Average General Internal Medicine Physicians Salary in Raleigh-Cary, NC
General Internal Medicine Physicians in Raleigh-Cary, NC, command an average annual salary of $247,840. This figure is notably below the national average of $272,010, suggesting that local market dynamics, such as demand and supply, may be influencing compensation in this specific metropolitan area. Factors unique to the Raleigh-Cary region likely contribute to this pay differential.
Executive Summary
- Average Salary: $247,840 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $371,760.
- Outlook: The job market for General Internal Medicine Physicians in Raleigh-Cary, NC, appears to be moderately concentrated, with a Location Quotient of 0.68 indicating a presence slightly below the national average. While the total local workforce of 210 physicians suggests a stable, albeit not exceptionally large, pool of professionals, the demand, as reflected by jobs per 1,000 workers at 0.293, warrants careful consideration for those seeking to enter or advance within this field in the area.
Salary Overview
The average General Internal Medicine Physicians in Raleigh-Cary, NC earns-8.9%below the national average.
$119.2
$4,766
$20,653
General Internal Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the field of General Internal Medicine has experienced steady salary growth over the past four years, driven by an aging population and increasing healthcare needs. This trend likely extends to the Raleigh-Cary region, where physicians can expect their earning potential to have incrementally increased, reflecting both inflation and evolving market demands for specialized medical expertise.
General Internal Medicine Physicians Salary Distribution in Raleigh-Cary, NC
Salary progression for General Internal Medicine Physicians in Raleigh-Cary, NC, typically scales significantly with experience. Entry-level positions may start at a lower percentile, but as physicians gain years of practice and potentially specialize further, their earning potential can rise to senior-level compensation. The widening gap between lower and higher salary percentiles underscores the substantial career advancement and increased earning capacity available through dedicated experience and skill development in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $59,570 | $28.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $185,880 | $89.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $216,810 | $104.2 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $309,800 | $148.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $371,760 | $178.7 |
Detailed General Internal Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$247,840
Gross Pay
Real Wage (Purchasing Power)
$247,840
Adjusted for COL (100)
The average annual salary of $247,840 for General Internal Medicine Physicians in Raleigh-Cary, NC, aligns precisely with the national average cost of living index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, without the added financial strain of a higher cost of living that might be experienced in more expensive metropolitan areas. Consequently, the compensation is well-balanced with the local economic environment.
Job Market Context
210
Total Jobs
0.293
Per 1K Jobs
0.68
Location Quotient
Raleigh-Cary, NC has 0.68x 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.
With a Location Quotient of 0.68, Raleigh-Cary, NC, has a slightly lower concentration of General Internal Medicine Physicians compared to the national average. This suggests that while the profession is present, it is not as densely populated as in some other regions, potentially indicating a competitive market for highly skilled physicians or an opportunity for those entering the field to establish a strong presence. The job market is neither saturated nor exceptionally scarce, presenting a balanced environment for employment.
Nearby Job Markets
Nearby Cities for General Internal Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC General Internal Medicine Physicians Salary | $246,530↓ 1% | 18 mi |
| Fayetteville, NC General Internal Medicine Physicians Salary | $265,480↑ 7% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring General Internal Medicine Physicianss?
Frequently Asked Questions
How much does a General Internal Medicine Physicians make in Raleigh-Cary, NC?
The median annual salary for a General Internal Medicine Physicians in Raleigh-Cary, NC is $247,840. This typically ranges from $59,570 for entry-level positions to $371,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 8.9% lower than the national median of $272,010.
Is Raleigh-Cary, NC a lucrative place for General Internal Medicine Physicians?
No, not exceptionally lucrative compared to the national average.While the average salary of $247,840 is substantial, it falls below the national average of $272,010. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Raleigh-Cary, NC a good place to live for General Internal Medicine Physicians?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($246,530) and Fayetteville, NC.
How does the Raleigh-Cary physician salary compare to the national average?
General Internal Medicine Physicians in Raleigh-Cary, NC, earn an average of $247,840 annually, which is approximately 8.9% lower than the national average of $272,010.
What is the cost of living in Raleigh-Cary, NC for physicians?
The cost of living in Raleigh-Cary, NC, is exactly at the national average (index of 100), meaning that the $247,840 salary offers standard purchasing power relative to the rest of the United States.
How concentrated is the market for General Internal Medicine Physicians in Raleigh-Cary, NC?
The market is moderately concentrated, with a Location Quotient of 0.68, indicating fewer physicians per capita than the national average. This suggests a stable but not overly saturated job market.
What does the job market look like for physicians in Raleigh-Cary, NC?
There are 210 General Internal Medicine Physicians in the local workforce, with 0.293 jobs per 1,000 workers, indicating a consistent presence and demand for these medical professionals in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Raleigh-Cary, NC area with a job density of 0.293 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 Raleigh-Cary, NC