Average General Internal Medicine Physicians Salary in Providence-Warwick, RI-MA
General Internal Medicine Physicians in the Providence-Warwick, RI-MA area earn an average annual salary of $263,310. This figure is slightly below the national average of $272,010, suggesting a competitive but not premium compensation landscape. Local demand, workforce dynamics, and regional economic factors likely influence this specific pay scale.
Executive Summary
- Average Salary: $263,310 per year.
- Growth Trend: Salaries have shifted 31.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $394,965.
- Outlook: With a local workforce of 380 General Internal Medicine Physicians, the Providence-Warwick area demonstrates a stable presence in this critical medical field. The Location Quotient of 1.23 indicates a slightly higher concentration of these professionals than the national average, suggesting a robust local demand that supports the existing workforce.
Salary Overview
The average General Internal Medicine Physicians in Providence-Warwick, RI-MA earns-3.2%below the national average.
$126.6
$5,064
$21,943
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 Providence-Warwick, RI-MA have experienced a steady upward trend over the past four years, mirroring national patterns of increasing healthcare compensation. This growth is driven by factors such as inflation, evolving healthcare needs, and physician shortages.
General Internal Medicine Physicians Salary Distribution in Providence-Warwick, RI-MA
Salary progression for General Internal Medicine Physicians typically scales with experience. Entry-level physicians 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 entry-level and senior roles signifies clear career advancement opportunities and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $66,940 | $32.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $197,483 | $94.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $230,350 | $110.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $329,138 | $158.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $394,965 | $189.9 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$263,310
Gross Pay
Real Wage (Purchasing Power)
$263,310
Adjusted for COL (100)
The average annual salary of $263,310 in Providence-Warwick, RI-MA aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a physician's salary in this region is equivalent to the national standard, offering stability for those relocating.
Job Market Context
380
Total Jobs
0.532
Per 1K Jobs
1.23
Location Quotient
With a location quotient of 1.23, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of General Internal Medicine Physicians roles compared to the national norm.
A Location Quotient of 1.23 signifies that General Internal Medicine Physicians are 23% more concentrated in Providence-Warwick, RI-MA than the national average. This suggests a healthy and potentially competitive job market where demand is slightly elevated, offering good opportunities for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for General Internal Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA General Internal Medicine Physicians Salary | $303,990↑ 15% | 37 mi |
| Boston-Cambridge-Newton, MA-NH General Internal Medicine Physicians Salary | $248,860↓ 5% | 38 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Providence-Warwick, RI-MA?
The median annual salary for a General Internal Medicine Physicians in Providence-Warwick, RI-MA is $263,310. This typically ranges from $66,940 for entry-level positions to $394,965 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 3.2% lower than the national median of $272,010.
Is Providence-Warwick, RI-MA a lucrative place for General Internal Medicine Physicians?
Yes, it offers competitive compensation.The average salary of $263,310 is substantial, and with a cost of living index matching the national average, the purchasing power is strong. The slightly higher concentration of physicians also indicates a robust local demand.
Is Providence-Warwick, RI-MA a good place to live for General Internal Medicine Physicians?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Worcester, MA ($303,990) and Boston-Cambridge-Newton, MA-NH.
How does the Providence-Warwick physician salary compare to the national average?
The average salary of $263,310 in Providence-Warwick is slightly lower than the national average of $272,010, by approximately 3.2%.
What is the significance of the Location Quotient (LQ) of 1.23?
An LQ of 1.23 indicates that Providence-Warwick has a higher concentration of General Internal Medicine Physicians compared to the national average, suggesting a strong local presence and demand for these specialists.
How does the cost of living affect the physician's salary in Providence-Warwick?
With a Cost of Living Index of 100, the local cost of living is exactly at the national average. Therefore, the nominal salary of $263,310 provides purchasing power equivalent to the national average.
What does the total local workforce number of 380 imply?
A workforce of 380 General Internal Medicine Physicians suggests a significant and established presence of these medical professionals within the Providence-Warwick region, supporting the healthcare infrastructure.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Providence-Warwick, RI-MA area with a job density of 0.532 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 Providence-Warwick, RI-MA