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Average Physicians, All Other Salary in Champaign-Urbana, IL

Physicians, All Other in Champaign-Urbana, IL, command an impressive average annual salary of $241,520. This figure, while slightly below the national average of $256,170, reflects a localized demand and specialized healthcare needs within the region. The specific economic drivers and healthcare infrastructure of Champaign-Urbana play a crucial role in shaping compensation for these vital medical professionals.

Executive Summary

  • Average Salary: $241,520 per year.
  • Growth Trend: Salaries have shifted 20.7% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $362,280.
  • Outlook: The Champaign-Urbana area supports a local workforce of 410 Physicians, All Other, indicating a stable presence of these professionals. With a Location Quotient of 1.9, the concentration of these roles is nearly double the national average, suggesting a robust demand and a significant presence within the local job market. This higher concentration points to a healthy environment for those in this specialized field.
2024 Market Data

Salary Overview

$241,520

The average Physicians, All Other in Champaign-Urbana, IL earns-5.7%below the national average.

BreakdownBased on 40h/week
Hourly

$116.1

Weekly

$4,645

Monthly

$20,127

Physicians, All Other Salary Distribution in Champaign-Urbana, IL

The career progression for Physicians, All Other, typically involves significant salary increases with experience. Entry-level physicians can expect compensation towards the lower percentiles, while seasoned professionals with extensive expertise and specialized skills will command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies substantial opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$64,930$31.2
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$181,140$87.1
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$213,580$102.7
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$301,900$145.1
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$362,280$174.2

Detailed Physicians, All Other Market Analysis

Relocation Context

Nominal Salary

$241,520

Gross Pay

Real Wage (Purchasing Power)

$241,520

Adjusted for COL (100)

The average annual salary of $241,520 in Champaign-Urbana aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a physician's salary in this area is equivalent to the national average, offering a balanced lifestyle without significant financial strain related to everyday expenses.

Job Market Context

410

Total Jobs

3.881

Per 1K Jobs

1.9

Location Quotient

Major Hub

Champaign-Urbana, IL has 1.9x the national concentration of Physicians, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

A Location Quotient of 1.9 for Physicians, All Other, in Champaign-Urbana signifies that this profession is significantly more concentrated in this area compared to the national average. This suggests a strong demand for these specialized roles and potentially fewer candidates per opening, making it a competitive yet rewarding market for physicians seeking opportunities.

Nearby Job Markets

Hiring Physicians, All Others?

Frequently Asked Questions

How much does a Physicians, All Other make in Champaign-Urbana, IL?

The median annual salary for a Physicians, All Other in Champaign-Urbana, IL is $241,520. This typically ranges from $64,930 for entry-level positions to $362,280 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Champaign-Urbana, IL is 5.7% lower than the national median of $256,170.

Is Champaign-Urbana, IL a lucrative place for Physicians, All Others?

Yes, it offers a competitive salary and strong market concentration.With an average salary of $241,520 and a Location Quotient nearly double the national average, Champaign-Urbana presents a lucrative environment for Physicians, All Other.

Is Champaign-Urbana, IL a good place to live for Physicians, All Others?

The Cost of Living Index in Champaign-Urbana, IL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Champaign-Urbana, IL?

Some top paying nearby cities include Decatur, IL ($305,560) and West Central Illinois nonmetropolitan area.

How does the local salary compare to the national average?

The average annual salary for Physicians, All Other, in Champaign-Urbana is $241,520, which is slightly lower than the national average of $256,170.

What is the concentration of Physicians, All Other, in Champaign-Urbana?

The concentration, measured by the Location Quotient, is 1.9, indicating that this profession is nearly twice as common in Champaign-Urbana compared to the national average.

How does the cost of living affect the physician's salary?

With a Cost of Living Index of 100, the salary of $241,520 in Champaign-Urbana has the same purchasing power as the national average, indicating a balanced financial environment.

What does the total local workforce size suggest?

A local workforce of 410 suggests a substantial and established community of Physicians, All Other, in the Champaign-Urbana area, indicating consistent demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Champaign-Urbana, IL area with a job density of 3.881 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.