Average General Internal Medicine Physicians Salary in Montana
General Internal Medicine Physicians in Montana earn an average annual salary of $223,380. This figure is notably below the national average of $272,010, suggesting that while demand exists, the compensation structure may be influenced by factors unique to the state's economic landscape and healthcare system. Understanding these local dynamics is crucial for physicians considering practice in Big Sky Country.
Executive Summary
- Average Salary: $223,380 per year.
- Growth Trend: Salaries have shifted 8.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $335,070.
- Outlook: With a total local workforce of 270 General Internal Medicine Physicians, Montana presents a relatively concentrated market. The Location Quotient of 1.22 indicates a higher concentration of these professionals compared to the national average, suggesting a robust demand or a strategic focus on internal medicine within the state's healthcare infrastructure. This concentration, coupled with a specific job density of 0.527 jobs per 1,000 workers, points towards a stable, albeit specialized, job market for these physicians.
Salary Overview
The average General Internal Medicine Physicians in Montana earns-17.9%below the national average.
$107.4
$4,296
$18,615
General Internal Medicine Physicians Salary Trends (2020-2024)
While specific historical data for Montana's General Internal Medicine Physicians is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns in the healthcare sector. Factors such as increasing healthcare needs, physician shortages in certain specialties, and inflation likely contribute to upward pressure on compensation, even in states with a lower average than the national benchmark.
General Internal Medicine Physicians Salary Distribution in Montana
Salary progression for General Internal Medicine Physicians typically scales significantly with experience. Entry-level physicians may start at the lower end of the pay scale, while those with a decade or more of experience, specialized skills, and a strong patient base can command salaries well into the upper percentiles. The gap between starting salaries and those earned by senior physicians reflects not only accumulated expertise but also increased responsibility and established professional reputations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $65,540 | $31.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $167,535 | $80.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $223,392 | $107.4 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $279,225 | $134.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $335,070 | $161.1 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$223,380
Gross Pay
Real Wage (Purchasing Power)
$208,962
Adjusted for COL (106.9)
Montana's average salary of $223,380 for General Internal Medicine Physicians needs to be viewed in the context of its Cost of Living Index of 106.9. This index is slightly above the national average (100), meaning that while the nominal salary is substantial, the purchasing power might be marginally less than in a lower-cost-of-living area with a comparable salary. However, the difference is not drastic, suggesting that the take-home pay in Montana remains competitive for physicians.
Job Market Context
270
Total Jobs
0.527
Per 1K Jobs
1.22
Location Quotient
With a location quotient of 1.22, Montana has a slightly higher-than-average concentration of General Internal Medicine Physicians roles compared to the national norm.
The Location Quotient of 1.22 for General Internal Medicine Physicians in Montana signifies a higher concentration of these professionals than the national average. This suggests that Montana may be actively recruiting or retaining these specialists, potentially indicating a strong demand relative to the national distribution. While not indicative of an oversaturated market, it points to a well-established presence of internal medicine expertise within the state's healthcare system.
Nearby Job Markets
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Montana?
The median annual salary for a General Internal Medicine Physicians in Montana is $223,380. This typically ranges from $65,540 for entry-level positions to $335,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montana is 17.9% lower than the national median of $272,010.
Is Montana a lucrative place for General Internal Medicine Physicians?
Yes, with caveats.While the average salary of $223,380 is below the national average, Montana's slightly above-average cost of living means the purchasing power is still considerable. The strong concentration of physicians (LQ 1.22) also suggests a stable demand for their services.
Is Montana a good place to live for General Internal Medicine Physicians?
The Cost of Living Index in Montana is 106.9. While higher than average, this often correlates with higher wages.
How does Montana's salary for General Internal Medicine Physicians compare to the national average?
General Internal Medicine Physicians in Montana earn an average of $223,380 annually, which is lower than the national average of $272,010.
Is the job market for General Internal Medicine Physicians strong in Montana?
Yes, the Location Quotient of 1.22 indicates a higher concentration of these physicians in Montana compared to the national average, suggesting a robust demand.
How does the cost of living in Montana affect the physician's salary?
Montana's Cost of Living Index is 106.9, slightly above the national average. This means the $223,380 salary offers slightly less purchasing power than in a lower-cost area, but remains competitive.
What is the total number of General Internal Medicine Physicians in Montana?
There are approximately 270 General Internal Medicine Physicians employed in Montana.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Montana area with a job density of 0.527 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 Montana