Average Physical Therapists Salary in Lexington-Fayette, KY
Physical Therapists in Lexington-Fayette, KY, earn an average annual salary of $92,880. This figure is notably below the national average of $102,240, suggesting that local market dynamics and potentially regional demand influence compensation. While the nominal salary is lower, the cost of living in Lexington-Fayette is on par with the national average, which is a crucial factor in understanding the true purchasing power of this income.
Executive Summary
- Average Salary: $92,880 per year.
- Growth Trend: Salaries have shifted 7.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,590.
- Outlook: The physical therapy job market in Lexington-Fayette, KY, appears stable, with a local workforce of 550 professionals. The location quotient of 1.2 indicates a slightly higher concentration of physical therapists compared to the national average, suggesting a healthy, albeit not overwhelmingly saturated, demand for these services within the region. With 1.942 jobs per 1,000 workers, the presence of physical therapists is well-established.
Salary Overview
The average Physical Therapists in Lexington-Fayette, KY earns-9.2%below the national average.
$44.7
$1,786
$7,740
Physical Therapists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Physical Therapists in Lexington-Fayette, KY, have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, an aging population, and advancements in physical therapy techniques likely contribute to a consistent upward pressure on compensation, even if the rate of growth may vary.
Physical Therapists Salary Distribution in Lexington-Fayette, KY
Career progression for Physical Therapists in Lexington-Fayette, KY, is typically marked by increasing earning potential. Entry-level positions will naturally command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn significantly more. The salary distribution, with higher percentiles representing senior roles, illustrates a clear pathway for career advancement and increased financial reward within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $58,960 | $28.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $69,660 | $33.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $86,110 | $41.4 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $116,100 | $55.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $119,590 | $57.5 |
Detailed Physical Therapists Market Analysis
Relocation Context
Nominal Salary
$92,880
Gross Pay
Real Wage (Purchasing Power)
$92,880
Adjusted for COL (100)
Relocating to Lexington-Fayette, KY, as a Physical Therapist presents a neutral financial proposition regarding cost of living. The average annual salary of $92,880 aligns perfectly with a Cost of Living Index of 100, meaning that your earnings will likely afford you a similar standard of living as the national average. This stability in purchasing power is a significant advantage for those considering a move.
Job Market Context
550
Total Jobs
1.942
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Lexington-Fayette, KY has a slightly higher-than-average concentration of Physical Therapists roles compared to the national norm.
A location quotient of 1.2 for Physical Therapists in Lexington-Fayette, KY, signifies that the area has a slightly higher concentration of these professionals than the national average. This suggests a robust market with a solid demand for physical therapy services, but also indicates a competitive landscape where employers may have a slightly larger pool of candidates to choose from. It's a market that is neither undersupplied nor oversaturated.
Nearby Job Markets
Nearby Cities for Physical Therapists
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Physical Therapists Salary | $94,580↑ 2% | 28 mi |
| South Central Kentucky nonmetropolitan area Physical Therapists Salary | $87,990↓ 5% | 28 mi |
| West Kentucky nonmetropolitan area Physical Therapists Salary | $94,010↑ 1% | 28 mi |
| East Kentucky nonmetropolitan area Physical Therapists Salary | $91,420↓ 2% | 28 mi |
| Louisville/Jefferson County, KY-IN Physical Therapists Salary | $92,190↓ 1% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
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Frequently Asked Questions
How much does a Physical Therapists make in Lexington-Fayette, KY?
The median annual salary for a Physical Therapists in Lexington-Fayette, KY is $92,880. This typically ranges from $58,960 for entry-level positions to $119,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 9.2% lower than the national median of $102,240.
Is Lexington-Fayette, KY a lucrative place for Physical Therapists?
It offers a stable, though not exceptionally high, earning potential for Physical Therapists.The average salary of $92,880 is below the national average, but the cost of living is also at the national average, making the purchasing power comparable. The location quotient suggests a healthy market demand.
Is Lexington-Fayette, KY a good place to live for Physical Therapists?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($94,580) and South Central Kentucky nonmetropolitan area.
How does the average Physical Therapist salary in Lexington-Fayette compare to the national average?
Physical Therapists in Lexington-Fayette, KY, earn an average of $92,880 annually, which is less than the national average of $102,240.
What is the cost of living in Lexington-Fayette, KY for Physical Therapists?
The cost of living in Lexington-Fayette, KY, is exactly at the national average, indicated by an index of 100.
Is there high demand for Physical Therapists in Lexington-Fayette, KY?
With a location quotient of 1.2, there is a slightly higher concentration of Physical Therapists than the national average, indicating a healthy demand for their services in the region.
How many Physical Therapists are employed in Lexington-Fayette, KY?
There are approximately 550 Physical Therapists working in the Lexington-Fayette, KY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Lexington-Fayette, KY area with a job density of 1.942 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Physical Therapists • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY