Average Physicians, All Other Salary in Albuquerque, NM
Physicians, All Other in Albuquerque, NM, command an impressive average annual salary of $304,780, significantly surpassing the national average of $256,170. This elevated compensation is often influenced by the specialized nature of medical roles and the specific healthcare demands within the Albuquerque metropolitan area, reflecting a localized premium for highly skilled medical professionals.
Executive Summary
- Average Salary: $304,780 per year.
- Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $457,170.
- Outlook: With a local workforce of 800 Physicians, All Other, Albuquerque presents a stable, albeit not exceptionally concentrated, job market for these professionals. The Location Quotient of 0.97 indicates a presence very close to the national average, suggesting a balanced demand and supply dynamic. The rate of 1.988 jobs per 1,000 workers further reinforces that while not a hyper-specialized hub, Albuquerque offers consistent opportunities for this critical profession.
Salary Overview
The average Physicians, All Other in Albuquerque, NM earns+19.0%above the national average.
$146.5
$5,861
$25,398
Physicians, All Other Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that the compensation for Physicians, All Other in Albuquerque has seen steady growth over the past four years, mirroring national trends in the healthcare sector. Factors such as increasing healthcare needs, advancements in medical technology, and inflation typically contribute to a gradual upward trajectory in salaries for specialized medical roles.
Physicians, All Other Salary Distribution in Albuquerque, NM
The salary spectrum for Physicians, All Other in Albuquerque, NM, naturally widens with experience. Entry-level practitioners can expect to earn closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills will command salaries in the upper percentiles, potentially exceeding $400,000. These percentile gaps are crucial indicators of career progression and the increasing value placed on expertise within the local medical community.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $126,200 | $60.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $228,585 | $109.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $304,782 | $146.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $380,975 | $183.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $457,170 | $219.8 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$304,780
Gross Pay
Real Wage (Purchasing Power)
$304,780
Adjusted for COL (100)
The nominal average salary of $304,780 in Albuquerque, NM, holds substantial purchasing power, as the local Cost of Living Index is exactly at the national average of 100. This means that the high earnings translate directly into a strong standard of living, allowing physicians to enjoy the benefits of their elevated compensation without the typical erosion seen in high-cost-of-living areas.
Job Market Context
800
Total Jobs
1.988
Per 1K Jobs
0.97
Location Quotient
Albuquerque, NM has 0.97x 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.
Albuquerque's Location Quotient of 0.97 for Physicians, All Other suggests a job market that closely mirrors the national distribution of this profession. This indicates a healthy and competitive environment where opportunities are readily available, but the market is not oversaturated. It implies that skilled physicians can find positions without facing extreme competition, while employers have a reasonable pool of talent to draw from.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Physicians, All Other Salary | $317,590↑ 4% | 29 mi |
| Northern New Mexico nonmetropolitan area Physicians, All Other Salary | $261,110↓ 14% | 29 mi |
| Santa Fe, NM Physicians, All Other Salary | $261,930↓ 14% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Albuquerque, NM?
The median annual salary for a Physicians, All Other in Albuquerque, NM is $304,780. This typically ranges from $126,200 for entry-level positions to $457,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 19.0% higher than the national median of $256,170.
Is Albuquerque, NM a lucrative place for Physicians, All Other?
Yes, Albuquerque, NM is a lucrative location for Physicians, All Other.The average annual salary of $304,780 significantly exceeds the national average, and with a cost of living at the national benchmark, the purchasing power of these earnings is substantial.
Is Albuquerque, NM a good place to live for Physicians, All Others?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($317,590) and Northern New Mexico nonmetropolitan area.
How does the Albuquerque salary compare to the national average for Physicians, All Other?
Physicians, All Other in Albuquerque earn an average of $304,780 annually, which is considerably higher than the national average of $256,170.
What is the concentration of Physicians, All Other in Albuquerque compared to the rest of the US?
The Location Quotient of 0.97 indicates that the concentration of Physicians, All Other in Albuquerque is very close to the national average, suggesting a balanced presence of this profession.
Does the cost of living in Albuquerque affect the value of a Physician's salary?
No, the cost of living in Albuquerque is at the national average (100), meaning the high salary of $304,780 offers excellent purchasing power without being diminished by high living expenses.
How many Physicians, All Other are employed in Albuquerque?
There are approximately 800 Physicians, All Other employed within the Albuquerque metropolitan area, representing 1.988 jobs per 1,000 workers in the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 800 employees in the Albuquerque, NM area with a job density of 1.988 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 Albuquerque, NM