Minnesota has a slightly higher-than-average concentration of General Internal Medicine Physicians roles compared to the national norm.
A Location Quotient of 1.48 for General Internal Medicine Physicians in Minnesota signifies a notable concentration of this specialty within the state, exceeding the national average. This suggests a competitive yet abundant job market where demand is robust enough to support a larger proportion of these physicians, potentially leading to greater opportunities for specialization and career development.
Nearby Job Markets
Nearby Cities for General Internal Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN General Internal Medicine Physicians Salary | $350,470↑ 7% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI General Internal Medicine Physicians Salary | $279,990↓ 15% | 58 mi |
Comparing salaries near Minnesota
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Minnesota?
The median annual salary for a General Internal Medicine Physicians in Minnesota is $327,510. This typically ranges from $164,990 for entry-level positions to $491,265 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minnesota is 20.4% higher than the national median of $272,010.
Is Minnesota a lucrative place for General Internal Medicine Physicians?
Yes, Minnesota is a lucrative location for General Internal Medicine Physicians.Physicians in this field earn an average of $327,510 annually, significantly higher than the national average, and the cost of living is slightly below the national average, enhancing their purchasing power.
Is Minnesota a good place to live for General Internal Medicine Physicians?
With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Minnesota?
Some top paying nearby cities include St. Cloud, MN ($350,470) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does Minnesota's average salary compare to the national average?
General Internal Medicine Physicians in Minnesota earn an average of $327,510, which is approximately $55,500 more than the national average of $272,010.
What is the concentration of General Internal Medicine Physicians in Minnesota?
Minnesota has a Location Quotient of 1.48 for General Internal Medicine Physicians, indicating that the state has a concentration that is 48% higher than the national average.
How does the cost of living in Minnesota affect physician salaries?
With a Cost of Living Index of 94.4, Minnesota is slightly more affordable than the national average (100). This means the higher average salary of $327,510 provides physicians with greater real income and purchasing power.
What does the job market look like for General Internal Medicine Physicians in Minnesota?
The market appears robust, with a total local workforce of 1,870 physicians and a higher-than-average concentration (LQ 1.48), suggesting strong demand and a significant presence of this specialty.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,870 employees in the Minnesota area with a job density of 0.64 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 Minnesota