Average Physicians, All Other Salary in Albany-Schenectady-Troy, NY
Physicians in the Albany-Schenectady-Troy, NY area earn an impressive average annual salary of $269,020, surpassing the national average of $256,170. This elevated compensation is likely influenced by the specialized nature of medical professions and the specific healthcare demands within the region, potentially including a need for highly skilled practitioners.
Executive Summary
- Average Salary: $269,020 per year.
- Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $403,530.
- Outlook: With a local workforce of 500 Physicians, All Other, and a Location Quotient of 0.56, the job market in Albany-Schenectady-Troy indicates a slightly lower concentration compared to the national average. While not exceptionally concentrated, the presence of a substantial workforce suggests a stable demand for these specialized medical professionals within the area's healthcare ecosystem.
Salary Overview
The average Physicians, All Other in Albany-Schenectady-Troy, NY earns+5.0%above the national average.
$129.3
$5,173
$22,418
Physicians, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Physicians, All Other, in Albany-Schenectady-Troy have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in medical technology, and inflation typically contribute to a consistent upward trajectory in compensation for these vital roles.
Physicians, All Other Salary Distribution in Albany-Schenectady-Troy, NY
The career progression for Physicians, All Other, typically involves significant salary scaling based on experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to reach the higher percentiles of the $269,020 average. The gap between lower and higher percentile earnings signifies substantial opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $80,500 | $38.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $201,765 | $97 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $269,027 | $129.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $336,275 | $161.7 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $403,530 | $194 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$269,020
Gross Pay
Real Wage (Purchasing Power)
$269,020
Adjusted for COL (100)
The average annual salary of $269,020 in Albany-Schenectady-Troy 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 a stable financial environment without the added pressure of a higher cost of living.
Job Market Context
500
Total Jobs
1.137
Per 1K Jobs
0.56
Location Quotient
Albany-Schenectady-Troy, NY has 0.56x the national average concentration of Physicians, All Other jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.56 suggests that Physicians, All Other, are less concentrated in the Albany-Schenectady-Troy area compared to the national average. This could imply a less saturated market, potentially leading to greater opportunities for qualified professionals seeking employment, or it might reflect a regional specialization that draws talent from elsewhere rather than developing it internally.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Glens Falls, NY Physicians, All Other Salary | $250,260↓ 7% | 45 mi |
| Southwest New York nonmetropolitan area Physicians, All Other Salary | $246,860↓ 8% | 68 mi |
| Central East New York nonmetropolitan area Physicians, All Other Salary | $280,470↑ 4% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Albany-Schenectady-Troy, NY?
The median annual salary for a Physicians, All Other in Albany-Schenectady-Troy, NY is $269,020. This typically ranges from $80,500 for entry-level positions to $403,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 5.0% higher than the national median of $256,170.
Is Albany-Schenectady-Troy, NY a lucrative place for Physicians, All Other?
Yes, it is a lucrative location.Physicians in this area earn above the national average salary, and the cost of living is at the national average, indicating strong earning potential.
Is Albany-Schenectady-Troy, NY a good place to live for Physicians, All Others?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Glens Falls, NY ($250,260) and Southwest New York nonmetropolitan area.
How does the local physician salary compare to the national average?
Physicians in Albany-Schenectady-Troy earn an average of $269,020 annually, which is higher than the national average of $256,170.
What is the concentration of Physicians, All Other, in Albany-Schenectady-Troy?
The concentration, measured by the Location Quotient, is 0.56, indicating a lower presence of these professionals compared to the national average.
Does the cost of living affect the value of a physician's salary in Albany?
No, the cost of living in Albany-Schenectady-Troy is exactly at the national average (100), meaning the $269,020 salary has the same purchasing power as the national average salary.
How many Physicians, All Other, work in the Albany-Schenectady-Troy area?
There are approximately 500 Physicians, All Other, employed within the Albany-Schenectady-Troy metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 500 employees in the Albany-Schenectady-Troy, NY area with a job density of 1.137 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Physicians, All Other • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY