Average Pediatricians, General Salary in Richmond, VA
Pediatricians in Richmond, VA, earn an average annual salary of $190,890, which is notably below the national average of $224,440. This disparity can be attributed to a variety of local economic factors, including the specific demand for pediatric services within the Richmond metropolitan area and the overall compensation structures prevalent in the region's healthcare sector.
Executive Summary
- Average Salary: $190,890 per year.
- Growth Trend: Salaries have shifted 2.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $286,335.
- Outlook: Richmond, VA, hosts a concentrated workforce of 260 General Pediatricians, indicated by a Location Quotient of 1.43. This suggests a higher concentration of these professionals compared to the national average, implying a robust and potentially competitive job market for pediatric services within the area.
Salary Overview
The average Pediatricians, General in Richmond, VA earns-14.9%below the national average.
$91.8
$3,671
$15,908
Pediatricians, General Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Pediatricians, General in Richmond, VA, have experienced steady growth over the past four years, mirroring national trends of increasing demand for healthcare professionals and the rising cost of medical services.
Pediatricians, General Salary Distribution in Richmond, VA
The salary progression for Pediatricians, General in Richmond, VA, typically scales significantly with experience. Entry-level positions may start at lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting a clear career advancement path and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $107,960 | $51.9 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $143,168 | $68.8 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $158,590 | $76.2 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $238,613 | $114.7 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $286,335 | $137.7 |
Detailed Pediatricians, General Market Analysis
Relocation Context
Nominal Salary
$190,890
Gross Pay
Real Wage (Purchasing Power)
$190,890
Adjusted for COL (100)
With an average salary of $190,890 and a Cost of Living Index at the national average of 100, Pediatricians in Richmond, VA, experience a salary that aligns directly with the national cost of living. This means their purchasing power is comparable to the average American professional, making Richmond a stable financial environment for these medical experts.
Job Market Context
260
Total Jobs
0.399
Per 1K Jobs
1.43
Location Quotient
With a location quotient of 1.43, Richmond, VA has a slightly higher-than-average concentration of Pediatricians, General roles compared to the national norm.
The Location Quotient of 1.43 for General Pediatricians in Richmond, VA, signifies a 43% higher concentration of these professionals than the national average. This indicates a strong presence and potentially high demand for pediatric services, suggesting a competitive yet opportunity-rich environment for practitioners in this specialty.
Nearby Job Markets
Hiring Pediatricians, Generals?
Frequently Asked Questions
How much does a Pediatricians, General make in Richmond, VA?
The median annual salary for a Pediatricians, General in Richmond, VA is $190,890. This typically ranges from $107,960 for entry-level positions to $286,335 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 14.9% lower than the national median of $224,440.
Is Richmond, VA a lucrative place for Pediatricians, Generals?
Yes, with caveats.While the average salary of $190,890 is below the national average, the strong concentration of pediatricians (LQ 1.43) and a cost of living at the national average suggest a stable and potentially rewarding career environment.
Is Richmond, VA a good place to live for Pediatricians, Generals?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
How does the number of pediatricians in Richmond compare to the national average?
Richmond, VA has a higher concentration of General Pediatricians, with a Location Quotient of 1.43, indicating more pediatricians per worker than the national average.
What is the cost of living in Richmond, VA for a pediatrician?
The cost of living in Richmond, VA is exactly at the national average (Index 100), meaning a pediatrician's salary of $190,890 has standard purchasing power.
Are there many job opportunities for pediatricians in Richmond?
With a Local Quotient of 1.43, the market is concentrated, suggesting a healthy demand and potentially numerous opportunities for General Pediatricians in Richmond.
How does experience affect a pediatrician's salary in Richmond?
Experience significantly impacts salary, with entry-level pediatricians earning less and senior professionals commanding higher salaries, reflecting a typical career progression in the field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Richmond, VA area with a job density of 0.399 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Pediatricians, General • Data source: BLS OEWS 2024 •Jobs in Richmond, VA